[{"name":"all","articles":[{"_id":"673c6d0ee1a04c2f99f1ebd3","title":"Exploring Bank of Baroda FD Interest Rates for 2024","slug":"/blog/fixed-deposit/bank-of-baroda-fixed-deposit-rates-2024","createdAt":"2024-04-16T00:00:00.000Z","modifiedAt":"2025-02-02T00:05:18.333Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/ZizHDUm3GdQX16gwFCGArb7FMD0.jpg","imageAltText":"fixed-deposit-image","summary":"The blog details Bank of Baroda's extensive fixed deposit offerings, covering multiple schemes like tax savings, monthly income, and specialized products for NRIs. It explains eligibility criteria, required documents, account opening steps via internet, mobile app, or branch, and the policy for premature withdrawals. The article caters to diverse depositor needs.","readTime":"6 Mins","author":"Team Pluto","category":"fixed-deposit","mainContent":"

Bank of Baroda (BOB)

stands as a leading Indian nationalized bank, offering a vast array of banking and financial services, notably its Fixed Deposits (FDs). These FDs are popular among customers who wish to secure their savings over specified durations by making an initial lump sum deposit, earning higher interest rates compared to regular savings accounts. The interest rates vary based on the chosen tenure.

Key Features and Benefits of Bank of Baroda Fixed Deposits

Senior Citizen Bonus: Additional 0.50% p.a. interest for senior citizens.
Minimum Investment: FD initiation from Rs 10,000.
Nomination Facility: Protects beneficiaries' interests.
Loan Facilities: Avail up to 90% of your FD’s value.
Interest Payment: Paid upon maturity.
Diverse Schemes: Includes Baroda Double Dhamaka, Suvidha, and Tax Savings options.

Bank of Baroda FD Interest Rates 2024

Tenure	Interest Rates (PA)	For Seniors (PA)
7 - 14 days	4.3%	4.8%
15 days - 1m 15d	4.5%	5%
1m 16d - 2m 29d	5.5%	6%
3m - 5m 27d	5.6%	6.1%
5m 28d - 6m 27d	5.75%	6.25%
6m 28d - 8m 26d	6.15%	6.65%
8m 27d - 11m 25d	6.25%	6.75%
11m 26d - 11m 26d	7.1%	7.6%
11m 27d - 11m 30d	6.25%	6.75%
1y - 1y 1m 3d	6.85%	7.35%
1y 1m 4d - 1y 1m 4d	7.15%	7.65%
1y 1m 5d - 2y	6.85%	7.35%

Types of Bank of Baroda FD Schemes

Baroda Tax Savings Term Deposit Account

Investment Benefits: Tax deduction under Section 80C.
Options: RIRD (cumulative), MIP (monthly), QIP (quarterly).
Duration: 5 to 10 years.
Deposit Limits: Minimum Rs. 100, maximum Rs. 1.5 lakh annually.
Interest: Additional 0.50% p.a. for seniors; benefits for staff.
Withdrawals: Post 5 years at reduced rates.

Baroda Suvidha Flexible Fixed Deposit Scheme

Duration: 1 to 5 years.
Limits: Minimum Rs. 5,000; no upper limit; minors up to Rs. 1 lakh.
Interest: Additional benefits for seniors and staff.
Flexibility: Overdraft facilities.
Premature Withdrawal: Conditions apply.

Monthly Income Plan (MIP)

Duration: 1 to 10 years.
Limits: Minimum Rs. 1,000, no cap; minors up to Rs. 1 lakh.
Interest: Additional payouts for seniors and staff.
Income: Monthly payouts assured.
Security: Acceptable for government securities.

Quarterly Income Plan (QIP)

Duration: 1 to 10 years.
Limits: Minimum Rs. 1,000, no upper cap.
Income: Guaranteed quarterly returns.
Flexibility: Overdraft up to 95% balance.
Early Closure: Conditions and penalties apply.

Motor Accident Claims Annuity Deposit (MACAD)

Tenure: 3 years and above, as per court.
Limits: Based on annuity, no maximum cap.
Purpose: Facilitates court-awarded claims.
Early Closure: Criteria-based, penalty-free.

Capital Gain Account Scheme (CGAS), 1988

Purpose: Preserve long-term gains for tax deferment.
Accounts: Type A (saving/current), Type B (TDR/STDR).
Tenure: Varies by gain type.
Limits: Minimum Rs. 1,000, no max.
Rates: Bank-determined, non-preferential.
Premature Exit: No penalty options.

Baroda Advantage Fixed Deposits (Non-Callable)

Target: Higher interest for Rs. 15 lakhs+ deposits, with no early withdrawal.
Duration: 1 to 10 years.
Limits: Minimum Rs. 15 lakhs, no max; minors Rs. 1 lakh.
Interest: Preferential rates, 0.50% p.a. more for seniors.
Payout Options: RIRD, MIP, QIP.
Loan/Overdraft: Up to 85% of the deposit balance.
Early Termination: Allowed in case of depositor's death.

NRO Non-Callable FD

Available for NRO accounts with benefits and restrictions similar to non-callable FDs.

NRE Rupee Fixed Deposits

Purpose: For NRIs to convert foreign earnings to INR.
Duration: 1 to 10 years.
Interest: Cumulative deposits with quarterly payout.
Early Closure: After 1 year, penalties apply.

NRO Rupee Fixed Deposits

Tax: 30.90% withholding tax, surcharges apply.
Loan/Overdraft: Facilities available.
Interest: Paid quarterly.

Resident Foreign Currency Accounts

Purpose: Allow returning NRIs to retain foreign currency deposits.
Duration: 1 to 5 years.
Rates: Comparable to FCNR rates.
Early Withdrawal: No interest if withdrawn before 1 year.

Rupee Linked Foreign Currency Deposit Scheme

Tenure: 1, 2, or 3 years.
Limits: Minimum USD 10,000 or equivalent.
Payout: On maturity, includes principal; forward contracts possible.
Early Termination: May void forward contracts, resulting in losses.

Foreign Currency Linked Rupee Deposits (FCLRD) Scheme

Combines NRE and FCNR benefits while minimizing currency exchange risks.

Foreign Currency Non-Resident B Term Deposit Scheme

Benefit: Maturity proceeds in foreign currency, tax-exempt.
Tenure: 1 to 5 years.
Payout: Half-yearly; no interest if closed before the first year.

This extensive selection of FD schemes from Bank of Baroda caters to diverse depositor needs, enabling tax savings, income generation, and offers flexibility for both residents and NRIs.

Steps to Open a Fixed Deposit Account at Bank of Baroda

FD accounts can be created using the Bank of Baroda Mobile App, Internet Banking, or through a branch visit.

1) Internet Banking:

Log in to your BOB NetBanking account.
Select ‘Open Fixed Deposit’.
Fill the necessary fields and submit.

2) Mobile App - Bank of Baroda App:

Download and log into the app.
Select ‘Open Fixed Deposit’.
Enter required details and confirm.

3) Offline - Branch Visit:

Go to the nearest branch.
Submit the filled FD application form with necessary documents and deposit.
Receive the FD receipt upon processing.

Eligibility Criteria for Fixed Deposits at Bank of Baroda

Individuals, minors, HUFs, trusts, clubs, and others can initiate an FD with a minimum of Rs 5000, with no upper limit.

Required Documents for Bank of Baroda FDs

Identity Proof: PAN, Driving License, Passport, etc.
Address Proof: Utility bills, Passport, Bank statement, etc.

Policy for Premature Withdrawal

FDs, except tax-saving options, allow early withdrawal. No penalty applies for amounts ≤ Rs. 5 lakhs held over 12 months; larger withdrawals may incur penalties.

","faqs":"

How can I open a Bank of Baroda fixed deposit account online?

You can initiate your FD account via BOB NetBanking or the Bank of Baroda Mobile App by completing the simple online registration steps.

Are there special benefits for senior citizens in these FD schemes?

Yes, many FD products offer an additional interest bonus of 0.50% per annum for senior citizens.

Can I secure a loan against my fixed deposit at Bank of Baroda?

Indeed, Bank of Baroda offers loan facilities up to a significant percentage of your FD’s value, depending on the scheme.

What is the process for premature withdrawal of an FD?

You can withdraw your FD early either at a branch or online, with no penalty for amounts up to Rs. 5 lakhs held over 12 months.

What documents are required to open an FD account?

You will need basic identity and address proofs such as PAN, passport, or driving license, along with a utility bill.

