Savings and Investments

NBFCs offer a far higher rate of interest, upto 8.25 per cent, far ahead of State Bank of India (SBI) FD rates

After State Bank of India (SBI) revised its fixed deposit (FD) interest rates, private peers ICICI Bank and HDFC Bank etc.,have also followed suit.

Post offices offer the option of opening fixed deposit (FD) accounts, public provident funds (PPF) and Kisan Vikas Patra (KVP).

India Post offers nine saving schemes, which help customers earn attractive interest rates.

PFRDA allows the National Pension System (NPS) subscribers to choose the mode of investment depending on their risk appetite. The NPS withdrawals are allowed according to the rules meant for specific purposes such as critical illness and children's marriage etc

The Employee's Provident Fund (EPF) interest rate at 8.55% for fiscal 2017-18 is to be credited soon.

SBI recently revised its fixed deposit (FD) interest rates. The interest rates on its recurring deposits are the same as those on its fixed deposits. Post offices also offer the option of opening an RD.

SBI (State Bank of India) offers an interest rate at the rate of 3.5 percent on its savings account that have the balance upto Rs one crore, and 4 per cent on the balance above Rs 1 crore

State Bank of India (SBI) public provident fund scheme is one of the most popular small savings scheme. The SBI PPF scheme enables the subscribers to save income tax as it allows the deduction from taxable income under the section 80C of the Income Tax (I-T) Act, while also offering handsome returns. The current interest rate (effective from January 1, 2018) is 7.6 percent per annum. The PPF account holders can invest up to Rs 1.5 lakh in a financial year, while the minimum deposit required is Rs 500. Deposits can be made in lump-sum or in 12 instalments. The tenure of PPF is 15 years. Afterwards, the PPF can be extended for one or more blocks of five years each on application by the subscriber.

The SBI FD interest rates continue to stay under 7 per cent, the small finance pay a far higher interest rates, surpassing the SBI rates by as much as 225 basis points

State Bank of India's one-year MCLR, two-year MCLR and three-year MCLR have been raised to 8.25 per cent, 8.35 per cent and 8.45 per cent.

Axis Bank has revised its fixed deposit (FD) interest rates with effect from June 1, 2018, following in the foot steps of State Bank of India (SBI).

Provident Fund (PF) balance can be known via EPFO's website, SMS and missed call facilities, and through Umang app.

Fixed deposits (FDs) require people to deposit money in one go while recurring deposits (RDs) enable people to build on savings via monthly deposits.

The income tax return 1 is meant for individuals having income from salaries, one house properly, other sources (interest etc) and having total income upto Rs. 50 lakh