As per the announcements made by SBI, there will be a cut down in the interest rates for FD accounts. Interest rates in SBI have been ever decreasing and this was announced earlier this October. As it stands, SBI is going to lower their interest rates for the savings deposit accounts right from Nov 1 as well. SBI had announced about their revised rates earlier in … [Read more...] about The money in your SBI savings account will fetch lower interest from today!
Deposit Accounts
Minor PPF Account – What You Must Know
Planning is everything in life and when it comes to parenting, you need to plan your child’s future very carefully. Well, there are multiple solutions available to this problem but none of them actually works in your favor; especially if you think about guaranteed return amount, tax benefits, etc. This is where creating a PPF account for a child might help a parent. It … [Read more...] about Minor PPF Account – What You Must Know
How form 15G/15H acts as tax saver for your interest and how to submit one?
If you are having a Fixed deposit account in SBI, then this post is for you. In your fixed deposit account, is there any tax deduction in the interest you are getting? Don't worry! Here is the solution and find out what you have to do for that. Tax deduction in deposit account (ceiling and deduction) If the interest in your deposit account is up-to INR 40000/- … [Read more...] about How form 15G/15H acts as tax saver for your interest and how to submit one?