Classroom oi-Vipul Das | Posted: Thursday March 17th 2022, 04:56 PM [IST] The Senior Citizen Savings Scheme (SCSS) has proven to be more attractive to senior citizens wishing to invest, firstly because of the security of deposits, as the scheme is run by the Indian government, and secondly, because depositors will receive a higher return […]
DUBAI: The Steering Committee of the “Dubai Government Foreign Employees’ Savings Scheme” held its first meeting to discuss the action plan for enrolling foreign employees in the Savings Scheme, as well as other implementation mechanisms. The new enrollment and enforcement mechanisms will ensure employees are protected and have the opportunity to invest and grow their […]
Postal Savings Plan: Fixed deposits have a different kind of relationship with the middle class and the elderly in India. For a very long time, fixed deposits have been the investment option of choice for the Indian middle class. For the average middle-class Indian citizen, investing in good schemes with attractive fixed interest rates remains […]
A national term deposit account can be opened with a minimum of Rs 1000. Postal Savings Plan. The post office offers popular formulas. One of them is the National Savings Time Deposit Account (TD). It is like the traditional fixed deposit (FD). Investors have the option of opening one-year, two-year, three-year and five-year accounts. INVESTMENT […]
Linking of savings account with MIS, SCSS and FD accounts mandatory. Check latest date New Delhi: One of the favorite investment tools of employees is the Postal Savings Plan because they offer a higher return compared to other term deposits and offer better interest rates. Now, investors in the monthly income account (MIS), the Savings […]
The ‘2020 UAE Security and Savings’ survey by global consultancy Mercer found that nearly half of UAE expats have no financial security plans after retirement File Published: Thu 3 March 2022, 06:18 PM Last update: Fri 4 March 2022, 09:54 In a historic move, the Dubai government on Wednesday announced a new savings scheme for […]
(MENAFN – Khaleej Times) Posted: Thu Mar 3 2022, 12:53 PM Last updated: Thu, March 3 2022, 12:54 PM In a historic move, the government of Dubai has announced a new savings scheme for expatriates working in the public sector. Currently, a gratuity is offered to employees at the end of their service through the […]
Several investment plans will be offered to employees, including Sharia-compliant ones File By a staff reporter Published: Wed, March 2, 2022, 9:20 PM A savings plan for expatriates working in the public sector was conceptualized after the Dubai International Financial Center (DIFC) successfully implemented a similar plan for its employees in 2020. The plan announced […]
SACRAMENTO, Calif.–(BUSINESS WIRE)–March 1, 2022– The ScholarShare Investment Board (SIB or Board) was recently announced as the recipient of a grant from the Charles Stewart Mott Foundation. The grant, in the amount of $750,000, will be used by the Council over the next three years to market and increase awareness and education about the upcoming […]
SACRAMENTO, Calif.–(BUSINESS WIRE)–March 1, 2022– The ScholarShare Investment Board (SIB or Board) was recently announced as the recipient of a grant from the Charles Stewart Mott Foundation. The grant, in the amount of $750,000, will be used by the Council over the next three years to market and increase awareness and education about the upcoming […]
Just recently, the Federal Government of Nigeria is considering making saving compulsory for Nigerians and introducing new inflation-proof investment products that will incentivize saving. The program will be strictly for Nigerians between the ages of 18 and 50 as the government seeks ways to raise funds to boost the national economy. However, the working group, […]
Director General Securities and Exchange-Commission Mr. Lamido Yuguda with Minister of Finance, Budget and National Planning, Zainab Ahmed Feb. 22 (THEWILL) – The federal government has received reports from the National Savings Plan Project Task Force, with a commitment to work with stakeholders to implement the recommendations. The task force was constituted virtually in May […]
Many investors remember the days when high-interest savings accounts yielded what many would consider a very decent return. But in the age of ultra-low interest rates, high-interest savings accounts now pay between 1 and 2%. Are the days when interest rates on savings accounts were high officially over? “I think it’s always a function of […]
Press release. the National Bank of Bahrain (NBB) has announced its new pricing structure for the 21st edition of the Al Watani Savings Plan for the first half of the year 2022. Celebrating its 65and anniversary this year, the bank is offering more winners the opportunity to win grand prizes throughout 2022, commemorating the 65-year […]
