Regional Rural Banks (RRB) in India offer Gramin FDs to citizens of India. These banks are established by the Government of India to develop the rural economy by catering to their basic banking needs. There are 56 RRBs that offer...

State bank of India offers SBI fixed deposit scheme named as Sarvottam FD is a non-callable term deposit offering a higher interest rate. The Sarvottam deposit scheme doesn't allow premature withdrawals. NameSBI Sarvottam FD SchemeMinimum Deposit AmountRs. 15 LakhsMaximum Deposit...

Employee Pension Scheme (EPS) is a mandatory savings scheme for employees whose basic salary plus Dearness Allowance (DA) is up to INR 15,000. The maximum EPS contribution by the employer is 8.3% of basic salary + DA. EPS offers a...

Certain public and private sector companies have their own PF trusts to manage employee contributions. These companies manage the contributions instead of sending them to the EPFO. Such companies are known as Exempted PF Trusts. Exempted PF Trust Contributions In...

The Senior Citizen Savings Scheme (SCSS) was introduced by the Government of India in 2004 with the objective of providing financial security to senior citizens. While the Senior Citizen Savings Scheme offers a high rate of interest and tax benefits,...

A Voluntary Provident Fund (VPF) is a regular provident fund plan in which a depositor can choose how much he wants to contribute to the fund on a regular basis. VPF has a five year lock-in period. The National Pension...

Indian Post offers a plethora of investment and savings schemes for a variety of investors, including individuals, a girl child. All the Post office investment schemes guarantee returns as the Government of India backs it. Moreover, few the post office...

Employee Provident Fund is a compulsory saving plus retirement scheme. EPF comprises of two contributions: Employee's Contribution and Employer's Contribution. Employees must contribute 12% of their basic pay every month towards the EPF account as per the EPF norms. The...