Your Money

Regulator PFRDA or Pension Fund Regulatory and Development Authority, which administers the Atal pension scheme, allows persons between 18 and 40 years of age to invest their money in the plan to earn a fixed income after attaining the age of 60 years, according to its website - pfrda.org.in. The contribution required to earn a fixed pension of Rs 1,000-5,000 per month on maturity ranges from Rs 42 to Rs 1,454 per month, depending on the age of subscriber.

Kisan Vikas Patra (KVP) is one among nine small savings schemes offered by India Post. Investment in KVP at present fetches a return of 7.7 per cent. Interest on money deposited in the KVP account is compounded on an annual basis. The annual return of 7.7 per cent on the KVP small savings scheme is applicable for the quarter ending December 31, 2018, according to India Post's website - indiapost.gov.in. Money invested in Kisan Vikas Patra doubles in a period of 112 months (nine years and four months), according to India Post, which has a network of more than 1.5 lakh post offices in the country.

Most of the leading banks have fixed their AMB according to the location of a customer's account in urban, metro, semi-urban and rural areas.

NPS enables the subscriber to adjust allocation to different asset classes, such as equity market instruments, government securities and other fixed income instruments.

SBI customers - holding one or more bank accounts with the bank - can prepare a PPF application form online through the lender's internet banking portal, onlineSBI.com, by providingdetails such as branch code and names of nominees, according tothe bank.

The subsequent deposits in a Sukanya Samriddhi account should be made in multiple of Rs 100, said India Post.

Consider this: on deposits below Rs 1 crore, the largest lender of the country, State Bank of India (SBI), offers 6.8 per cent interest for a tenure of one year to less than two years. Jana Small Finance Bank offers 8.5 per cent for 181-365 days.

The minimum amount required for opening National savings certificates (NSCs) account is Rs 100 in multiples of Rs 100, according to India Post.

SBI's small account with zero balance requirement: SBI's small account can be opened by anyone who does not have valid know-your-customer (KYC) documents, provided he is above 18 years of age.

From a fixed deposit, the money can only be withdrawn only after the term has ended or by giving a predetermined number of days notice.

The post office 5-year recurring deposit (RD) account can be continued for another five years on a year-to-year basis.

Besides the facility of zero balance, BSBDA offers a free debit-cum-ATM card and a passbook without any charge. However, withdrawals from this account are limited as mandated by the RBI.

SBI internet banking customers are not required to visit a bank branch to feed their PAN card details into their internet banking profile. State Bank of India provides internet banking facilities to its retail customers through its portal,onlinesbi.com. SBI customer is required to log in to the bank's internet banking portal in order to register the PAN details. PAN is a 10-character alphanumeric identification number assigned to assessees by the Income Tax Department. This number is printed on the PAN card, issued to the assessee.

SBI FD Interest Rate: Premature withdrawal is allowed in SBI's multi option deposit account. Rules of premature withdrawal of a fixed deposit (FD) account are applicable on the multi option deposit account, said SBI.

The government subsidises 12 LPG cylinders of 14.2 kilograms each per household in a year. It provides the subsidy amount directly in the consumer's bank account.