Postal Savings Plan: Investing in a good savings plan has always been a priority for the middle class in India, who mainly seek to invest in a policy with a high interest rate and guaranteed returns. While fixed deposits in banks meet this need, the interest rate and tax benefits are not as high as […]
Postal Savings Plan: Citizens of India, largely in the lower middle class and middle class sections, still rely on savings schemes that guarantee an assured return at maturity so that none of their hard-earned money is lost . Therefore, they tend to invest their money in government supported programs. The post, in this regard, is […]
Postal Savings Plan: Senior citizens in India are not yet too digitally compliant as they are not tech savvy. Due to this, postal savings plans are still particularly popular among them, except for others. Several savings schemes offered by India Post are among the most popular risk-free savings schemes in the country. For the average […]
Official at the event held to announce the winner of the 2021 Al Rabeh Savings Program raffle. Doha: Mireille Kalouch has been announced the winner of the latest Al Rabeh Savings Program raffle for 2021 with the mega cash prize of QR 1 million. The draw took place in the recently renovated Ahlibank Al Sadd […]
Ahlibank has named Mireille Kalouch as the winner of the latest Al Rabeh Savings Program draw for 2021 with the mega cash prize of QR 1,000,000. The draw took place in the recently renovated Ahlibank Al Sadd branch, in the presence of Saad al-Kaabi, Head (Human Resources) of Ahlibank and Ahmed Shehata, DCEO (Retail & […]
On Friday, the finance ministry kept interest rates on small savings plans including the Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY), other post office plans unchanged for the fourth quarter of exercise 22 amid increasing cases of the more contagious variant of the Omicron coronavirus and high level of inflation. ” The interest […]
Postal savings plan: convert Rs 10 lakh into Rs 14 lakh in 60 months and benefit from tax advantages under section 80C New Delhi: The National Savings Certificate (NSC) is one of the most popular postal savings programs that offers guaranteed returns as well as tax benefits under section 80C. Financial planners often advise risk-averse […]
Faced with a currency crisis (“Erdogan’s New Savings Plan Revives Pound Amid Backdoor Rate Hike Alleged,” report, December 22), Turkish authorities design new savings plan aimed at to stabilize the value of the pound. Struck by persistent current account deficits, conflicts over the direction of monetary policy and political volatility, the authorities hope that the […]
The Turkish lira rallied in chaotic second day of trading after President Recep Tayyip Erdogan unveiled a new savings plan that analysts described as a devious interest rate hike that could erode finances public. Tuesday’s gains leave the currency up about 50% from a record low reached in the previous trading session. The intense volatility […]
Getty Images The national average interest rate on savings accounts is only 0.06%, according to Bankrate data from November. Ouch. The good news? You don’t have to go with such a low rate. First, look at online banks, as many offer higher rates – sometimes four or five times the average – than traditional banks, […]
The Post Office, via a notification dated November 22, 2021, said it had “received statements from the Senior Citizens’ Savings Scheme (SCSS) account holder (s) that the TDS amount has been deducted from their payments of interest even after submission of form 15G / 15H for the current fiscal year. The department stated that “the […]
Classroom oi-Sunil Fernandes | Posted: Friday Dec 3, 2021 10:50 a.m. [IST] One of the most popular savings plans for seniors is the Senior Savings Plan run by post and banks. It offers security as well as high returns for the elderly. Can I open a Seniors Savings Plan online? Unfortunately, there is currently no […]
Here’s how my dad once explained the concept of a false economy: “This is the guy who takes giant steps to avoid wearing out his $ 20 shoes and ripping his $ 50 pants. “ I did a similar stunt a few days ago. Neither the pants nor the shoes were damaged, but my glasses […]
(MENAFN-Mid-East.Info) Muscat: Oman Arab Bank (OAB) recently announced the names of the winners of its Hasaad savings plan for September 2021. The draw saw 101 clients win prizes of OMR 500 each and two winners of OMR 10,000 in the raffle. As for Elite account holders, one client won the Elite Grand Prix of 25,000 […]
The minimum contribution to open a PA 529 College career savings program has changed twice since July 2020, from a low of $ 10 to a now low of $ 1, according to the Pennsylvania Treasury. Once a PA 529 account is opened, contributions can be any amount greater than $ 1. Contributions to PA […]
The minimum contribution to open a PA 529 College career savings program has changed twice since July 2020, from a low of $ 10 to a now low of $ 1, according to the Pennsylvania Treasury. Once a PA 529 account is opened, contributions can be any amount greater than $ 1. Contributions to PA […]
