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...
2) Post Office Time deposit (Nothing but FDs) offers 6.9% to 7.7% per annum from 1 to 5 years tenure FDs. Since these FD rates are compounded quarterly, the effective annual interest rates are 7% to 8% per annum. Currently, banks are offering FD rates, which are between 5....
the term deposits gives yield of 6.8% to 7.6% per annum. Currently many banks have reduced FD rates which are between 4.5% to 7.15% per annum only. Hence Post office Time deposits are best, compared to bank fixed deposit schemes.
Some of the private sector banks,like ICICI Bank and HDFC Bank have switched from QAB to MAB. What this means is that customers will have to keep higher balances. It impacts the small savings account holders the most. It increase the Fees income for the bank in the form of MAB charges ...
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 have remained ...
Also Read:Best FCNR(B) – US Dollar Fixed Deposit Interest Rates NRI Banking in India with SBI, ICICI Bank Loans: All big banks likeSBI, ICICI, etc also offer loans like home loan, personal loan, car loan etc to NRIs.The conditions and documentation process could be slightly different ...
saving 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...
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...
Savings Scheme - Find latest articles, news and updates of government schemes, public and private bank schemes related to savings and interest rates.