","glossaryKeywords":["bank of baroda fixed deposit rates-2024"],"framerCategory":"fixed-deposit","followUp":["What security measures does Bank of Baroda implement to safeguard FD investments?","How are the FD interest rates structured for different tenures at Bank of Baroda?","What should I do if I encounter issues during the online FD account opening process?","Are there any hidden fees or charges associated with premature withdrawals of Bank of Baroda FDs?","How does Bank of Baroda integrate digital tools to enhance customer experience in managing fixed deposits?"],"meta":{"description":"Explore Bank of Baroda's diverse fixed deposit schemes offering competitive rates, flexible tenures, senior citizen bonuses, and convenient online/offline account opening."},"keyTakeaways":["Diverse FD schemes for varied depositor needs.","Attractive interest rates with senior citizen bonuses.","Multiple account opening channels: online, mobile, and branch.","Special plans include tax savings, income plans, and NRI specific options.","Clear eligibility criteria and documentation requirements."],"recentPosts":["673c6d0ee1a04c2f99f1ebcd","673c6d0ee1a04c2f99f1ea7b","673c6d0ee1a04c2f99f1ebd0","673c6d0ee1a04c2f99f1ead6","673c6d0ee1a04c2f99f1ebcf"]},{"_id":"673c6d0be1a04c2f99f1e896","title":"Why Possession Letters Aren't Enough in Real Estate","slug":"/blog/possession-letter-sample-format","createdAt":"2024-03-21T00:00:00.000Z","modifiedAt":"2025-02-02T01:44:28.387Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/LFf8PVnkHID7VXpR4UyJxvhoPo.jpg","imageAltText":"blog-image","summary":"The significance of possession letters in real estate transactions cannot\nbe understated. This legal document , provided by the developer, indicates\nthe transfer of property to the buyer, establishing initial property rights.","readTime":"3 Minutes","author":"Team Pluto","category":"blog","mainContent":"

The significance of possession letters in real estate transactions cannot be understated. This legal document, provided by the developer, indicates the transfer of property to the buyer, establishing initial property rights. However, possession letters do not equate to full ownership; acquiring an occupancy certificate (OC) is essential for full rights and access to necessary amenities.

Developers issue the possession letter once they acquire a completion certificate from relevant authorities, detailing the property's completion date. While indispensable for loan applications, the possession letter is not a replacement for the occupancy certificate, which confirms adherence to all construction norms and is required for legal habitation.

Even if buyers identify quality concerns upon handover, they might still have to accept the possession letter. Noting these concerns on the developer's copy, especially for issues such as substandard construction, incorrect materials, unfinished work, or delayed projects, is crucial. Conditional acceptance allows concerns to be legally documented, providing grounds to address them through legal means if necessary.

Understanding the Occupancy Certificate (OC)

An OC verifies that the property complies with all legal and construction standards. Buyers must ensure its validity before taking possession. Obtaining an OC involves the builder meeting all approved plans and passing a final inspection by zoning authorities. Without an OC, ownership remains invalid, and municipal services could be withheld.

If a developer attempts to transfer property without a valid OC, buyers can refuse and should consider avenues like consumer forums or legal actions, such as RTI applications, to determine the OC's status. Downloading a sample Possession Letter format for reference is recommended.

In conclusion, securing both a possession letter and a valid occupancy certificate is crucial for a seamless and legally recognized property ownership transfer.

","faqs":"

What is a possession letter in real estate?

A possession letter is a preliminary legal document provided by the developer indicating property handover but not full ownership.

What is the function of the occupancy certificate (OC)?

The OC confirms that a property meets legal and construction standards, making it safe for habitation and full ownership.

Why is conditional acceptance during handover important?

It allows buyers to document any quality concerns, ensuring legal recourse if issues arise after taking possession.

How is an occupancy certificate obtained?

The developer must meet approved construction standards and pass a final inspection by local authorities to secure an OC.

What should buyers do if a property lacks a valid OC?

Buyers should refuse possession and consider legal actions or consult consumer forums to address the issue.

","glossaryKeywords":[],"framerCategory":"blog","followUp":["What additional documents should buyers review during property transactions?","How can buyers verify the authenticity of possession letters and occupancy certificates?","What legal options are available if construction or quality issues are discovered after possession?","How do municipal services and property taxation relate to having a valid OC?","What role can consumer forums or RTI applications play in resolving real estate disputes?"],"meta":{"description":"Explore the significance of possession letters and occupancy certificates in real estate transactions. Learn their legal roles and steps for secure property ownership."},"recentPosts":["673c6d0be1a04c2f99f1e896","673c6d0ee1a04c2f99f1eb1f","673c6d0be1a04c2f99f1e641","673c6d0ee1a04c2f99f1ec2c","673c6d0ee1a04c2f99f1e9d8"]},{"_id":"673c6d0ee1a04c2f99f1ebd8","title":"What Are the ICICI RD Rates for 2023?","slug":"/blog/recurring-deposit/icici-bank-rd-interest-rates","createdAt":"2024-04-30T00:00:00.000Z","modifiedAt":"2025-02-02T00:07:04.589Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/X3YKohw1e5vltxviLqHivF7sA6I.jpg","imageAltText":"recurring-deposit-image","summary":"The blog details ICICI Bank's competitive Recurring Deposit (RD) schemes, offering attractive interest rates for regular and senior citizens while providing themed benefits such as vouchers for electronics, travel, and jewelry. It explains the eligibility criteria, required documents, and various methods to open an RD account both online and offline. Penalty rules for premature withdrawals and tax implications are also discussed.","readTime":"7 Mins","author":"Team Pluto","category":"recurring-deposit","mainContent":"

When considering opening a Recurring Deposit (RD) account, ICICI Bank is noteworthy for its competitive interest rates. The ICICI RD rates ensure lucrative returns upon maturity.

ICICI Bank provides two RD schemes: one for regular citizens at a 5.50% interest rate and another for senior citizens at 6.30%. The investment period ranges from 6 months to 10 years with a minimum deposit requirement of Rs. 500.

Eligibility for RD at ICICI Bank

Applicants should be Indian residents.

Required Documents

Identity Proof (choose one):

Government ID card
Senior Citizen ID card
PAN card
Passport
Voter ID card
Driving License

Address Proof (choose one):

ID card or certificate from Post Office
Bank statement with a cheque
Electricity bill
Telephone bill
Passport

Types of ICICI Bank RD Schemes

ICICI presents various RD schemes to suit different needs:

1. Delightful Deposits RD

This scheme features additional top-up benefits through partnerships in electronics, jewelry, and travel sectors, along with interest yields.

2. Croma iSave2Buy Plan

It allows account holders to make appliance purchases at Croma outlets using a gift voucher upon maturity.

3. MakeMyTrip Holiday Savings Plan

The maturity value can be redeemed as a MakeMyTrip voucher, valid for one year. Requires at least a 6-month term with Rs. 500.

4. Tanishq Jewellery Plan

Offers benefits at Tanishq, with 80% of the initial sum provided as RD interest upon maturity, valid for a year with Rs. 500 and a 6-month minimum.

5. Thomas Cook Holiday Savings

Matured sums are redeemable for trips through Thomas Cook, covering both domestic and international packages. A deposit of Rs. 500 is necessary with a six-month term.

6. iWish Recurring Deposit

An online flexible RD that offers voucher redemption at Croma, requiring a minimum six-month period and Rs. 500.

ICICI Bank RD Premature Withdrawal

Penalties apply for early withdrawals, affecting the interest on the duration held. Penalty rates are as follows:

Under 1 year: 0.50%
1 to less than 5 years: 1.00%
5 years and above: 1.00% to 1.50%

Tax Exemptions on ICICI Bank RD

If annual interest from RD and FD surpass Rs. 40,000, TDS is applicable, with Rs. 50,000 for seniors. Forms 15G/15H can help avoid tax if income is under the exemption limit.

Opening a Recurring Deposit Account in ICICI Bank

ICICI allows RD account openings through branches, internet banking, or mobile banking. For offline procedures, visit branches with required documents. For online, access the ICICI Bank website or app.

Steps via Internet Banking: Customer Service > Service Request > Deposits > Additional Info > Open Recurring Deposit.

Through Mobile Banking via the iMobile app: Accounts and Deposits > Deposits > Open FD/RD > Open RD.

Calculating Maturity Amount on ICICI Bank RD

The maturity amount includes principal and interest. Use an RD calculator or apply the formula:

A = P*(1+R/N)^(Nt)

Where R is the rate, P the principal, n the number of months, and t the time period.

Note: Ensure adherence to compliance standards like ESG and follow UIDAI guidelines.

","faqs":"

How can I open an RD account at ICICI Bank?

You can open an RD account by visiting a branch or using the online/mobile banking platform and submitting the required documents.

What are the interest rates for ICICI Bank RD schemes?

Regular citizens earn 5.50% while senior citizens receive 6.30%, with terms ranging from 6 months to 10 years.

What documents do I need to open an RD account?

You need one identity proof (like PAN, passport, voter ID) and one address proof (such as an electricity bill or bank statement).

How is the maturity amount on an ICICI RD calculated?

It is determined using the compound interest formula A = P*(1+R/N)^(Nt), reflecting the principal and accrued interest.

What penalties apply for premature withdrawal of an RD?

Penalties apply based on the term held; for instance, under 1 year incurs a 0.50% penalty while longer terms attract higher rates.