The minimum contribution to open a PA 529 College career savings program has changed twice since July 2020, from a low of $ 10 to a now low of $ 1, according to the Pennsylvania Treasury. Once a PA 529 account is opened, contributions can be any amount greater than $ 1. Contributions to PA […]
The minimum contribution to open a PA 529 College career savings program has changed twice since July 2020, from a low of $ 10 to a now low of $ 1, according to the Pennsylvania Treasury. Once a PA 529 account is opened, contributions can be any amount greater than $ 1. Contributions to PA […]
The minimum contribution to open a PA 529 College career savings program has changed twice since July 2020, from a low of $ 10 to a now low of $ 1, according to the Pennsylvania Treasury. Once a PA 529 account is opened, contributions can be any amount greater than $ 1. Contributions to PA […]
The minimum contribution to open a PA 529 College career savings program has changed twice since July 2020, from a low of $ 10 to a now low of $ 1, according to the Pennsylvania Treasury. Once a PA 529 account is opened, contributions can be any amount greater than $ 1. Contributions to PA […]
The minimum contribution to open a PA 529 College career savings program has changed twice since July 2020, from a low of $ 10 to a now low of $ 1, according to the Pennsylvania Treasury. Once a PA 529 account is opened, contributions can be any amount greater than $ 1. Contributions to PA […]
The minimum contribution to open a PA 529 College career savings program has changed twice since July 2020, from a low of $ 10 to a now low of $ 1, according to the Pennsylvania Treasury. Once a PA 529 account is opened, contributions can be any amount greater than $ 1. Contributions to PA […]
Holders of a Commercial Bank of Ceylon juvenile savings account can enjoy exclusive discounts of up to 20% on books and stationery at all Sarasavi bookstores on the island until the end of August 2022 , as part of an interesting benefit unveiled by the Bank for homebound children. by months of confinement. Children with […]
October 1 is celebrated as the International Day of Older Persons around the world. The day is celebrated to raise awareness of issues affecting the elderly. On this international day of the elderly, here is how an elderly person can secure their finances by investing in the Savings Plan for Seniors (SCSS). India Post used […]
Updated Sep 30, 2021 | 21:54 IST This means that for the October-December quarter of the current fiscal year, investors will continue to get the same interest rates they got for the July-September quarter. Representation image New Delhi: The government on Thursday kept interest rates on the popular Public Provident Fund (PPF) and other small […]
The finance ministry on Thursday kept interest rates on small savings plans including the Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY), other post regimes unchanged for the sixth consecutive quarter for the quarter October-December. This means that the interest rates earned in the July through September quarter of fiscal 22 will be the […]
Written by Shankhyaneel Sarkar | Edited by Poulomi Ghosh, Hindustan Times, New Delhi The Union’s finance ministry said on Thursday it was maintaining interest rates on small savings schemes such as the Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY) and other postal schemes. This is the sixth consecutive quarter (October-December) that interest rates have […]
When thinking of investing money in a safe and reliable way, the first thing that often comes to mind is the use of term deposit accounts or savings accounts with your banks. However, there is an equally effective alternative. You should consider investing your money through the Post’s Savings Plan, or more specifically, the Post’s […]
Manama, Bahrain: The National Bank of Bahrain (NBB) unveiled the five lucky winners of its Al Watani savings plan for August 2021. The draw took place at the Bank’s headquarters on September 15e, in the presence of representatives of the Ministry of Industry, Trade and Tourism and external auditors. A total of four winners; Farah […]
The National Higher Education Fund Corporation (PTPTN) is committed to continuing to transform the mindset of parents to save early for their children’s future educational needs and reduce reliance on student loans. To this end, PTPTN has launched a new product: Simpan SSPN (National Education Savings Plan) Plus. Simpan SSPN Plus is a continuation of […]
FE ONLINE OFFICE | Posted: September 02, 2021 6:18:05 PM | Update: 04 September 2021 16:38:38 A “digital savings plan” was launched to enable people, including those who previously lived outside of financial inclusion, to take advantage of IDLC Finance’s term deposit services using their bKash accounts. Leading non-bank financial institution IDLC Finance presented the […]
