The Post Office Time Deposit Scheme is a government-backed savings scheme that offers guaranteed returns on investment. The scheme provides four different types of accounts with varying maturity dates, from one year to five years. Interest rates on post office time deposits are currently 6.90% to 7.50% per annum, depending on the tenure of the deposit. One of the key … [Read more...] about Post Office Time Deposit Scheme: Interest Rate, Features, Tax Benefits | Is It A Good Investment?
Recurring deposit
How To Select The “Best Bank” In India? What Are The Factors Someone Should Consider?
When someone asks me to suggest the "best bank" - I usually say I can't! It is because, everyone's purpose of choosing a bank differs. For some, having advanced technical features would be a plus. For the others, the same thing could be a minus! Some would prefer good, and respectful customer service. So it really comes down to one's own preference. There are many … [Read more...] about How To Select The “Best Bank” In India? What Are The Factors Someone Should Consider?
Post Office RD Vs SBI RD – Which Is Better? Comparison Of Interest Rates And Other Features
When it comes to investing and saving money, Fixed Deposits (FDs) and Recurring Deposits (RDs), still stand as two of the most common modes of deposits. When you have a lump sum of money with you and if you want to deposit that amount of money for a good interest FD is a good choice. On the other hand, when you don't have a lump sum amount, but when you want to develop … [Read more...] about Post Office RD Vs SBI RD – Which Is Better? Comparison Of Interest Rates And Other Features
What are the types of Bank Accounts in India (Features and benefits)
We are more and more into digital transactions. We want comfort. More than going to the bank physically, we all prefer some sort of digital option to perform certain banking tasks. Banks are improvising in this direction and hence most banks have their official apps so customers can use them to perform basic banking tasks. In addition, having a bank account has become … [Read more...] about What are the types of Bank Accounts in India (Features and benefits)