depositing money - Rightsofemployees.com

Fixed Deposit: Bank announced! This bank is giving 8.25% interest only on FD for 18 months, see details

Pravesh Maurya — Mon, 20 Mar 2023 07:05:41 +0000

Fixed Deposit: Depositing money in Fixed Deposit (FD) is considered a safe and profitable investment. In this you get guaranteed income along with interest after a fixed period.

In such a situation, the large private sector lender IndusInd Bank (IndusInd Bank) has increased the interest rates on FDs of less than Rs 2 crore. The increased new interest rates of the bank are applicable from 18 March. Let us know the increased new FD rates of the bank.

Getting 8.25% interest here

After the increase in interest rates, the bank will give 3.50% to 7% interest to its general customers. At the same time, it will give 4% to 7.50% interest to its senior citizen customers during the same period. Apart from this, the bank will give a maximum interest of 7.75% on FDs of 1 year 6 months to 3 years 3 months to its general customers and 8.25% to its senior citizen customers.

Increased new FD rates of IndusInd Bank

After this increase in interest rates, the bank will offer 3.50% on FDs of 7 days to 30 days, 4% on FDs of 31 days to 45 days, 4.50% on FDs of 46 days to 60 days and 61 Paying 4.60% interest on FDs of 90 days from day one. On the other hand, the bank is paying 4.75% on FDs of 91 days to 120 days, 5% on FDs of 121 days to 180 days, 5.75% on FDs of 181 days to 210 days and 5.80% on FDs of 211 days to 269 days. .

Getting 7.75% interest here,

on the other hand, the bank is giving 6% on FDs of 270 days to 354 days, 6.50% on FDs of 355 days to 364 days, 7.50% on FDs from 1 year to 1 year, less than 6 months and 1 year From 6 months to 3 years, 3 months is giving interest of 7.75% on FD. While the bank is paying interest of 7.25% on FDs above 3 years 3 months and 61 months, 7% on FDs above 62 months and 7.25% on 5 years tax saving FDs.

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SBI Branch Change: SBI customers can change their branch sitting at home, know step by step process

Pravesh Maurya — Tue, 06 Dec 2022 09:05:53 +0000

It is very important to have a bank account for depositing money safely or for any other work related to banking. To take advantage of banking services, it is better if your bank account is near you.

But if your bank branch is away from home due to job or any other reason and you want it in the nearest branch then it can be transferred. You can also do branch transfer of bank account online sitting at home. For example, if you have an account with the country’s largest government bank SBI, how can it be transferred to the nearest branch?

Change your SBI branch like this

Step-1: First of all visit the official website of the bank onlinesbi.com

Step-2: Click on personal banking option

Step-3: Go to name and password Step

-4: E-services tab will be visible, click here Step-

5: Go to Transfer Saving Account

Step-6: Select your account to be transferred

Step-7: Enter IFSC Code of the branch you want to transfer

Step-8: Check all the information once again, then click on confirm button Click

Step-9: OTP will come on the registered mobile number. Fill it and confirm

Step-10: Within a few days your account will be transferred to your branch

Call the helpline number for any complaint or information related to the bank

If you are an SBI customer and you have any problem related to banking services or bank account, then you can lodge a complaint by calling the toll free number of the bank. For this you have to call 1800 1234, 1800 2100, 1800 11 2211, 1800 425 3800 and 080-26599990. Also you can email your complaint to customercare@sbi.co.in and contactcentre@sbi.co.in.

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Atal Pension Yojana: With this government scheme, pension of Rs 5,000 will be arranged every month, who can take advantage?

Pravesh Maurya — Wed, 02 Nov 2022 10:29:03 +0000

Atal Pension Yojana: Atal Pension Yojana (APY), the social security scheme of the central government, has become very popular in a short time.

On depositing money in this scheme, pension is received every month after the age of 60 years. Overall, after investing in this scheme, you will not have to worry about post-retirement expenses.

Let us tell you that the Central Government started Atal Pension Yojana in May 2015. Earlier there was no scheme like Atal Pension Yojana for the people working in the unorganized sector. Any Indian citizen between the age of 18 to 40 years can register in it. Here we are telling the important things related to this scheme…

Who can be enrolled in Atal Pension Yojana?

From October 1, 2022, the central government has banned taxpayers from investing in this scheme.

Eligibility Criteria

Any Indian citizen between the age of 18 to 40 years can register in it.

To be enrolled in the scheme, the subscriber should have a savings bank account or post office account .

How to join the scheme?

Any person fulfilling the above conditions can approach the bank branch or post office to get registered in the Atal Pension scheme . This can also be done online. One must apply for a PRAN card, which is a registration under NPS , and has to fill up an APY registration form.

How much pension will a subscriber get

Under the scheme, after making a fixed contribution in the account every month, quarterly or half yearly, after retirement, a pension of Rs 1 thousand to Rs 5 thousand will be given monthly. The government is guaranteeing a lifetime pension of Rs 5000 per month i.e. Rs 60,000 per annum after the age of 60 on investing only Rs 1239 every 6 months.

According to the current rules, if at the age of 18 years, a maximum of Rs 5000 is added to the scheme for monthly pension, then you will have to pay Rs 210 every month. If the same money is given every three months, then Rs 626 will have to be given and Rs 1,239 will have to be given if given in six months. To get a pension of Rs 1,000 a month, if you invest at the age of 18, you will have to pay Rs 42 per month.

Income Tax Benefits and Purpose

Under section 80CCD of Income Tax, it gets the benefit of tax exemption.

The purpose of Atal Pension Yojana is to provide financial security for retirement to the people of the unorganized sector.

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PPF rules Change: Big news! The government made 5 big changes in PPF, Know the new rule before depositing money, otherwise…

Pravesh Maurya — Tue, 18 Oct 2022 12:05:05 +0000

PPF Calculator: If you invest for the future through PPF account, then you must know about this news. The government has also made changes in PPF after Sukanya Samriddhi Yojana (SSY). Let us tell you about 5 big changes in PPF.

You can continue your PPF account even after 15 years without depositing money. There is no obligation on you to deposit money in this. After maturity, if you want to do the extension of PPF account, then you can withdraw money only once in a financial year.

If you want to take a loan against the money deposited in the PPF account, then two years before the date of application, you can take a loan only on 25 percent of the PPF balance available in the account. For example, if you are applying on October 31, 2022, then two years before that i.e. on October 31, 2020, if you had Rs 1 lakh in your PPF account, then you can get 25 percent loan.

The interest rate on taking a loan against the amount deposited in PPF has been reduced from 2 percent to one percent. On repaying the principal amount of the loan, you are required to pay the interest in two or more installments. Interest is calculated from the 1st of every month.

To open a PPF account, instead of Form A, now Form-1 has to be submitted. For extension of PPF account after 15 years (with deposits) one year before maturity, one has to apply in Form-4 instead of Form H.

The investment in PPF account should be in multiples of Rs 50. This amount should be a minimum of Rs 500 or more in a year. The amount deposited in PPF during the entire year should not exceed Rs 1.5 lakh. You can deposit money in PPF account only once in a month.

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