New Delhi: The Post Office Savings Plan has emerged as one of the safest options for traditional investors who don’t want to take a lot of market risk and are dependent on a fixed interest rate. The Small Postal Savings Plans are of 9 types: 1. Postal savings account (CS)2. National Recurring Deposit (RD) Savings […]
New Delhi: If you are over 60 and are planning to invest your hard-earned savings in a secure investment vehicle, you may consider placing your money in the Seniors Savings Program or term deposits. India Post launched the Elderly Savings Program for Elderly Investors in 2004. The program is also run by public sector banks […]
India Post Saving Scheme: Here is good news for account holders in Post Office. India Post has increased the withdrawal limit for its customers. With this change, India Post can compete with commercial banks and their savings plans.Read also – Postal savings plan: just invest Rs 1000 in Kisan Vikas Patra and get a double […]
Giving great relief to applicants for a depositor of the Seniors Savings Program (SCSS), the Association of Indian Banks (IBA) has asked its member banks not to impose a penalty for withdrawing from the program by a candidate or legal heir after death. of the account holder. In a circular, IBA says it has come […]
Post office staff do not appear to be well aware of the regulations, said Suresh Parthasarathy. founder, Myassetsconsolidation.com; 30 days is not enough during the pandemic to make the investment, he said Despite rules allowing employees over 55, who have opted for voluntary or mandatory retirement, to invest their settlement funds in the Post’s Senior […]
To avoid confusion, India Post in a circular reiterated the arrangements available for reinvestment of the maturity value of any (small) national savings plan for opening a new account / purchasing certificate either by the account holder directly or through agents. “This office receives numerous requests / representations from SAS agents concerning the reinvestment of […]
In a huge relief for small investors, the Center has kept interest rates on small savings plans, including NSC and PPF, unchanged for the second quarter of 2021-2022 amid the ongoing coronavirus pandemic. This is the fifth quarter (ending September 30, 2021) in a row that the Ministry of Finance is maintaining the interest rate […]
The Seniors Savings Plan can be opened before the age of 60; here is how | Photo credit: PTI Senior Citizen Savings Scheme (SCSS) is a government-backed savings scheme designed to provide a stable, low-risk income stream for seniors along with tax benefits. Retirees can invest up to Rs 15 lakh as a lump sum […]
NEW DELHI: A Savings Plan for Seniors (SCSS) is a government-supported retirement scheme. A senior can invest in the scheme on a lump sum basis, individually or jointly, and access regular income as well as tax benefits. Here are the following three criteria that can help an Indian resident to invest in the program. 1. […]
Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. A high yield savings account can provide a safe place to keep money for the short or long term. Compared to traditional savings accounts, high yield savings can also offer an interest […]
Calculation of SCSS Fixed Income Securities The interest rate provided for under the Senior Savings Plan is adjusted quarterly. The interest rate announced at the time of investment remains unchanged for the duration of the maturity period and is not affected by changes in the coming quarter. For example, Mr. A deposited Rs 1 lakh […]
SCSS vs PMVVY New Delhi: Seniors mainly prefer risk-free instruments to park their retirement savings. This is the reason why they mainly opt for fixed bank deposits to get regular income after retirement. However, since interest rates on term deposits have fallen significantly due to the RBI’s 115 basis point repo rate cut by the […]
Options for Seniors as FD Loses its Luster with Negative Real Interest Rate | Photo credit: Thinkstock In an age when interest rates on fixed income assets are at historically low levels, investors, especially those who depend on interest income, are being left behind. On top of that, rising inflation levels reduce the meager returns […]
Equity savings plan: ELSS mutual funds have a three-year blocking period A stock linked savings plan or ELSS is one of the most popular categories of mutual funds that offer tax benefits. Under the provisions of section 80C of the Income Tax Act 1961, a person can claim tax deductions of up to Rs 1.5 […]
Personal finance oi-Roshni Agarwal | Posted: Saturday April 3rd, 2021 01:04 PM [IST] A sharp sharp drop in interest rates announced for the new quarter starting in April on the Post’s savings plan, then an overnight withdrawal has left many wondering how long the rates that are currently at. the hike given the low interest […]
The states of Bauchi, Gombe and Plateau have pledged to support the new Hajj savings plan through the Nigeria National Hajj Commission and Jaiz Bank to facilitate hajj processes for Muslims in Nigeria. Governors Bala Muhammed of Bauchi, Inuwa Yahaya of Gombe and Simon Lalong of Plateau approved the program during launch and awareness exercises […]
