Premature Withdrawal On Term Deposits
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Banks To Allow Premature Withdrawal On Term Deposits Of Up To 1 Crore: RBI
The Reserve Bank on Thursday said banks will have to offer premature withdrawal facility on all term deposits of up to Rs 1 crore, raising the limit from Rs 15 lakh currently.
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Public Provident Fund (PPF) Accounts To Offer More Benefits: 10 Points
PPF or public provident fund is one the most popular saving schemes. Apart from higher interest rates compared to bank deposits, PPF also offers a host of income tax benefits. In terms of income tax implications,PPF enjoys an EEE - exempt, exempt, exempt - status. This means the contribution, interest and maturity proceeds are all tax-free. PPF con...
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Banks To Allow Premature Withdrawal On Term Deposits Of Up To 1 Crore: RBI
The Reserve Bank on Thursday said banks will have to offer premature withdrawal facility on all term deposits of up to Rs 1 crore, raising the limit from Rs 15 lakh currently.
-
Public Provident Fund (PPF) Accounts To Offer More Benefits: 10 Points
PPF or public provident fund is one the most popular saving schemes. Apart from higher interest rates compared to bank deposits, PPF also offers a host of income tax benefits. In terms of income tax implications,PPF enjoys an EEE - exempt, exempt, exempt - status. This means the contribution, interest and maturity proceeds are all tax-free. PPF con...
