The interest is calculated and credited to the investor’s account every quarter. The pay-out dates are April 1st, July 1st, October 1st and January 1st of every financial year. Can husband and wife both invest in SCSS? Which bank gives the highest interest rate for senior citizens? Can ...
Banks levy a plethora of charges on their savings bank account customers. Common charges include those for taking demand drafts, for not maintaining minimum balance in the account, and for online fund transfers.The Reserve Bank of India mandates them to disclose what they charge customers for an...
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 and the bank. You can keep as little and as much money as you like and take it out...
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...
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...
Dissatisfied banking customers would get a relief as it will save them the trouble of going through the process of opening a new bank account each time they want to switch banks. The move would also keep away the public from handling multiple bank accounts. ...
Savings Scheme - Find latest articles, news and updates of government schemes, public and private bank schemes related to savings and interest rates.
Bank account details In this section, you have to give the bank account details from which you want to make NPS contributions. The details include bank name, bank account number, branch address, IFSC code, branch name, and MICR code. ...
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, ...