Whenever individuals invest in a fixed deposit, they cannot withdraw money before maturity without charges in case of a financial emergency. Thus, there is another fixed deposit scheme called the MOD or Multi Option Deposit Scheme for such a situation....

SBI Annuity Deposit Scheme channelizes savings of a person to get regular monthly income. Investors can deposit their savings in a lump sum to get monthly income over a fixed tenure. SBI Annuity Deposit Interest Rates TenureNormal CitizensSenior Citizen7 days...

10 Different Types of Bank Accounts in India Indian banks offer multiple types of accounts for different purposes. Whether one is working, or a student, an entrepreneur, a partnership firm, or an NRI, each one has several options to choose...

In 1999, the Government of India launched a gold deposit scheme that could not gain success. But in 2015, the scheme was reintroduced as Revamped Gold Deposit Scheme (R-GDS) along with another gold scheme, the gold metal scheme, under the...

The Post Office Savings Account is a deposit scheme provided and regulated by the Post Office of India. It is backed by the Central Government of India through notification no. G.S.R. 921(E) under section 3A of the Government Savings Promotion...

What is the PNB Tax Saver FD? The PNB Tax Saver FD is a fixed deposit that is eligible for a tax deduction under Section 80C under the Income Tax Act, 1961. The FD account holder can claim a tax...

An NRO account or Non-Resident Ordinary account is a savings account or a deposit account denominated in Indian Rupee. It is opened by NRIs to manage their income in India. An NRO FD allows NRIs to invest their Indian income...

NRE FDs are a quite popular investment option available to NRIs in India. They come with an array of features and benefits. This article has covered NRE FD schemes, its features, benefits, and interest rates in detail. What is an...