Which bank gives the highest interest rate for senior citizens? Can the SCSS account be transferred? How many times can one invest in SCSS? Government Hikes Interest Rates on Small Saving Schemes Update Nominee Details No LTCG Tax benefits on Debt Mutual Funds from April 1 New Mutual Fund...
Technically, a fixed deposit is another form of account, and it is a separate entity. As you promise to keep a certain sum for a fixed period of time with the bank, and in return the bank gives you a higher interest rate. In a saving account there is no such agreement between you ...
Charges varies from bank to bank, and even the same bank could have differing balance requirement depending on the account holder’s location (Urban, Semi-urban and Rural) or category of account (Normal, Privilege, Platinum, etc). Some of the charges by the bank are shown below and given...
bank interest rate to 6-7% (example YES BANK and KOTAK bank) and a lot of banks increased their NRE/NRO deposits rates from 3-3.5% to 8-9%, however a lot of people have not considered to change their banks just because of the WORK involved in the opening of new bank account. If...
Banks would have to work on the uniformity of having an identification code, Know Your Customer (KYC) norms and core banking solution (CBS) for implementing this savings bank account number portability policy. Banks will need a uniform pattern of savings account numbers, as the current system of...
1) Among the post office saving schemes, highest interest rates is being offered on Sr. Citizens Saving Scheme which is 8.3%. Earlier even Sukanya Samriddhi Account (SSA) Scheme too used to get highest interest among the small saving schemes. Now SSA offer only 8.1% interest rate f...
4) 5 Year Monthly Income Account interest rate is reduced from 7.7% to 7.6%. 5) National Saving Certificate (5 Years) interest rates are reduced from 8% to 7.9%. 6)Public Provident Fund (PPF)interest rate is now at 7.9% compared to the previous quarter at 8%. ...
Savings Scheme - Find latest articles, news and updates of government schemes, public and private bank schemes related to savings and interest rates.
Most of us would have interest on saving bank account, fixed deposits, recurring deposits ,company deposits which we need to add together and fill in Interest Gross 1(b).How to handle interest on saving bank account, fixed deposit etc are explained later in article. ITR2 with all the incom...
under Section 80C, interest earned shall be taxable in the hands of the investor. Tax is deducted at Source (TDS) .The government of India decides the rate of interest for SCSS. Details at IndiaPost’sSenior Citizen Savings Scheme (SCSS) Accountand RBI’s Senior Citizens Savings Scheme, ...