Your Money

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.

EPFO or Employees' Provident Fund Organisation is the nodal agency to monitor EPF contributions, which is shared equally between employees & employer.

If you are looking to invest your money in safe savings instruments, fixed deposits are always the best choice, say experts. Fixed deposits or FDs are secure fixed income instruments, which offer guaranteed returns.

India Post, the postal system of the country, offers several savings schemes which not only require modest contribution but also offer attractive investment return.

While IRCTC allows refund through online and offline modes in case of cancellation of a regular train ticket, no refund - or money back - is permitted in case of a confirmed Tatkal ticket. Tatkal tickets, introduced by the Railways in 1997, are meant for passengers who want to travel at a short notice.

Fixed deposit interest rates: Fixed deposits or term deposits offered by banks are popular among customers because of the simple reason that they fetch higher interest rates than other savings schemes.

A five-year tax-saving fixed deposit in State Bank of India (SBI) fetches you an interest rate of 6.75 per cent. The deadline for filing income tax returns (ITR) for assessment year 2018-19 is round the corner (July 31). If you did not make any tax-saving investments in the last fiscal, you should make some wise choices this year to invest your money in tax-saving schemes like fixed deposits for tenures of five or 10 years.

State Bank of India (SBI), ICICI Bank and HDFC Bank levy a penalty ranging from Rs 5 to Rs 600 (plus applicable taxes) for insufficient average monthly balance in a savings bank account. These charges are applicable to a regular savings bank account, which means a non-zero balance account.

If you are not in employment for a month, you may be allowed to avail 75% of the total Employees' Provident Fund standing to your credit.

Anyone with a shop of 100-300 square feet of area and the "willingness to invest Rs. 2-2.5 lakh" can apply for an Amul parlour, according to Amul's website.