SBI, one of the largest banks in India, backs its schemes with decades of strong returns and consistent performance. It offers a diverse range of deposit schemes to support both long and short-term investment goals. One such option is the SBI Recurring Deposit. SBI RD rates depend on your age and the tenure you pick. …
Mutual funds are super popular in India right now and it’s easy to see why. With over 10 crore people investing and total assets crossing ₹67 lakh crore in early 2025, they’re no longer just for finance experts. But here’s something important to remember: investing is just the first step. If you’re not keeping an …
Scheduled banks are listed under the RBI Act. They have to meet financial norms. This makes scheduled banks more reliable. On the hand non-scheduled banks are not listed. They do not have to follow as rules. Have you ever thought about what makes one bank better than another bank? Why are some banks called scheduled banks and others are called scheduled banks? This is …
Fixed Deposits (FDs) are one of the safest and most reliable investment choices for Indian savers. Whether building an emergency fund, planning retirement, or looking for secure growth, FDs offer peace of mind with fixed returns and minimal risk. But here’s the thing: not all FDs are the same. Various fixed deposit types serve different …
A PAN card is a unique ID given by the Income Tax Department that helps track your financial activity in one place. You might have seen messages asking you to link your PAN with your bank account. This is required, as it basically connects your income, taxes and major transactions to a single record. So …
Need a safe place to store your valuables? A bank locker facility is the perfect solution. It offers a secure, protected space within the bank designed to store everything from important documents to precious jewellery. While most nationalised and private banks provide this service, the features and charges may vary. Read on to understand how …
Online transactions are now the new norm. This is particularly so for younger generations who are technologically savvy. Nevertheless, paper-based transactions such as cash deposits remain a common banking practice. Cash deposit slips must be completed when you make a physical cash deposit into an account. It is for this reason that you should know …
Cheques and demand drafts (DDs) are traditional banking instruments used to make payments in India. Although both can transfer money without using cash, they work differently. A cheque is issued by an account holder and depends on the availability of funds in that account, while a demand draft is issued by a bank after receiving …
UPI has made sending money easier than ever. With just a few clicks, you can pay friends, shop online or settle bills instantly. But in all that speed, mistakes can happen. You might end up sending money to the wrong person by accident. But don’t worry, such mistakes are more common than you might think. …
You can close your bank account, be it savings or current in a very few simple steps. Closing a bank account isn’t something we do often. However, knowing how to go about it can help when you’re planning to. Whether you’re switching banks, moving cities or just don’t need the account anymore, the process is …
