Savings and Investments

Fixed deposit, a popular savings instrument offered by banks like State Bank of India (SBI), assures of a fixed interest rate on customers' investments.

Investors can claim a maximum of Rs 1.5 lakh as tax benefit through tax-saving fixed deposits (FDs), under Section 80C of the Income Tax Act.

If you invest in Sukanya Samriddhi Yojana on or before the 10th of month, you will be entitled to receive interest for the entire month

A Systematic Withdrawal Plan is a scheduled investment plan, used in retirement or otherwise.

Small saving schemes' interest rates for the quarter ending June have been kept the same as March quarter.

Investment of up to Rs 1,50,000 in PPF account deposits per year ensures tax deduction under Section 80C.

CCEA yesterday approved payment for the entire 12% contribution for first three years for new staff.

SBI's ASBA is a supplementary process for applying in public issues. ASBA facility can be used for IPO, FPO, Rights Issues, and Debt Issues

Bank fixed deposits (FDs) are hugely popular among investors who need secure returns.

If you want to save on income tax during FY18, you may consider investing in small savings schemes offered by post offices like RD, PPF, SCSS, MIS, KVP, NSC.

National Pension System (NPS) Account can be subscribed to by any citizen- resident or non-resident, between the ages of 18 years and 60 years.

Public Provident Fund (PPF) is a small savings scheme that offers decent investment returns along with income tax benefits. The interest rate on PPF is decided by the central government every quarter. The current interest rate offered on PPF for the quarter ended March 31 is 7.6 per cent. March 31 is just round the corner and investing in PPF might help you guarantee some tax benefits for FY18. In fact, State Bank of India (SBI) offers the facility of investing in PPF accounts.

Public Provident Fund (PPF) is popular among subscribers because of assured returns and most importantly its special exemption status of EEE (exempt, exempt, exempt). Since the lock-in period of PPF accounts is 15 years, the safety of your investment is guaranteed. Investments in PPF accounts are safe all the more because the government backs them. Investors also get the benefit of loan facility and partial withdrawal on PPF accounts. Interest rates on PPF accounts are decided every quarter by the government.

EPFO has relaxed conditions for submitting life certificates, including for online submissions.

The Sovereign Gold Bond offers an alternative to owning gold in the physical form and eliminates the risk of storage.