OPEN BANK FD IN NAME OF MINOR
Demat account for minors: How to open with Zerodha, other brokers? Check documents required, other details
Teaching minors about stock markets, demat accounts, and investment strategies is crucial for financial discipline and smart money management.
What is the latest SBI Sarvottam FD interest rate for May 2024, after State Bank of India hiked FD rates
SBI Sarvottam term deposits were launched last year. Depositors will receive higher interest rates than conventional fixed deposits under this FD scheme.
HDFC Bank net banking, mobile banking, UPI will be down during this time
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 been impacted
Punjab National Bank (PNB) to close these bank accounts: Is your account affected? Check here to find out
Punjab National Bank (PNB) has decided to close accounts where there has been no operation by the customer for the last three years and there is no balance in these accounts.
Earn up to 9.50% interest rate: Senior Citizen Saving Scheme (SCSS) vs FD; interest rates, tax benefits, deposit limit compared
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.
How to invest in mutual fund for minor kid? Edelweiss MF CEO Radhika Gupta shares five tips for parents
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 views, with users engaging on managing minor investments online. Despite challenges, optimism prevails, reflecting growing interest in financial planning for the younger generation.
Top 6 investment options for women in India
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 financial goals and secure their future.
ICICI Bank customer accuses manager of stealing Rs 16 crore from her FDs. Bank responds
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.
Process to open a minor’s demat account
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.
Latest Sovereign Gold Bond tranche, new IMPS, NPS withdrawal rules: 6 money changes in February 2024
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.
Up to 7.6% FD rate: Bank of Baroda introduces new short term fixed deposit with higher interest rate
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.
How to open ICICI Bank PPF account online? Get Step by Step process
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.
Tax-saving fixed deposits with up to 7% interest rate: Top banks offering best rates on tax-saving FDs
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
Sensex, Nifty open with minor gains amid pressure in financial stocks
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 Finance, Infosys, Divi's Laboratories and Tata Consumer Products were among the top laggards.
How to open a demat account for minors, documents required and other things to keep in mind
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 opening, but at the redemption the sale proceeds would only be credited to a minor's bank account.
How to invest in bank FD and RD in the name of minor child
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 bank. Parents will however have to give their Aadhaar, PAN or any of the officially valid documents (OVD).
Income tax implications of investing in shares, mutual funds, bank FDs in child's name
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 of a child is clubbed with the parent then a tax exemption is also given.
7 types of loans you can avail if you need funds quickly
Here are seven types of loans you can consider if you need money at short notice.
Mahila Samman Savings Certificate vs bank FDs: Which is offering higher interest rate?
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.
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