Day: June 25, 2018

Overview of SBI ( State Bank Of India )Fixed Deposit…

Overview of SBI ( State Bank Of India )Fixed Deposit…

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State Bank of India (SBI) offers best Fixed Deposit (FD) rates in the industry for individuals and senior citizens. An SBI FD scheme is a best savings solution that is safe and offers guaranteed returns. SBI offers a wide range of fixed deposit schemes that gives good interest rate and flexible tenure options. Use an FD Calculator before applying for an SBI FD to know how much interest you will earn out of the investment. The highest interest rate offered on an SBI FD is 6.25% for individuals and 6.75% for senior citizens. Funds can be deposited for tenure that ranges from a minimum of 7 days to a maximum of 10 years. Fixed deposits are one among the most sought after investment schemes in India and are less risky. SBI FD rates SBI offers competitive interest rates and a range of ten...
How To Transfer EPF Money, Check Balance, Passbook Online

How To Transfer EPF Money, Check Balance, Passbook Online

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An EPF or Employees' Provident Fund account contains the money that is deducted from the salary of an individual. Because both employee and employer contribute towards EPF, it is part of the cost-to-company or CTC structure of an employee. An employee contributes 12 per cent of his or her salary towards EPF while another 12 per cent is paid for by the employer. Out of the 12 per cent paid by the employer, 8.33 per cent is invested in Employee's Pension Scheme (EPS) while the balance 3.67 per cent is invested in EPF. EPS and EPF are both run by retirement fund body EPFO (Employees' Provident Fund Organisation). If you shift from one company to another, you are required to transfer your EPF money. Here are five key things you should know if you need to transfer EPF money: 1) An EPFO
Minimum Balance You Need To Maintain: SBI, ICICI Bank, HDFC Bank Penalty Charges Compared

Minimum Balance You Need To Maintain: SBI, ICICI Bank, HDFC Bank Penalty Charges Compared

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Banking majors SBI (State Bank of India), ICICI Bank and HDFC Bank charge their customers a penalty fee for non-maintenance of the minimum stipulated balance in their savings bank accounts. This penalty fee, for failing to comply with the banks' separate monthly average balance or MAB requirements, ranges from Rs 5 to Rs 600 (excluding taxes and other charges). SBI, for example, has set a monthly average balance requirement of Rs 3,000 for customers holding a savings bank account with its metro branch. Similarly, the other two major banks have also set different minimum balance average limits, failing to meet which attracts a penalty charge. Here's a lowdown of different minimum balance requirements set by these banks and the penalty charges applicable. Minimum balance required: SBI vs ...