Your Money

Major banks today, from the country's largest lender SBI to its private sector peers ICICI Bank and HDFC Bank, pay an interest rate ranging from 3.5 per cent to 7.75 per cent on fixed deposits for a period of up to five years.

SBI Zero balance account: Large banks like SBI (State Bank of India) offer modest interest rates on savings accounts, including on zero balance savings accounts. However, small finance banks like ESAF Small Finance Bank and Equitas Small Finance Bank offer interest rates up to 7 per cent on zero balance savings accounts.

State Bank of India (SBI), the largest lender of the country, has recently hiked its fixed deposit or FD interest rates across various maturities.

IRCTC - the ticketing arm of Indian Railways - allows refund through online and offline modes in case of cancellation of a regular train ticket. In case of a Tatkal ticket, no refund is permitted in case of a confirmed Tatkal ticket.

In a recurring deposit, a depositor usually makes small value remittances, say Rs.500 or Rs 1,000, at regular intervals. Unlike any other market-linked instrument, a recurring deposit allows the depositor to earn a pre-assured sum (with applicable tax deduction) without any investment risk after completion of the maturity period.

Individuals between 18 and 40 years of age can invest in Atal Pension Yojana to earn a fixed pension of Rs 1,000 per month, Rs 2,000 per month, Rs 3,000 per month, Rs 4,000 per month or Rs 5,000 per month.

Top banks such as SBI (State Bank of India), HDFC Bank, ICICI Bank and Axis Bank, charge different fees for a variety of services related to a debit card or ATM card. A debit card enables a bank customer to perform a variety of tasks, ranging from cash withdrawal at an ATM and payment at a Point of Sale (PoS) to online payment. A debit card may be issued free of cost, or against a certain charge, and/or may have an annual fee, depending on the bank and type of card.

SBI (State Bank of India) offers zero balance savings accounts, which do not require any minimum balance. Besides, it also offers savings accounts facility across its metro, urban, semi-urban and rural branches. Minimum balance requirements and penalties across all these savings accounts vary depending on branch location.

SBI offers an auto debit - also known as standing instruction - facility to enable its customers to set an amount to be deducted from their account at regular intervals towards NPS (National Pension System) contribution.

The post office (under India Post) today offers an investment return - or interest rate per annum - ranging from 4 per cent to 7.4 per cent five types of savings schemes. The types of accounts you can open at the post office today include savings account, recurring deposit account, post office time deposit (TD) account, post office monthly income scheme (MIS) and Kisan Vikas Patra (KVP), among others.

State Bank of India, the largest lender of the country, has revised its fixed deposit (FD) interest rates with effect from today.

From net banking to phone banking, the customer today can choose from a number of options.NEFT, RTGS and IMPS are three popular facilities available today. Offered by most banks across the country today, wire transfer or instant money transfer refers to a service provided by a bank wherein the user can transfer funds, or money, from one account to another through computer-based systems.

UIDAI had asked all agencies to start accepting VID from their users from June 1 this year, but recently decided to extend deadline till for banks

Top banks today offer different types of bank accounts that don't require the customer to maintain any particular minimum balance or deposit every month. State Bank of India (SBI) offers the facility of opening a zero balance account in the form of a Basic Savings Bank Deposit, Digital Savings and Insta Savings accounts. Axis Bank offers a basic saving deposit account and Axis ASAP savings account. HDFC Bank BSBD or basic savings bank deposit account is also a zero balance account.

SBI Instant Money Transfer charges: For fund transfers, SBI charges the sender with a fee of Rs. 25 per transaction.