Savings and Investments

Earn higher interest rates by investing in non-banking finance companies (NBFC) FDs that offer returns as high as 8.5 per cent

Fixed Deposit Interest Rates: Investors bet big on bank fixed deposits (FDs) mainly because the returns are assured and do not depreciate according to market-driven volatilities.

Petrol Price Diesel Price Hike: By using the Citibank Indian oil card, the customer is entitled to receive four turbo points on every fuel purchase of Rs 150

Public Provident Fund (PPF) is long-term investment option, which offers attractive interest rates and returns fully exempt from income tax.

Saving schemes: Recurring deposits, post office monthly investment scheme, KVPs and systematic investment plans are some such investment options.

SBI Savings plus: The minimum amount that one requires in the savings bank account is Rs 35,000 and beyond that a minimum of Rs 10,000 will be transferred to the multi-option deposit (MOD).

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.