Almost all banks in India have a dedicated team and some banks likeSBI have dedicated branches in India and abroad to service NRIs. TheNRE and FCNR(B) deposits are something worth exploring for NRIsas the interest received is tax free in India. Also the interest rates offered by banks her...
Saving Bank account Portability has come at an opportunistic time when Reserve Bank of India has deregulated the saving account interest rates (from October 2011), following which few private sector lenders have hiked the rates to as much as 7 per cent, whereas banks such as HDFC Bank and SBI...
The interest earned on the SCSS account is subject to tax as per the applicable income tax slab rate of the investor. If the interest income exceeds INR 50,000 in a year, then the interest is subject to TDS. Authorized Banks for SCSS Senior Citizens Savings Scheme is a government back po...
On the other hand, I think you are going to see supply chains shifting to other low-cost economies. Just look at what had happened to Vietnam. As you well know in your Asia role, I think Vietnam has done a wonderful job, of really going from a current account deficit to a massive...
The procedure is expected to be small as the KYC norms will also be taken care and no there will be no change in the Account Number. Recently, with the Savings bank rates deregulation and NRE/NRO deposits deregulation has resulted in many banks increasing their saving bank interest rate to ...
Charges for non maintenance thereof Rs. 110.00 per quarter Related Articles: Saving Bank Account:Do you know how interest is calculated and more Interest on Saving Bank Account : Tax, 80TTA Best Interest Rates on Saving Account Dormant Bank Account Explaining about Banks to Kids...
Currently, the NSC scheme can be bought in two modes, namely, electronic mode (e-mode) or Passbook mode. You can purchase them from public sector banks, certain authorized private banks, or at a post office. With a savings account at an authorized bank or a post office, you can purchas...
Interest from Saving Account: Income from Other Sources in ITR Saving Bank interest, however small the amount, is your income. Find interest on all your saving bank accounts by going through you bank statements. Show the total amount in your ITR in Income from Other sources. You can also ge...
A women’s savings account is tailored to cater to the unique financial needs of women. These accounts often come with specific benefits, such as higher interest rates, exclusive discounts on various services, and sometimes even customised financial advice. Here’s how you can chart a ...
Since men tend to have more formal education than women in many developing country contexts, this may also account for the gender disparity [17]. The variable age of the RUSACCO, as measured by the natural logarithm of the cooperatives’ age was significant at 5% and positively related to ...