","glossaryKeywords":["icici bank rd interest rates"],"framerCategory":"recurring-deposit","followUp":["How do ICICI Bank's RD schemes compare to traditional fixed deposits?","What security measures ensure the safety of transactions in ICICI Bank RD accounts?","Can I automate my RD deposits and what troubleshooting steps are available for online processing issues?","Are there additional benefits or rewards associated with the specialized RD schemes like Delightful Deposits or MakeMyTrip Holiday Savings?","How frequently can account holders review or update their RD details through online banking?"],"meta":{"description":"Explore ICICI Bank's Recurring Deposit schemes with competitive rates and flexible terms. Learn eligibility, benefits, withdrawal penalties, and tax rules."},"keyTakeaways":["ICICI Bank offers competitive RD rates with special schemes for regular and senior citizens.","Multiple schemes provide benefits like vouchers for electronics, travel, and jewelry.","Account opening is available offline and online with specified required documents.","Premature withdrawals incur penalties and interest earnings may be subject to tax."],"recentPosts":["673c6d0ee1a04c2f99f1eacf","673c6d0ee1a04c2f99f1eae1","673c6d0ee1a04c2f99f1ea11","673c6d0ee1a04c2f99f1ebdd","673c6d0ee1a04c2f99f1eb16"]},{"_id":"673c6d0ee1a04c2f99f1ec34","title":"Exploring Income Funds: Top Mutual Fund Schemes in India","slug":"/blog/mutual-fund/income-funds","createdAt":"2024-06-13T00:00:00.000Z","modifiedAt":"2025-02-02T00:26:26.943Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/m8fLcb9YhiT3rs952iTg5JBnU.jpg","imageAltText":"mutual-fund-image","summary":"The blog post explores mutual funds as a prominent investment option in India and emphasizes the vast selection of schemes available. It highlights the necessity of a thorough, informed strategy to mitigate risks. Additionally, the article briefly examines income funds, urging investors to carefully understand scheme types before investing.","readTime":"6 Mins","author":"Team Pluto","category":"mutual-fund","mainContent":"

Mutual Funds in India

Mutual funds have emerged as a prominent investment option in India, with numerous mutual fund schemes launched to cater to a variety of investor preferences. However, the wide selection of these schemes can sometimes create confusion. To invest successfully, it's vital to devise a thorough and informed strategy that mitigates potential risks. This begins with a deep understanding of the various types of schemes available.

Income Funds

Let's explore Income Funds further, examining the different types of income funds in India, their advantages, and additional insights.

","faqs":"

What are mutual funds and how do they function?

Mutual funds pool money from numerous investors to create diversified portfolios managed by financial experts.

How can I start investing in mutual funds in India?

You can begin by selecting a scheme that aligns with your financial goals and risk tolerance, either online or through advisors.

What distinguishes income funds from other mutual fund types?

Income funds primarily invest in fixed-income securities aimed at providing regular dividends or interest income.

What are the key benefits of investing in mutual funds?

They offer diversification, professional management, liquidity, and accessible investment amounts for both novice and experienced investors.

How can I evaluate the risk associated with a mutual fund scheme?

Review the fund's prospectus, historical performance, and risk ratings, and consider market conditions before investing.

","glossaryKeywords":["income funds"],"framerCategory":"mutual-fund","followUp":["What factors should I consider when choosing the right mutual fund scheme?","How does the current market trend influence the performance of mutual funds?","What are the tax implications associated with different types of mutual fund investments?","How is diversification achieved within mutual funds to mitigate overall risk?","What additional features in mutual fund schemes can help in achieving long-term investment goals?"],"meta":{"description":"Explore India's diverse mutual funds, including income funds, and learn effective strategies to invest wisely and manage risks for lasting growth."},"keyTakeaways":["Broad variety of mutual fund schemes in India.","Importance of an informed investment strategy.","Need to understand different scheme types to mitigate risks.","Income funds receive focused attention as a key investment option."],"recentPosts":["673c6d0be1a04c2f99f1e7bc","673c6d0be1a04c2f99f1e5eb","673c6d0ee1a04c2f99f1eb27","673c6d0be1a04c2f99f1e8c1","673c6d0ee1a04c2f99f1ec31"]},{"_id":"673c6d0ee1a04c2f99f1ebd4","title":"Axis Bank FD Rates for 2024: What to Expect?","slug":"/blog/fixed-deposit/axis-bank-fixed-deposit-rates-2024","createdAt":"2024-04-16T00:00:00.000Z","modifiedAt":"2025-02-02T00:05:49.827Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/LeWuHpwAnawtB3CUyP3ymrHP0w.jpg","imageAltText":"fixed-deposit-image","summary":"Axis Bank Limited ranks as India's third-largest private sector bank that provides comprehensive banking services including retail, corporate, and international solutions. The blog focuses on its diverse fixed deposit schemes offering competitive interest rates, senior citizen benefits, and varied tenures. It explains FD types, required documents, and the process for opening deposits online or at a branch.","readTime":"6 Mins","author":"Team Pluto","category":"fixed-deposit","mainContent":"

Axis Bank Limited

Axis Bank Limited based in Mumbai, Maharashtra, ranks as India's third-largest private sector bank, offering an extensive range of banking services.

Axis Bank provides comprehensive financial solutions, including retail banking with deposits and loans, corporate services like Demat accounts, equity markets, mutual funds, and international banking services.

Axis Bank features diverse fixed deposit schemes enabling customers to allocate savings for a chosen term, ensuring both principal safety and interest earnings.

Axis Bank’s competitive interest rates on Fixed Deposits yield substantial returns, presenting a secure investment option.

A minimum deposit initiates an account, with limited access until maturity, keeping funds committed for the intended term.

Key Features of Axis Bank Fixed Deposits

Higher Interest Rates for Seniors: Seniors benefit from higher rates compared to other customers.
Nomination Option: The option to nominate a beneficiary is available.
Initial Amount Requirement: A minimum of Rs. 5,000 is needed to open an FD account.
Attractive Short-term Rates: Competitive rates are available for shorter durations.
Simplified Account Creation: Setting up an FD is straightforward and user-friendly.
Loan Facility Against FD: Loans up to 90% of the deposit value are available.
Variety of FD Schemes: A wide selection of FD schemes is offered.

Axis Bank FD Interest Rates 2024

Interest rates vary based on tenure, with favorable rates for senior citizens.

Tenure	Interest Rates (PA)	Senior Rates (PA)
7 days - 29 days	3%	3.5%
1 month - 1 month 15 days	3.5%	4%
1 month 16 days - 1 month 30 days	4.25%	4.75%
2 months - 2 months 29 days	4.5%	5%
3 months - 5 months 26 days	4.75%	5.25%
5 months 27 days - 8 months 29 days	5.75%	6.25%
8 months 30 days - 11 months 30 days	6%	6.5%
1 year - 1 year 2 months 29 days	6.7%	7.2%
1 year 3 months - 1 year 4 months 29 days	7.1%	7.6%
1 year 4 months 30 days - 1 year 5 months 29 days	7.2%	7.85%
1 year 6 months - 4 years 11 months 29 days	7.1%	7.6%
4 years 11 months 30 days - 9 years 11 months 29 days	7%	7.75%

Types of Axis Bank FD Schemes

Banks offer two primary FD types: cumulative and non-cumulative. Cumulative FDs accrue interest payable at maturity, while non-cumulative FDs pay interest regularly, typically quarterly or monthly, at slightly lower rates. Cumulative deposits compound quarterly.

Standard Fixed Deposits:

Invest for a specified period at fixed rates.
Terms range from 7 days to 10 years, generally offering more than savings accounts.

Tax Saving Fixed Deposits:

Offer tax benefits under Section 80C, allowing exemptions up to Rs. 1.5 lakh annually.
5-year lock-in without premature withdrawal, accepting only lump-sum deposits.

Special Term Deposits:

Similar to standard FDs but with higher rates for commitment to non-withdrawal.

Fixed Deposits for Regular Income:

Designed for regular payouts, providing monthly or quarterly interest.

Senior Citizen Fixed Deposits:

For individuals 60 and above, offering additional interest over standard rates with flexible tenure options.

Flexible Fixed Deposits (Flexi FDs):

Linked to savings accounts, allowing automatic fund transfers to the FD.

Corporate and Alternative Fixed Deposits:

Investments in corporations or NBFCs, potentially offering higher but unsecured returns.

Fixed Deposits for NRIs:

NRE FDs: Tax-free interest with full repatriability on foreign income. NRO FDs: Manages Indian-earned income, taxed, but fully repatriable within limits.

Long-term & Short-term Fixed Deposits:

Long-term FDs: Spanning 5 to 10 years, often providing higher returns.
Short-term FDs: Range from 7 days to 2 years, suitable for immediate financial needs.

Opening an Axis Bank Fixed Deposit

Axis Bank Fixed Deposits can be opened online via Internet Banking or by visiting a branch.

1) Online via Internet Banking:

Access Internet Banking and select 'Create Fixed Deposit'.
Fill out required details and nominate a beneficiary.
Funds get transferred upon confirmation, with a web receipt provided. FD documentation is sent via email or mail, downloadable the next business day.

2) In-Person at a Branch:

Visit Axis Bank branch and complete the FD application form.
Submit necessary documentation and deposit the required amount.
Receive an FD receipt post-successful processing.

Who Can Open a Fixed Deposit Account?

Eligible parties include:

Resident individuals, including minors.
Senior citizens and super seniors.
HUF.
Sole proprietors, partnerships, joint-stock companies, and trusts.

Documents Required

KYC documents for identity verification, such as Aadhaar, driving license, or voter ID.
PAN as required by the Income Tax Department.
Proof of address via KYC documents, passport, or utility bills.

Early Withdrawal Terms

Early withdrawals usually incur a 1% penalty, though a partial withdrawal of up to 25% is permissible without a penalty on the initial withdrawal.

","faqs":"

What is the minimum deposit to open an Axis Bank FD account?

The minimum deposit required is Rs. 5,000 to initiate an FD account.

How can I open an Axis Bank Fixed Deposit?