Small Savings Plans new interest rates: In a major setback to ordinary man’s savings goals, the government cut interest rates on small savings plans. This was notified by the finance ministry in a circular on Wednesday. This drop in interest rates will apply to the main savings plans, in particular PPF, NSC, Sukanya Samriddhi, Senior […]
The Ministry of Finance announced Wednesday a drop in interest rates for small savings plans. According to the ministry circular dated March 31, interest rates on small savings have been reduced by 50-100 basis points for the April-June quarter of fiscal year 2021-22. The interest rates for small savings plans are reviewed and communicated by […]
The unique program is designed to make participation in Gold Savings programs a reality for underserved Indians, with very low monthly payments and above average returns. BENGALURU, India, March 24, 2021 / PRNewswire / – The Siply micro-savings fintech platform, which offers “sachet-style financial services” for 40 crores Underserved Indians, announced today the launch of […]
Savings Plan for Seniors vs PMVVY: Knowing the Best Investment Option for You New Delhi: Seniors have become the biggest victim of this drop in repo rates as FD bank rates have fallen. As seniors mainly depend on their own income, their income has dropped by up to 30% over the past year, making it […]
Planning oi-Vipul Das | Posted: Tuesday March 9th, 2021 04:53 PM [IST] Senior Citizens Savings Scheme is a large, small savings program for seniors, with a current interest rate of 7.4 percent per year. The SCSS, which has a maturity of five years, allows them to have a stable income at retirement age. A natural […]
A company has been fined $ 400,000 for falsely claiming to offer a savings program to help low-income families buy homes, following a Trade Commission investigation. Photo: 123rf.com Home Funding Group Limited (HFG) was found guilty of two counts under the Fair Trading Act by the Auckland District Court on January 12. She is in […]
The new Hajj savings plan by the Nigeria National Hajj Commission (NAHCON) in collaboration with the State Muslim Pilgrims Welfare Boards and Jaiz Bank Plc, will enhance access to finance for micro, small and medium enterprises (MSMEs), said Jigawa State Governor Muhammad Abubakar. Speaking at the launch and awareness raising of the Scheme in Dutse, […]
The banking system is moving faster than ever to an online-centric mode, which makes accessing local bank branches less restrictive and the possibility of switching banks much easier. Mint reveals the pros and cons of switching savings accounts to higher rates. Why do savings account rates vary? Some banks, especially new ones, which are keen […]
Reloading your parents’ CPF Retirement Account has long been a way of providing financial support to members of your family. Now you might be able to get money from the government when you do. The CPF Matching retirement savings plan (MRSS) is a new device that will run over five years, from 2021 to 2025. […]
The government today kept the interest rates on small savings plans, including that of the Public Provident Fund or PPF, unchanged for the January-March quarter. The interest rates for small savings plans are revised quarterly. The interest rates of the various small savings plans for the fourth quarter 2020-2021, from January 1 and ending on […]
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The government has kept the interest rates of the Small Savings Plans unchanged for the next quarter. Between January and March, interest rates will remain unchanged. In today’s interest rate environment, small savings plans are the best option for conservative investors who do not invest in stocks and wish to invest in government guaranteed products. […]
SBI special FD vs Senior Citizen Savings Scheme: which one to choose New Delhi: Planning for retirement is one of the key financial steps everyone should take to ensure they are financially stable after retirement. You need to save and invest enough to ensure that your retirement corpus is large enough that you can maintain […]
The Seniors Savings Plan currently offers an interest rate of 7.4%. A natural person over the age of 60 can open a Senior Savings Plan account, but there are some exceptions to this rule. In special cases, the government authorizes the opening of a savings plan for seniors by people under the age of 60, […]
Investment oi-Vipul Das | Posted: Saturday December 12th, 2020 01:27 PM [IST] Many older people are currently looking for safe ways of investing to get a decent return on them at the same time. The preferred investment option of the elderly, the Senior Citizens Savings Scheme (SCSS), not only provides a steady stream of income, […]
The rule is not specific to any category of employer and therefore anyone can deploy the pension corpus in the SCSS. Eligibility for the SCSS Program: Will a private sector employee be authorized to invest in the 2019 Seniors Savings Plan? This is a question asked by an employee of the Postal Department under the […]
