Your Money

SBI account for minors: The interest rate on Pehla Kadam and Pehli Udaan is similar to savings bank account. The bank offers an interest rate of 3.50 per cent per annum.

The fixed deposit accounts which have a lock-in period of five or 10 years also offer income tax benefit under Section 80C of the Income Tax Act.

SBI customers can notify unauthorised electronic transaction on toll free numbers - 1800-425-3800 and 1800-11-2211 immediately, according to SBI's website www.sbi.co.in.

Recurring Deposit (RD) is a kind of term deposit under which one needs to deposit a fixed amount at fixed interval, which generates interest income

Investment under the post office PPF account qualifies for income tax benefits under Section 80C of the Income Tax Act

Leading banks such as SBI, HDFC Bank charge a penalty from customers who fail to maintain an average monthly balance in their savings account

UIDAI Aadhaar: One of the online facilities provided by the UIDAI - the issuer of Unique Identity Number (UID) as well as Aadhaar card - enables Aadhaar holders to download a digital copy of the identification card containing the 12-digit personal identification number.

FD interest rates: Small finance banksoffer maturities comparable with those in fixed deposits in major commercial banks. However the interest rates offered by small finance banks are often higher in comparison to major commercial banks. Small finance banks, including Ujjivan, Equitas, Utkarsh, Jana and Capital, offer interest at the rate of 5-9 per cent on fixed deposits up to Rs 2 crore.

The minimum tenure for SBI Tax Savings Scheme, 2006, is five years which can go up to a maximum of 10 years, said the lender.

Aadhaar UIDAI: The address given on an Aadhaar card can be changed or updated online using an OTP-based process using the registered mobile number, according to the UIDAI's Aadhaar self-service portal. For changed in any other details fed into the UIDAI's Aadhaar database, the UID holder is required to visit an "Aadhaar Kendra" (Aadhaar centre).

To register for online services, users can download the registration form from the SBI website, retail.onlinesbi.com, said the lender.

Recurring Deposit (RD) is a kind of term deposit under which one needs to deposit a fixed amount at fixed interval, which generates interest income.

The Atal Pension scheme (APY or Atal Pension Yojana) is an unorganised sector-focused pension scheme which offers a fixed, guaranteed minimum monthly pension to subscribers. The subscriber can opt for one of the five monthly pension options: Rs 1,000, Rs 2,000, Rs 3,000, Rs 4,000 and Rs 5,000 under the APY scheme. Individuals between 18 and 40 years of age are eligible to set up an Atal Pension account.

SBI or State Bank of India has put in place a set of rules, which determine the average monthly balance (AMB) required in the savings account. SBI requires its savings account customers to maintain a particular average monthly balance - which is an average of the daily balances in a month - in order to avoid penalty charges.

The fixed deposit accounts which have a lock-in period of five or 10 years also offer income tax benefit under Section 80C of the Income Tax Act.