You can open an FD online via Internet Banking or by visiting any Axis Bank branch.

Are there specialized FD schemes for senior citizens?

Yes, senior citizens benefit from higher interest rates and exclusive FD schemes.

What documents are needed to open an FD account?

Required documents include KYC proof such as Aadhaar or voter ID, PAN, and a valid address proof.

What are the early withdrawal terms for Axis Bank FDs?

Early withdrawals incur a 1% penalty, with up to 25% allowed without penalty on the initial withdrawal.

","glossaryKeywords":[],"framerCategory":"fixed-deposit","followUp":["How do Axis Bank's flexible FD schemes integrate with savings accounts for better fund management?","What tax benefits are offered under Axis Bank’s Tax Saving Fixed Deposits?","How does Axis Bank ensure security during the online FD application process?","What factors should be considered when choosing between cumulative and non-cumulative FD options?","Can I avail loan facilities against my FD and how is the process managed at Axis Bank?"],"meta":{"description":"Explore Axis Bank Fixed Deposits: Competitive rates, flexible terms, and exclusive benefits for seniors & NRIs make saving easy and secure."},"keyTakeaways":["Offers a wide range of banking services and fixed deposit schemes.","Competitive interest rates vary by tenure with special rates for seniors.","Multiple FD types cater to different needs, including tax-saving and flexible options.","Accounts can be opened online or in-person with standard documentation requirements."],"recentPosts":["673c6d0ee1a04c2f99f1ebcd","673c6d0ee1a04c2f99f1ebd0","673c6d0ee1a04c2f99f1ebd3","673c6d0ee1a04c2f99f1ebcf","673c6d0ee1a04c2f99f1e910"]},{"_id":"673c6d0be1a04c2f99f1e54e","title":"Discover RBL Bank Holidays State-wise: Celebrations 2023","slug":"/blog/banking/rbl-bank-holiday-list-for-2024","createdAt":"2024-02-07T00:00:00.000Z","modifiedAt":"2025-02-01T15:51:36.142Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/eJNUC9jBnhHMLtsixGhaMBkb4.jpg","imageAltText":"banking-image","summary":"The blog details RBL Bank's rich tapestry of Indian culture through its state-wise public holiday calendar, showcasing celebrations rooted in religious and regional traditions. It highlights festive events across North, West, South, East, and Central India, emphasizing unity in diversity. The guide underlines how each festival fosters community spirit and reflects India's commitment to cultural inclusivity.","readTime":"15 Mins","author":"Team Pluto","category":"banking","mainContent":"

Introduction

Established in 1943, RBL Bank, headquartered in Mumbai, India, offers a comprehensive range of services across six key sectors: corporate and institutional banking, commercial banking, branch and business banking, retail assets, development banking and financial inclusion, and treasury and financial market operations. The diverse cultural tapestry of India is reflected in its expansive public holiday schedule, celebrating its cultural richness and heritage. This guide explores the Indian state-wise public holiday calendar, capturing the essence of these celebrations.

India's public holiday calendar showcases its secular character by celebrating traditions from Hindu, Muslim, Sikh, Christian, and other backgrounds. Each state presents unique festivities, contributing to a vibrant cultural mosaic. Let's dive into these festival traditions.

North India: Uttar Pradesh, Bihar, and Delhi

In North India, states like Uttar Pradesh, Bihar, and Delhi observe national holidays such as Republic Day, Independence Day, and Gandhi Jayanti. Festivals like Holi, Diwali, and Dussehra reflect the Hindu cultural influence in the region. Celebrations such as Ram Navami and Janmashtami are significant in Uttar Pradesh, attracting many devotees.

West India: Maharashtra and Gujarat

The western states, Maharashtra and Gujarat, enthusiastically celebrate Navratri and Ganesh Chaturthi. Maharashtra is famous for the 10-day Ganesh festival, while Gujarat’s Navratri is well-known for its Garba dance and music. National holidays are celebrated with patriotic zeal.

South India: Karnataka, Tamil Nadu, and Kerala

In South Indian states like Karnataka, Tamil Nadu, and Kerala, festivals such as Pongal, Onam, and Ugadi are major highlights, showcasing the cultural richness of the region.

East India: West Bengal and Odisha

The East Indian states celebrate with grand Durga Puja in West Bengal, attracting millions, while Odisha's Rath Yatra is a significant event.

Central India: Rajasthan and Madhya Pradesh

Central India, renowned for Diwali and Holi, hosts vibrant festivities rich with cultural performances and traditions.

From the majestic Himalayas to the tranquil coasts of the Indian Ocean, India’s public holidays symbolize unity in diversity, each state contributing to the nation’s cultural narrative, celebrating life, love, and community.

$\"Indian$

State-wise RBL Bank Holidays

Andhra Pradesh:

Pongal: Jan 15 - Gazetted
Kanuma Panduga: Jan 16 - Restricted
Republic Day: Jan 26 - Gazetted
Mahashivratri: Mar 8 - Gazetted
Holi: Mar 25 - Restricted
Good Friday: Mar 29 - Gazetted
Babu Jagjiwan Ram Jayanti: Apr 5 - Gazetted
Ugadi: Apr 9 - Gazetted
Ram Navami: Apr 17 - Restricted
Ambedkar Jayanti: Apr 14 - Restricted
Ramzan/Eid-ul-Fitr: Apr 11 - Gazetted
Independence Day: Aug 15 - Gazetted
Ganesh Chaturthi: Sep 7 - Gazetted
Gandhi Jayanti: Oct 2 - Gazetted
Diwali: Oct 31 - Restricted
Christmas: Dec 25 - Gazetted

Arunachal Pradesh:

New Year's Day: Jan 1 - Restricted
Pongal: Jan 15 - Gazetted
Republic Day: Jan 26 - Restricted
State Day: Feb 20 - Gazetted
Buddha Purnima: May 23 - Gazetted
Independence Day: Aug 15 - Gazetted
Gandhi Jayanti: Oct 2 - Gazetted
Diwali: Nov 1 - Restricted
Christmas Day: Dec 25 - Gazetted

Assam:

Makar Sankranti: Jan 15 - Gazetted
Republic Day: Jan 26 - Gazetted
Idul-Fitr: Apr 9 - Gazetted
Independence Day: Aug 15 - Gazetted
Gandhi Jayanti: Oct 2 - Gazetted
Christmas Day: Dec 25 - Gazetted

Conclusion: Embracing Unity through Festivals

India's festivals celebrate unity in diversity, transcending religious boundaries to enhance a collective national spirit. Celebrations like Diwali or Navratri unite communities, reinforcing shared cultural heritage and values. These public holidays inspire mutual reflection and cohesion, underscoring the shared journey towards inclusivity and unity.

$\"Festivals$

Goa:

Republic Day: Jan 26 - Gazetted
Good Friday: Mar 29 - Gazetted
Ganesh Chaturthi: Sep 2 - Gazetted
Christmas: Dec 25 - Gazetted

Gujarat:

Republic Day: Jan 26 - Gazetted
Holi: Mar 21 - Gazetted
Independence Day: Aug 15 - Gazetted
Diwali: Oct 27 - Gazetted

$\"Mosaic$

In conclusion, public holidays in India remind us of our shared humanity and unity. Every festival, with its unique traditions, bonds communities through values of inclusion and empathy, guiding us towards a promising future.

*[RBI]: Reserve Bank of India
*[MSMEs]: Micro, Small, and Medium Enterprises
*[NSE]: National Stock Exchange
*[BSE]: Bombay Stock Exchange
*[UX]: User Experience
*[NPAs]: Non-Performing Assets
*[NRI]: Non-Resident Indian
*[RTGS]: Real Time Gross Settlement

","faqs":"

How can I find the state-wise public holiday calendar for India?

You can visit official bank websites like RBL Bank or government portals that list public holidays by state.

Are these public holiday dates applicable to all banks in India?

No, while public holidays are generally observed nationwide, individual banks may follow slightly different schedules based on regional guidelines.

How does RBL Bank incorporate state-wise public holiday details into its operations?

RBL Bank adjusts branch operations and service availability according to the holiday schedule reflected in each state.

Where can I learn more about the cultural significance of these festivals?

Detailed insights into the cultural aspects of each festival are available on cultural blogs and regional government websites.

Do these festival celebrations affect the banking service hours during peak holiday seasons?

Yes, during major festivals and public holidays, operating hours may be altered to accommodate local celebrations and practices.

