OPEN BANK FD IN NAME OF MINOR

Teaching minors about stock markets, demat accounts, and investment strategies is crucial for financial discipline and smart money management.

SBI Sarvottam term deposits were launched last year. Depositors will receive higher interest rates than conventional fixed deposits under this FD scheme.

HDFC Bank has informed its customers that net banking, mobile banking will not be working on May 25 for a certain period of time. HDFC Bank customers were informed about scheduled maintenance work being done due to which below services would have be...

SCSS vs. FD: Here, we have compared the interest rates offered by the Senior Citizens Savings Scheme (SCSS) and bank fixed deposit rates with 5-year tenure for senior citizens and other important features.

Radhika Gupta, CEO of Edelweiss Mutual Fund, has shared tips on investing for minors. Her insights sparked discussions, addressing common concerns like obtaining a PAN and opening a bank account for minors. Gupta's post has garnered over 1.6 lakh vi...

An increasing number of women in India are entering the workforce and seeking financial autonomy. They have various investment options, including PPF, mutual funds, NPS, fixed deposits, NSC, and Mahila Samman Savings Certificate, to achieve their fi...

A Gurgaon woman accuses an ICICI Bank manager, reported by BBC, of embezzling Rs 16 crore from her life savings. The manager created fake accounts, forged signatures, and manipulated transactions, leading to a police investigation.

There are no minimum age criteria for opening a demat account in the name of the minor. However, it needs to be opened with a parent or guardian.

Here's a look at some of the major changes including NPS partial withdrawal, IMPS new update, SBI home loan campaign offer, Punjab and Sindh Bank’s special FD deadline, latest SGB tranche and more.

The new rates are applicable on deposits below Rs 2 crore and effective from January 15, 2024. The bank had previously hiked interest rates in certain tenures on December 29, 2023.

The PPF due to the benefits of tax savings, returns, and safety, the program has now become one of the most popular long-term savings schemes.

This tax-saving option is available for those who opt for the old tax regime. Here are top banks tax saving FD interest rates as on January 10, 2024

The market breadth was skewed in favour of the bulls with 30 stocks trading in the green. Bharat Petroleum Corporation (BPCL), Eicher Motors, Titan Company, Adani Ports and ONGC were among the top gainers while Tata Consultancy Services (TCS), Bajaj...

A parent can choose to open a demat account in the name of their minor son or daughter in order to gift them various securities like shares, etc. However it must be noted that although parents can give their own bank account at the time of account o...

A parent can open a bank account in the name of their minor son or daughter in order to invest in fixed deposits (FD), recurring deposits (RD) or others. The process is easy and requires the minor's birth certificate or Aadhaar, depending upon the b...

Investments in the name of minor childrens for future expenses like college education, marriage, others can be done in many instruments including shares, mutual funds, bank fixed deposit (FD), post office schemes among others. Further if the income ...

Here are seven types of loans you can consider if you need money at short notice.

Investors can consider investing in this scheme by investing for a mother or wife or girl child. Compared to many other small savings vehicles, this may be an excellent choice for women wanting high safety and a shorter term of locking in money.

There are thousands of crores of unclaimed money in our country's banks. These are accounts where the bank holder put money and then died, leaving the money with the bank because no nominee was filed against his account/investment.