Protection against inflation: The Savings Bank account does not protect against inflation, which means that the account does not provide real-time compensation even when inflation is higher than Savings Bank account interest rate.
Warranty-bail: In the savings bank account, first Rs. Interest rates are up to 1 lakh balances. These rates vary according to the bank because the Reserve Bank of India has unregulated Savings Bank Deposit rates on October 25, 2011. Banks are now free to determine the interest rate on the savings bank account balance, which is about Rs. Should be equal to one lakh for all accounts but may be different in higher balances.
Liquidity: The Savings Bank account has high liquidity and the person can withdraw cash from the account during banking hours. Today, most banks offer an Automated Retailer Machine (ATM) to the Savings Holder. ATMs allow the maximum amount of money allowed once in 24 hours, which is different in each bank and is based on the type of account. While real-time gross settlement (RTGS) facility payments payments are possible from 9.00 to 4:30 during weekends, as on Saturday 9.00 to 1.30 possible.
BREAKING NEWS :- The bank’s time of June from 9.30 to 5.30 will be on every Saturday CLOSE.
Exit Options: You can close the bank account at any time during banking hours on any given day.
Other risks: Rs. There is a risk if the bank gets liquidated on the balance of interest, with interest above Rs 1 lakh.
Tax Impact: Rs. Interest up to Rs 10,000 per year is tax-free. The amount of interest above this limit is considered as income and it is taxed as well. The interest received is taxable under the head ‘Income from Other Sources’.
New Delhi: People are very important news. If you do not have a bank account then open it and deposit one thousand rupees per month. That will give you financial advantage. Since January 2014, Prime Minister Modi has started the Sukanya Sanchini Yojana under Beti Padwa campaign to save Beti. Under this plan you can give your daughter a beautiful future.
PM Modi’s Sukanya rich project started on December 4, 2014. This is a long term debt scheme. In which any person can open an account from birth to 10 years of age. This account is opened in a bank or post. This account continues till the age of 21 in the child.
A thousand rupees should be opened while opening the account. It is deposited in cash, check or draft. This scheme provides financial support to the family from the birth of a child to the marriage. This scheme has been started keeping in mind the reduced number of children.
In order to open an account, the birth certificate of the child is required, the applicant’s identity card and residence certificate is required. This account can be opened in the bank authorized by the post office and central government. Deposits to be deposited in this account during one thousand to one and a half lakh years. If any reason can not be deposited in that year, then the amount can be deposited in the next year. But along with the penalties you have to pay 50 rupees.
Money is to be deposited for 14 years of opening the account. If the child is 21 years old, you will be stopped. The child becomes 21 years of age and the account becomes maturity. But in the 18-year-old child’s study, 50 percent of the money can be taken for the study. www.happytohelptech.in There is no income tax on the amount matched on maturity. Interest rates vary from year to year. A separate account of each child can be opened.