","glossaryKeywords":[],"framerCategory":"banking","followUp":["How do public holidays impact digital banking and online transaction processing?","What security measures are in place during extended holiday periods to protect customer transactions?","Can customers access alternative banking channels when branches are closed on public holidays?","Are there troubleshooting tips available if banking services are disrupted during festive seasons?","What additional banking features or promotions are offered during major cultural festivals?"],"meta":{"description":"Explore India's state-wise public holiday calendar and RBL Bank holiday schedule, celebrating diverse festivals and rich cultural traditions that unite communities."},"keyTakeaways":["Indian holidays celebrate diverse cultural traditions.","Each region has unique festive highlights.","Festivals foster community unity and shared values.","RBL Bank emphasizes cultural inclusivity in its guide."],"recentPosts":["673c6d0ee1a04c2f99f1ea12","673c6d0ee1a04c2f99f1ebb0","673c6d0ee1a04c2f99f1ebdc","673c6d0ee1a04c2f99f1e97b","673c6d0ee1a04c2f99f1eb1d"]},{"_id":"673c6d0be1a04c2f99f1e88e","title":"Union Bank of India: Revised Banking Hours and Services","slug":"/blog/union-bank-of-india-announces-updated-timings-and-services","createdAt":"2024-03-21T00:00:00.000Z","modifiedAt":"2025-02-02T01:43:24.544Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/jjMbB0hkdIEw2mZhy87yGq7jjA.jpg","imageAltText":"blog-image","summary":"Union Bank of India , a prominent state-owned bank, has revised its\nbanking hours and services, prompting customers to take note of these\nchanges for a seamless banking interaction. ## Banking Hours and Days\n\nThe bank’s branches now operate from 10:00 AM to 4:00 PM on weekdays\n(Monday to Friday), remaining closed on 2nd and 4th Saturdays , Sundays, and\npublic holidays.","readTime":"15 Mins","author":"Team Pluto","category":"blog","mainContent":"

Union Bank of India

, a prominent state-owned bank, has revised its banking hours and services, prompting customers to take note of these changes for a seamless banking interaction.

Banking Hours and Days

The bank’s branches now operate from 10:00 AM to 4:00 PM on weekdays (Monday to Friday), remaining closed on 2nd and 4th Saturdays, Sundays, and public holidays. Timings may differ based on locality.

NEFT and RTGS Services

Complying with Reserve Bank of India (RBI) guidelines, Union Bank offers 24x7 NEFT and RTGS services for fund transfers, ensuring continuous service throughout the year. Earlier, NEFT functioned between 8:00 AM to 6:30 PM on weekdays, requiring bulk submissions by 6:00 PM for same-day transactions. RTGS was available from 8:00 AM to 4:20 PM, with bulk uploads due by 3:30 PM.

Restoration of Services Post COVID-19 Lockdown

After the COVID-19 lockdown, Union Bank resumed normal operating hours alongside all banking services. Initially, operations were adjusted for the safety of customers and staff under a 'COVID-19 Regulatory Package', including changes in staff deployment. Comprehensive services such as account opening, passbook printing, cash dealings, cheque processing, remittances, governmental transactions, and note exchanges are fully functional. Customers are encouraged to use Net-banking and Mobile Banking, visiting branches only when necessary while adhering to social distancing and hygiene norms.

Locker Services and Lunch Break Policy

Locker facilities are accessible during standard bank hours. Customers wishing to access or rent lockers should do so within these times. The bank promises uninterrupted service throughout the day without a designated lunch break.

About Union Bank of India

Founded on November 11, 1919, in Bombay, Union Bank of India has substantially grown, operating over 4,000 branches both domestically and abroad, providing a full spectrum of services for retail and corporate customers.

In summary, Union Bank of India maintains its commitment to meeting customer needs through updated hours and convenient services. Stay informed to ensure the best banking experience with Union Bank.

","faqs":"

What are the revised banking hours of Union Bank of India?

The branches now operate from 10:00 AM to 4:00 PM on weekdays and are closed on 2nd and 4th Saturdays, Sundays, and public holidays.

Are NEFT and RTGS services available round the clock?

Yes, Union Bank offers 24x7 NEFT and RTGS services to ensure uninterrupted fund transfers.

When did Union Bank resume normal operations post-COVID?

The bank restored its regular hours and complete banking services after the COVID-19 lockdown.

Do Union Bank branches have a designated lunch break?

No, the bank maintains continuous service throughout the day without a dedicated lunch break.

How can customers access locker facilities at Union Bank?

Locker services are available during standard banking hours and can be accessed at any branch.

","glossaryKeywords":[],"framerCategory":"blog","followUp":["What security measures are in place to safeguard online banking transactions at Union Bank?","How can I troubleshoot issues with NEFT or RTGS transfers?","Are there any fees associated with locker services or other in-branch facilities?","Can customers fully manage their accounts via Union Bank's mobile banking app?","What additional services has Union Bank introduced to enhance customer safety and service quality?"],"meta":{"description":"Union Bank of India revises branch hours to 10 AM-4 PM, offers 24x7 NEFT/RTGS services, and resumes full post-COVID banking with no lunch break interruptions."},"recentPosts":["673c6d0be1a04c2f99f1e539","673c6d0ee1a04c2f99f1ead0","673c6d0ee1a04c2f99f1e9bb","673c6d0ee1a04c2f99f1eb57","673c6d0be1a04c2f99f1e7bb"]},{"_id":"673c6d0ee1a04c2f99f1ebcc","title":"How IDBI Bank Fixed Deposits Can Save You Money in 2024","slug":"/blog/fixed-deposit/idbi-bank-fixed-deposit-rates-2024","createdAt":"2024-04-16T00:00:00.000Z","modifiedAt":"2025-02-02T00:01:06.016Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/X3YKohw1e5vltxviLqHivF7sA6I.jpg","imageAltText":"fixed-deposit-image","summary":"IDBI Bank blog details the bank’s diverse fixed deposit schemes, highlighting benefits such as attractive interest rates, flexible tenures, and auto-renewal options. It explains account opening processes, eligibility, and necessary documents along with notes on premature withdrawals. The article provides clear guidance for making informed savings decisions through various FD plans available for different customer segments.","readTime":"7 Mins","author":"Team Pluto","category":"fixed-deposit","mainContent":"

IDBI Bank

IDBI Bank, formally known as the Industrial Development Bank of India, is a prominent banking institution based in Mumbai, Maharashtra. Renowned for its extensive range of banking products, the bank specializes in various Fixed Deposit (FD) options. These FD plans facilitate savings over a set period with accrued interest. The FD account is initiated with a single deposit, prohibiting additions during the term. IDBI Bank FD accounts come with perks like loan access, auto-renewal services, and more.

Main Features and Benefits of IDBI Bank Fixed Deposits

Highlights and Benefits of IDBI Fixed Deposit:

Avail loans up to 90% of the deposit
Flexible durations from 7 days to 20 years
Attractive interest rates
Senior citizens get an additional 0.50% interest
Hassle-free auto-renewal options
A variety of deposit schemes to suit different needs
Easy liquidity options
Interest payouts available: monthly, quarterly, or annually

IDBI Bank FD Interest Rates 2024

Tenure	Interest Rates (PA)	Interest Rate for Seniors (PA)
7 days - 1 month	3%	3.5%
1 month 1 day - 1 month 15 days	3.25%	3.75%
1 month 16 days - 1 month 30 days	4.25%	4.75%
2 months - 2 months 29 days	4.5%	5%
3 months - 5 months 27 days	5.25%	5.75%
5 months 28 days - 8 months 26 days	5.75%	6.25%
8 months 27 days - 9 months 24 days	6.25%	6.75%
9 months 25 days - 9 months 25 days	7.05%	7.55%
9 months 26 days - 11 months 30 days	6.25%	6.75%
1 year - 1 year 9 days	6.8%	7.3%
1 year 10 days - 1 year 10 days	7.1%	7.6%
1 year 11 days - 1 year 2 months 17 days	6.8%	7.3%

Types of IDBI Bank FD Schemes

IDBI Bank Suvidha Fixed Deposit: This allows reinvestment of interest, requiring a minimum deposit of Rs. 10,000 with flexible terms from 7 days to 20 years. Auto-renewal and interest payout options are available along with overdrafts up to 90% of the FD's value.
IDBI Suvidha Tax Saving Fixed Deposit: Designed for deposits up to Rs. 1.5 lakh for 5 years, offering a unique banking experience.
IDBI Floating Rate Fixed Deposit: It requires a minimum deposit of Rs. 10,000, with tenures ranging from 1 year to 20 years. Interest rates adjust quarterly, and overdraft facilities are available, with additional interest for seniors.
IDBI NRE Fixed Deposits: Accepts a minimum deposit of Rs. 10,000 for 1 to 10 years, offering monthly/quarterly or cumulative interest options alongside loan facilities.
IDBI Bank NRO Fixed Deposits: Provides tenures from 15 days to 10 years, featuring flexible interest payout options and loan provisions against deposits.
IDBI Bank FCNR Scheme: Accepts deposits in various currencies with a minimum amount equivalent to USD 1,000 for 1 to 5 years. Offers full repatriation of principal and interest without premature closure penalties.

How to Open a Fixed Deposit Account with IDBI Bank

Open FD accounts via Mobile App, Internet Banking, or offline. For Internet Banking, log in, choose 'Open a Fixed Deposit', fill out details, and submit. On the IDBI Bank Mobile App, follow similar steps. Offline openings require visiting a branch, completing forms, and presenting necessary documents to deposit the amount and receive an FD receipt.

Eligibility for Opening a Fixed Deposit Account at IDBI Bank

Eligible applicants include residents, individuals, NRIs through NRE/NRO accounts, HUFs, senior citizens, proprietorships, partnership firms, and institutions.

Required Documents to Open a Fixed Deposit Account at IDBI Bank

Applicants must provide a completed application, photo ID and address proof, age proof, photographs, and a PAN card. Minors and seniors need to attach age verification documents.

Premature Withdrawal of IDBI Bank Fixed Deposit

IDBI Bank allows early withdrawal of FDs except for tax-saving deposits, imposing penalties subject to bank-specific conditions.

","faqs":"

How can I open an IDBI Bank FD account?

