Blogs: Savings & Investments

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Having more than Rs 1 lakh in a bank account?

‘Not all money, only up to ₹ 1 lakh insured in banks,’ RBI-owned subsidiary says After Reserve Bank of India (RBI) put restrictions on PMC Bank depositors, “Is my money safe with banks?, “Is keeping money in the bank in savings/deposit account akin to lending to a bank? “Why is my deposit amount not fully …

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How To Open Post Office Savings Account: Interest Rates, Tax Benefits, Other Details

How To Open Post Office Savings Account: Interest Rates, Tax Benefits, Other Details India Post, under the Department of Posts, provides a variety of banking services, besides delivering mails. It offers a regular savings account, as part of its small savings schemes portfolio. India Post pays interest at the rate of 4 per cent per …

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