Postal savings: Besides delivering mail and offering a wide range of financial services, India Post offers a number of popular investment options and can be opened easily at any nearby post office with a minimum of Rs 1,000. Read also: Double your money with small savings programs like Kisan Vikas Patra For investors, India Post […]
The minimum amount for opening a SCSS account and the maximum balance are set at Rs 1,000 and Rs 15 lakhs respectively. The Seniors Savings Plan is one of the most popular investment options for people over the age of 60. People after retirement typically look for places to keep their savings safe, while still […]
The Seniors Savings Plan (SCSS) is a government-backed plan that offers seniors a great way to invest a portion of their retirement corpus and earn quarterly interest. Security of capital and assured periodic returns play a key role in choosing an investment program, especially in the case of the elderly. This scheme, which offers guaranteed […]
The Seniors Savings Plan (SCSS) is a government plan that allows seniors to save retirement funds and earn quarterly interest on the deposit. This account can be opened at any bank or post office and has a lifespan of 5 years which can be extended up to 8 years. Eligibility criteria A person who has […]
Image source: Getty Images Rates are unlikely to rise any time soon. Here’s what you can do. Less than a year ago, it wasn’t hard to find high-yield savings accounts that offered 1.50% APY or more. Some had APYs above 2.00% APY. Now, thanks to the pandemic-induced recession, you’re lucky if you can find half […]
To get the best return while building wealth, you need to combine both high risk and high return funds as well as low risk and fixed return investment options. People over the age of 60 and looking for places to keep their savings safe after retirement while earning a moderate rate of return, typically land […]
The coronavirus has had a huge impact on the economy, impacting our lives in several ways. Central banks around the world have cut interest rates to keep their economies from falling into recession. Bank FD yields drop below 7 percent. Seniors often depend on FD banks for regular income. In the midst of this drop […]
The coronavirus has had a huge impact on the economy, impacting our lives in several ways. Central banks around the world have cut interest rates to keep their economies from falling into recession. Bank FD yields drop below 7 percent. Seniors often depend on FD banks for regular income. In the midst of this drop […]
The senior savings plan was set up in 2004 with the aim of offering seniors a stable and secure source of income for their post-retirement. How to open a Seniors Savings account The Seniors Savings Plan (SCSS) is a government-funded savings plan for people over 60. The SCSS is a government-backed plan. Payment to the […]
SCSS: Interest on deposits under this scheme is announced by the government for each quarter in advance. All retired seniors struggle to meet both goals due to the double whammy of constant inflation accompanied by falling interest rates all around. Interest rates offered by banks on term deposits have fallen to around 6%. Although private […]
The financial lives of older people have been affected by the coronavirus outbreak and the lockdown that followed, as they typically manage their investments through visits to banks or post offices. Best investment options for seniors during the coronavirus pandemic: The financial lives of older people have been affected by the coronavirus outbreak and the […]
A person aged 60 and over can open a SCSS account with SBI. The State Bank of India (SBI) offers the opportunity to open a Seniors Savings Scheme (SCSS) – an investment avenue that helps generate wealth for a successful retirement life. According to the SBI-sbi.co.in website, a depositor can open the SCSS account either […]
Elderly Savings Program (SCSS) offered by India Post or Post Department and State Bank of India (SBI) Elderly Fixed Deposit Accounts (FD) are some of the investment options available for the elderly. The Senior Savings Plan (SCSS) can be opened by a natural person aged 60 or over. A person aged 55 or over but […]
Postal savings: The Caisse d’Epargne Senior (SCSS) account has a maturity of 5 years. In the provisional budget for 2019-2020, the government proposed to raise the threshold for withholding tax (TDS) on interest received on bank and postal deposits from Rs 10,000 to Rs 40,000. With this announcement , depositors are likely to save more […]
For a fiscal year, the minimum deposit amount is Rs. 5,000 under SBI’s Flexi deposit program. The State Bank of India (SBI) offers various deposit systems as part of its personal banking book. SBI’s 2006 Tax Savings Program offers tax benefits of up to Rs. 1.5 lakh under Section 80C of the Income Tax Act […]