You can open an FD account via the IDBI Bank Mobile App, Internet Banking, or by visiting your nearest branch.

Is there a minimum deposit requirement for different FD schemes?

Yes, minimum deposits vary by scheme—for example, Rs. 10,000 for Suvidha FD and Rs. 1.5 lakh for Tax Saving FD.

What tenure options are available for IDBI Bank Fixed Deposits?

Tenures range from as short as 7 days up to 20 years to suit various financial needs.

Can I avail a loan against my IDBI Bank FD?

Yes, IDBI Bank offers loan facilities up to 90% of the deposit value, providing extra financial flexibility.

What documents are required to open a Fixed Deposit account?

You will need a completed application form, photo ID, address proof, PAN card, and age proof for minors or seniors.

","glossaryKeywords":["idbi bank fixed deposit rates-2024"],"framerCategory":"fixed-deposit","followUp":["What security measures ensure the safety of FD investments at IDBI Bank?","How do I update my FD account details after opening an account?","What are the steps and penalties involved in premature FD withdrawals?","Are there any service charges associated with accessing FD accounts online?","Can I transfer my Fixed Deposit account between branches or to another nominee?"],"meta":{"description":"Explore IDBI Bank's Fixed Deposit schemes with competitive rates, flexible tenures, and exclusive benefits. Open an FD account easily online or at a branch."},"keyTakeaways":["Diverse FD schemes including tax saving, floating, NRE, NRO, and FCNR options.","Attractive interest rates with benefits like additional rates for seniors.","Flexible durations from days to years with options like auto-renewal and overdrafts.","Clear guidelines on account opening, documentation, and eligibility criteria."],"recentPosts":["673c6d0ee1a04c2f99f1ead4","673c6d0ee1a04c2f99f1ebce","673c6d0be1a04c2f99f1e880","673c6d0ee1a04c2f99f1eadf","673c6d0ee1a04c2f99f1ebd2"]},{"_id":"673c6d0ee1a04c2f99f1ec2b","title":"Why Indian Investors Should Consider Commodity Mutual Funds?","slug":"/blog/mutual-fund/commodity-mutual-funds","createdAt":"2024-06-14T00:00:00.000Z","modifiedAt":"2025-02-02T00:25:50.617Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/97pa7fQWR0U7BQ1ADylDOURAw.jpg","imageAltText":"mutual-fund-image","summary":"Commodity mutual funds provide investors with diversified exposure to alternative asset classes such as gold, petroleum, coffee, and food grains. The article explains commodity fundamentals, market dynamics, and the roles of ETFs and SIPs in structured investment. It highlights the potential of commodities as inflation hedges and key portfolio diversifiers.","readTime":"5 Mins","author":"Team Pluto","category":"mutual-fund","mainContent":"

Overview

Among the various asset classes such as equity, debt, gold, and real estate, commodity investment often garners less attention from Indian investors. While many individuals aim to diversify their investment portfolios across different asset types, commodities frequently remain neglected. This article intends to explore Commodity Mutual Funds, their varieties, and the motivation for investing in them.

Understanding Commodities

Before venturing into commodity funds, it is crucial to comprehend what commodities entail:

Commodity Definition

\"A commodity is a marketable item that can be traded for another good of equivalent value. Several commodities such as gold, petroleum products, coffee, and food grains are actively exchanged on a daily basis. These trades are shaped by consumer demand and commercial values driven by the market.\"

Investment Insights

Understanding these products and their potential within a diversified investment strategy can give investors valuable insights as they explore new avenues beyond traditional asset categories.

In this regard, ETFs and commodity SIPs play a vital role by providing structured channels for investing in commodities, often regulated by SEBI. Commodity mutual funds can offer diversification advantages and may be particularly attractive for investors aiming for inflation hedges.

","faqs":"

What are Commodity Mutual Funds?

They are investment funds that pool resources to invest in physical commodities and related assets, offering diversification benefits.

How do Commodity SIPs work?

Commodity SIPs allow investors to make regular contributions, building a diversified commodity portfolio over time.

What benefits do Commodity Mutual Funds offer?

They provide portfolio diversification, potential inflation hedges, and exposure to markets that often behave differently than traditional asset classes.

Are Commodity Mutual Funds regulated by SEBI?

Yes, they are regulated by SEBI to ensure transparency and investor protection in the commodities market.

Can ETFs be part of a Commodity Mutual Fund strategy?

Yes, ETFs serve as a structured and liquid investment option within commodity mutual fund strategies.

","glossaryKeywords":[],"framerCategory":"mutual-fund","followUp":["What key factors should investors consider when adding commodity mutual funds to their portfolio?","How do global commodity market trends affect the performance of these funds?","What are the potential risks and volatility factors associated with commodity investments?","Can commodity mutual funds be effectively combined with traditional equity and debt instruments?","How do regulatory updates by SEBI influence the operations and safety of commodity mutual funds?"],"meta":{"description":"Discover how Commodity Mutual Funds diversify your portfolio and hedge against inflation, offering structured investment channels and SEBI regulation in India."},"keyTakeaways":["Commodity funds diversify portfolios beyond traditional assets.","They offer exposure to actively traded raw materials.","ETFs and SIPs provide structured investment in commodities.","Commodities can act as an inflation hedge."],"recentPosts":["673c6d0ee1a04c2f99f1ec07","673c6d0ee1a04c2f99f1ebfa","673c6d0ee1a04c2f99f1ea22","673c6d0ee1a04c2f99f1eb7c","673c6d0ee1a04c2f99f1eafd"]},{"_id":"673c6d0be1a04c2f99f1e54b","title":"How to Navigate Citibank's 2024 Holiday Schedule Smoothly?","slug":"/blog/banking/citi-bank-s-holiday-list-2024","createdAt":"2024-02-08T00:00:00.000Z","modifiedAt":"2025-02-01T15:50:17.571Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/tQ1z2K8SzbMyhsrcOQ6J7qqLL4.jpg","imageAltText":"banking-image","summary":"Citibank, established in 1812, operates globally with a strong U.S. base and significant revenue from international branches, notably in Mexico and several other countries. Heading into 2024, knowing its varied regional holiday closures is crucial for financial transaction planning and uninterrupted operations. Enhanced digital notifications support clients by providing timely alerts for branch closures and transactional planning.","readTime":"15 Mins","author":"Team Pluto","category":"banking","mainContent":"

Overview:

Established in 1812, Citibank is an integral sector of Citigroup, evolving from its inception as the City Bank of New York to maintaining 2,649 branches across 19 countries. With a strong U.S. base contributing to 70% of its revenue, Citibank operates 723 branches primarily in cities like New York City, Chicago, and Los Angeles. Its network extends to Mexico, which provides 13% of its revenue, and includes locations in Poland, Russia, India, and the UAE.

Heading into 2024, understanding Citibank's holiday schedule is crucial for effective financial transaction planning. These holidays reflect various national, religious, and cultural observances, hence closures differ across regions. Timely awareness aids clients and businesses to efficiently manage tasks such as bill payments or payroll. Citibank supports users through online alerts regarding potential branch closures, enabling smooth adjustments in financial strategies.

Citibank Image

State Holiday Examples:

Andhra Pradesh: Pongal (January 15), Republic Day (January 26)
Assam: Magh Bihu (January 15), Republic Day (January 26)
Bihar: Makar Sankranti (January 14), Republic Day (January 26)
Goa: Republic Day (January 26), Goa Revolution Day (June 18)
Gujarat: Uttarayan (January 14), Republic Day (January 26)

Citibank Image

Madhya Pradesh: Republic Day (January 26), Holi (March 2)
Maharashtra: Republic Day (January 26), Holi (March 2)
Punjab: Republic Day (January 26), Parkash Gurpurab Sri Guru Nanak Dev Ji (November 23)

Key Takeaways:

Understanding Citibank's 2024 holiday calendar facilitates uninterrupted management of crucial financial operations by businesses and consumers globally. Aligning activities like payroll and financial transactions around these holidays maximizes operational continuity. Through digital notifications, Citibank empowers its clients to proactively plan. As technology advances, the bank may further enhance user experiences by developing more refined banking solutions to accommodate diverse client needs.

Citibank Image

[Source: Reserve Bank of India]

Citibank Image

[RBI]: Reserve Bank of India
[MSMEs]: Micro, Small, and Medium Enterprises
[NSE]: National Stock Exchange
[BSE]: Bombay Stock Exchange
[UX]: User Experience
[NPAs]: Non-Performing Assets

","faqs":"

How can I access Citibank's 2024 holiday schedule?

You can view the holiday calendar on Citibank's official website or receive digital notifications through your online banking profile.

What should I do if my local Citibank branch is closed on a holiday?

Plan ahead by using online banking services or visiting an alternate branch to manage your important transactions.

How do digital alerts help manage financial transactions during holidays?

Digital alerts notify clients of upcoming branch closures, enabling timely adjustments to payments and payroll schedules.

Are Citibank holiday schedules the same across all regions?

No, closures vary by state and region based on local and cultural observances.

Can I still manage payments and payroll during Citibank holidays?

Yes, Citibank's robust online and mobile banking solutions allow uninterrupted transaction management even when branches are closed.

