A Fixed Deposit (FD) is one of the most popular financial instruments among the general saving public in India as it provides a higher rate of interest than a regular savings account. Fixed Deposit (FD) is the safest of investments that give high returns after a period. SBI offer you grea...
The RBI has prohibited banks from charging interest for failing to maintain the minimum balance in any account that has been declared inoperative. Additionally, RBI has made it illegal for banks to charge penalties for activation of inoperative accounts. The new guidelines mandate that banks notify ...
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3. Account Specifications: Certain accounts may have specific features or are part of special savings schemes that affect how AMC charges are processed. This might include accounts with minimum balance exemptions or those categorized under particular schemes, which can sometimes result in the AMC char...
PM Jan Dhan Yojana is a National mission for Financial inclusion. It was announced on 15 August 2014. Under the scheme, one basic savings bank account is opened for unbanked person for which he/she does not have to maintain any minimum balance. Accident Insurance Cover is also provided to ...
Before going further first understand “what is GIC” and “What is the full form of GIC”. So, GIC stands for Guaranteed Investment Certificate. It’s like a special savings account designed specifically for international students who want to study in Canada. When you open a GIC, you deposi...
Minimum balance need not to be maintained in the accounts opened underPradhan Mantri Jan Dhan Yojnaand for Basic Savings Bank Deposit Account. For these accounts, no limit is fixed on number and value of deposits that can be made in a month. ...