","glossaryKeywords":[],"framerCategory":"banking","followUp":["How does Citibank ensure the security of digital notifications and online banking services during holiday periods?","What troubleshooting steps should I follow if I miss or do not receive a holiday alert from Citibank?","How can businesses leverage Citibank's digital solutions to optimize payroll management during branch closures?","Are there any fees or charges associated with transactions made through online banking during holidays?","What additional innovative banking features is Citibank exploring to enhance customer service during holiday disruptions?"],"meta":{"description":"Explore Citibank's 2024 holiday schedule to plan your transactions and payroll with timely digital alerts and smooth branch operations."},"keyTakeaways":["Established in 1812 with a global network and strong U.S. revenue base.","Holiday schedules vary by region, impacting financial operations in 2024.","Digital alerts enable proactive planning for financial transactions."],"recentPosts":["673c6d0ee1a04c2f99f1eb1c","673c6d0ee1a04c2f99f1ec1b","673c6d0ee1a04c2f99f1eb31","673c6d0ee1a04c2f99f1ea9f","673c6d0ee1a04c2f99f1eb32"]},{"_id":"673c6d0ee1a04c2f99f1ec31","title":"Exploring Open-Ended Mutual Funds in India: A Guide","slug":"/blog/mutual-fund/open-ended-funds","createdAt":"2024-06-13T00:00:00.000Z","modifiedAt":"2025-02-02T00:26:15.875Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/W7ZmVgPLqJimQye6jmcYpOYugfA.jpg","imageAltText":"mutual-fund-image","summary":"The blog discusses mutual funds with a focus on open-ended funds, which are favored by investors in India. It explains that these funds allow buying and selling directly from the fund house at the latest NAV without being listed on stock exchanges. The article also highlights their flexibility, no cap on unit issuance, and absence of a fixed maturity period.","readTime":"5 Mins","author":"Team Pluto","category":"mutual-fund","mainContent":"

Mutual funds

Mutual funds are generally divided into three categories: open-ended, closed-ended, and interval funds. Among these, open-ended mutual funds stand out as the most favored choice among investors. This article delves into the different types of open-ended mutual funds available in India, highlighting their advantages and key aspects.

When the term mutual funds is mentioned, it usually refers to open-ended funds. Unlike closed-ended counterparts, open-ended fund units are not listed on stock exchanges, and there's no cap on the amount of units a fund can issue.

Investors benefit from the convenience of buying or selling units directly from the fund house on any business day, using the latest Net Asset Value (NAV) of the scheme.

NAV is evaluated based on the fund's underlying securities' performance, and these schemes do not carry a fixed maturity period.

","faqs":"

What exactly are open-ended mutual funds?

Open-ended mutual funds allow investors to buy or sell units directly from the fund house without a fixed maturity period, based on the current NAV.

How do open-ended funds differ from closed-ended funds?

Unlike closed-ended funds, open-ended funds issue units continuously, offering greater liquidity and flexibility for investors.

How is the Net Asset Value (NAV) determined?

NAV is calculated by dividing the total value of the fund's underlying securities by the number of outstanding units.

Can I sell my fund units at any time?

Yes, investors can redeem their units on any business day at the prevailing NAV.

What makes open-ended mutual funds a popular choice among investors?

They offer easy liquidity, flexibility in transactions, and a transparent pricing mechanism through daily NAV updates.

","glossaryKeywords":["open ended funds"],"framerCategory":"mutual-fund","followUp":["What are the potential risks associated with investing in open-ended mutual funds?","How do expense ratios impact the overall returns of mutual funds?","Can open-ended mutual funds be a part of a systematic investment plan (SIP)?","What factors should investors consider when comparing different mutual funds?","How does market volatility affect the NAV of open-ended mutual funds?"],"meta":{"description":"Explore open-ended mutual funds in India, their advantages, flexibility in trading, and learn how NAV reflects their performance."},"keyTakeaways":["Open-ended mutual funds are the most preferred among investors.","Investors can transact based on the latest Net Asset Value (NAV).","These funds offer flexibility with no cap on issued units and no fixed maturity period."],"recentPosts":["673c6d0ee1a04c2f99f1eb0d","673c6d0ee1a04c2f99f1ea4f","673c6d0ee1a04c2f99f1ec32","673c6d0ee1a04c2f99f1ec34","673c6d0ee1a04c2f99f1ebfb"]},{"_id":"673c6d0ee1a04c2f99f1ebdb","title":"Exploring Yes Bank RD: A Smart Saving for 6 Months-10 Years","slug":"/blog/recurring-deposit/yes-bank-recurring-deposit-(rd)-interest-rates-2024","createdAt":"2024-04-29T00:00:00.000Z","modifiedAt":"2025-02-02T00:08:06.280Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/sjfubrZwBJQ7HO8tbSfDm2NVooA.jpg","imageAltText":"recurring-deposit-image","summary":"The blog details Yes Bank's Recurring Deposit (RD) scheme, outlining its features, eligibility criteria, documentation requirements, and interest calculation methods. It explains attractive aspects like preferential interest rates for seniors and the flexibility of premature withdrawals. The guide also covers tax implications and provides step-by-step instructions for opening an RD account.","readTime":"5 Mins","author":"Team Pluto","category":"recurring-deposit","mainContent":"

Yes Bank

, a leading financial entity, provides an extensive range of financial solutions to meet varied customer needs, with the Yes Bank Recurring Deposit (RD) being notably popular.

This service enables individuals to grow their savings and secure their financial stability. The tenure for a Yes Bank RD starts from 6 months and can go up to 10 years.

The interest rates on Yes Bank RDs range from 5.00% to 7.00%, with a special rate of an additional 0.50% for seniors, reflecting the bank’s supportive policies for senior citizens.

Eligibility Criteria

To initiate a YES Bank Recurring Deposit account, one must be a Resident Indian or a member of a Hindu Undivided Family (HUF) with an active savings account at YES Bank. This condition ensures seamless access and convenient utilization of the RD scheme for existing customers.

Documents Required

Filled application form
Copies of PAN Card or Form 60/61
Two passport-size photos
Valid ID proof
Valid address proof
Additional supporting documents

Types of Yes Bank Recurring Deposit Schemes

The RD scheme enables clients to make deposits effortlessly while ensuring attractive returns and capital safety. By connecting a savings account to the RD, customers benefit from easy monthly payments.

Choose a plan and duration aligning with your financial goals. This program suits individuals with regular incomes, facilitating consistent contributions towards achieving financial targets.

Yes Bank RD Premature Withdrawal Facility

Yes Bank offers flexibility with premature withdrawal options, subject to possible penalties on the earned interest, adhering to bank regulations. It’s crucial to note that partial withdrawals are disallowed to maintain the investment’s integrity.

Tax Exemptions on Yes Bank RD

Taxation Rules on YES Bank RD

If the interest accrued in a fiscal year exceeds Rs. 10,000, a TDS of 10% is imposed. Without PAN details, the TDS rate rises to 20%. Additionally, interest income is taxed according to personal tax brackets per tax regulations.

Ensure adherence to these rules while managing your RD investment.

How to Open a Recurring Deposit Account in Yes Bank?

To open a Yes Bank RD, having a savings account with the bank is mandatory. Log in using net banking credentials, select the preferred scheme, submit the necessary documents, and make sure to pay the first installment promptly.

How to Calculate the Maturity Amount on Yes Bank RD?

The YES Bank RD interest compounds quarterly, using the formula: 𝐴=𝑃×(1+𝑅/𝑁)𝑁𝑡

𝐴 = Maturity Amount
𝑃 = Recurring Deposit
𝑁 = Times interest is compounded
𝑅 = Rate of interest
𝑡 = Tenure

For instance, if Ms. Kusum invests Rs. 1,000 monthly in a YES Bank RD for 9 months at 7%, her earnings would be:

𝐴=9000×(1+7/4)4×9/12

Resulting in a Maturity Amount of Rs. 9,264, with Rs. 264 as interest accrued.

","faqs":"

How do I open a Yes Bank Recurring Deposit account?

You can open a Yes Bank RD account by linking your existing savings account, submitting the required documents, and completing the online application process.

What are the interest rates and tenure options for Yes Bank RD?

The RD scheme offers interest rates between 5.00% and 7.00%, with tenures from 6 months up to 10 years and an additional rate for senior citizens.

What documents are required to open a Yes Bank RD account?

You need a filled application form, PAN card or Form 60/61, two passport-size photos, valid ID and address proof, along with additional supporting documents.

How is the maturity amount on Yes Bank RD calculated?

The maturity amount is computed using a quarterly compounding formula A = P×(1+R/N)^(N*t) based on your monthly deposits and chosen tenure.

What are the provisions for premature withdrawal from a Yes Bank RD?

Premature withdrawal is allowed with applicable penalties on the interest earned, and note that partial withdrawals are not permitted.

","glossaryKeywords":[],"framerCategory":"recurring-deposit","followUp":["What security measures are implemented to safeguard my recurring deposit account?","How do I resolve issues encountered during the online RD account opening process?","Are there any hidden fees or processing charges associated with the RD scheme?","Can the recurring deposit plan be linked with other Yes Bank digital services for easier management?","How do changes in tax regulations affect the returns on my Yes Bank Recurring Deposit?"],"meta":{"description":"Unlock financial stability with Yes Bank Recurring Deposits featuring flexible tenures, competitive rates (plus senior benefits), simple account opening, and secure, tax-efficient savings."},"keyTakeaways":["Details Yes Bank RD features and benefits.","Outlines eligibility criteria and required documents.","Explains interest calculation, tax implications, and premature withdrawal policies.","Provides step-by-step guidance for opening the account."],"recentPosts":["673c6d0be1a04c2f99f1e602","673c6d0ee1a04c2f99f1ebd9","673c6d0ee1a04c2f99f1eb6d","673c6d0be1a04c2f99f1e518","673c6d0ee1a04c2f99f1e978"]},{"_id":"673c6d0ee1a04c2f99f1ebd7","title":"Unlock Savings: Explore IDBI Bank RD Interest Rates","slug":"/blog/recurring-deposit/idbi-bank-rd-interest-rates-2024","createdAt":"2024-04-30T00:00:00.000Z","modifiedAt":"2025-02-02T00:06:44.691Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/ktdPHbMWRJAAQZ0qOUadbDJllrM.jpg","imageAltText":"recurring-deposit-image","summary":"IDBI Bank offers competitive recurring deposit schemes with flexible options such as Systematic Savings Plan (SSP) and SSP Plus. The blog outlines eligibility criteria, required documents, tax implications, and withdrawal policies with clarity. This comprehensive guide assists diverse customers, including NRIs and minors, in making informed financial decisions.","readTime":"6 Mins","author":"Team Pluto","category":"recurring-deposit","mainContent":"

IDBI Bank

provides competitive recurring deposit interest rates for terms ranging from 1 to 10 years. Founded in 1964, IDBI (Industrial Development Bank of India) functions as a private sector universal bank delivering a wide array of financial offerings.

To open an RD account with IDBI, a minimum deposit of Rs. 100 is required. The interest rates are outlined below.

Eligibility Criteria

Who Can Open an IDBI Recurring Deposit:

Indian citizens or Hindu Undivided Families (HUF) can initiate an RD account.
NRIs can use an NRO (Non-Resident Ordinary) or NRE (Non-Resident External) account to maintain an IDBI RD.
Minors may establish an RD account under parental guidance.

Documents Required

Necessary Documents for Opening an IDBI RD Account:

Identity Proof:

Passport
PAN card
Voter ID card
Driving License
Government ID card
Photo ration card
Senior citizen ID card

Address Proof:

Passport
Telephone bill
Electricity bill
Bank statement with cheque
Post office-issued certificate/ID

Types of ICICI Bank Recurring Deposit Schemes

1. Systematic Savings Plan (SSP):

IDBI's Systematic Savings Plan (SSP) allows for flexible savings starting with a consistent amount from INR 100, capping below INR 2 crores monthly, tailored to financial goals.

Duration: 1 to 10 years
Minimum Deposit: Rs. 100
Maximum Deposit: Rs. 2 crores
Nomination Facility Available

2. Systematic Savings Plan Plus (SSP Plus):

SSP Plus offers organized savings with principal and interest security, along with insurance coverage and reward points.

Duration: 3 to 10 years
Minimum Deposit: Rs. 5000, in multiples of Rs. 100
Maximum Deposit: Rs. 2 crores
Includes Personal Accident Insurance Cover
Loan Facility Available
No TDS with Form 15G/15H submission
Premature Closure Option Available

ICICI Bank RD Premature Withdrawal Facility

Early withdrawal before tenure completion may incur a slight penalty impacting the interest rate on the chosen RD scheme. IDBI does not permit partial withdrawals.

Taxation on RBL RD

IDBI's recurring deposits are taxable according to the Income Tax Act, 1961. Interest income is part of the annual income, with a 10% TDS if it exceeds Rs. 40,000 annually. Submission of Form 15G or 15H can exempt TDS.

Opening a Recurring Deposit Account in RBL

To open an IDBI RD account, visit an IDBI bank branch or use online banking if you have an existing account.

Calculating the Maturity Amount on RBL Bank RD

The formula to calculate the maturity amount is A = P(1+r/n) ^ nt, where:

‘A’ is the final amount
‘P’ is the principal amount
‘r’ denotes the annual interest rate
‘n’ signifies the compounding frequency
‘t’ is the tenure period

","faqs":"

What is the minimum deposit required to open an IDBI RD account?

You only need to deposit Rs. 100 to open an IDBI recurring deposit account.

Who is eligible for an IDBI recurring deposit account?

Indian citizens, Hindu Undivided Families (HUF), NRIs with NRO/NRE accounts, and minors under parental guidance are eligible.

What documents are required to open an IDBI RD account?

You must provide identity proofs such as a Passport, PAN card, and address proofs like a telephone or electricity bill.

What recurring deposit schemes does IDBI offer?

IDBI offers the Systematic Savings Plan (SSP) and SSP Plus, each with flexible deposit amounts and tenure options.

Is premature withdrawal allowed on an IDBI RD account?

Early withdrawal is possible, though it may incur a penalty, and partial withdrawals are not permitted.

","glossaryKeywords":["idbi bank rd interest rates 2024"],"framerCategory":"recurring-deposit","followUp":["How does the interest calculation formula work for an IDBI recurring deposit?","What are the key benefits of choosing the SSP Plus scheme over the standard SSP?","How do tax regulations affect the interest earned on IDBI recurring deposits?","Can I manage my IDBI RD account using online banking or mobile apps?","What precautions does IDBI take to ensure the security of recurring deposit transactions?"],"meta":{"description":"Discover IDBI Bank recurring deposit schemes with flexible tenures, simple eligibility criteria, essential documentation, and clear maturity calculations for secure savings."},"keyTakeaways":["Flexible RD options (SSP and SSP Plus) with varied deposit amounts and tenures.","Clear eligibility criteria for Indian citizens, NRIs, and minors.","Detailed documentation requirements for identity and address proofs.","Information on withdrawal penalties, tax implications, and maturity calculations."],"recentPosts":["673c6d0ee1a04c2f99f1eabb","673c6d0ee1a04c2f99f1ead5","673c6d0ee1a04c2f99f1eb2a","673c6d0ee1a04c2f99f1eae1","673c6d0ee1a04c2f99f1ead4"]},{"_id":"673c6d0ee1a04c2f99f1ebd0","title":"What Are The Central Bank of India FD Rates for 2024?","slug":"/blog/fixed-deposit/central-bank-of-india-fixed-deposit-rate-2024","createdAt":"2024-04-16T00:00:00.000Z","modifiedAt":"2025-02-02T00:03:17.846Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/LeWuHpwAnawtB3CUyP3ymrHP0w.jpg","imageAltText":"fixed-deposit-image","summary":"The blog details Central Bank of India's extensive network and diverse fixed deposit schemes with flexible tenures and competitive interest rates. It highlights benefits such as senior citizen rates, loan facilities, and easy account opening processes. The article also covers eligibility criteria and documentation requirements for FD accounts.","readTime":"5 Mins","author":"Team Pluto","category":"fixed-deposit","mainContent":"

The Central Bank of India, overseen by the Ministry of Finance, is a prominent public sector institution in India. Unlike the RBI, it features a vast network of 4,608 branches, over 3,600 ATMs, and numerous satellite offices.

The bank offers a range of fixed deposit (FD) schemes that promise attractive returns with interest rates that vary based on the deposit duration. Opening an account requires a specified starting amount, and rates differ according to the term.

Features of Central Bank of India Fixed Deposits

Tenure Options: Ranges from 7 days to 10 years
Loan Facility: Get up to 90% of the FD value
Nomination Facility: Available for all accounts
Minimum Deposit: Rs. 5,000 required to start an FD
Liquidity: Offers flexible withdrawal options
Competitive Interest Rates: Across all FD schemes
Senior Citizen Benefits: Additional 0.50% over standard rates

Central Bank of India FD Interest Rates 2024

Tenure	Interest Rates (PA)	Seniors (PA)
7-14 days	3.5%	4%
15 days - 1.5 months	3.75%	4.25%
1.5 - 1.9 months	4.5%	5%
1.96 - 2.96 months	4.75%	5.25%
3 - 5.87 months	5%	5.5%
5.9 - 8.87 months	6%	6.5%
8.9 - 11.97 months	6.25%	6.75%
1 - 1.997 years	6.75%	7.25%
2 - 2.997 years	7%	7.5%
3 - 4.998 years	6.5%	7%
4.999 - 9.999 years	6.25%	6.75%

Central Bank of India FD Schemes

Resident Indian Fixed Deposit Schemes

Cent Garima Term Deposit Scheme

Tenure: 777 days
Min. Deposit: Rs 10,000; Max.: Rs 10 crore
Senior Citizen Interest Benefit: Additional 0.50%
Options: Monthly/Quarterly or Cumulative
Eligibility: Available for Residents and NRIs
Premature Withdrawal: 1% penalty; specific conditions apply for NRE accounts
Auto Renewal: Not available
Loan/Overdraft: Up to 90% of deposit with an additional 1% interest

Fixed Deposit Receipt (FDR)

Tenure: 7 to 120 months
Min. Deposit: Rs 100
Interest: Simple, credited every 6 months or at maturity
Premature Payment: 1% penalty on withdrawals over Rs 5 lakh
Loan Facility: Available up to 90% of the deposit

Money Multiplier Deposit Certificate (MMDC)

Interest compounding for growth
Tenure: 6 to 120 months
Min. Deposit: Rs 100
Loan Facility: Available up to 90% of the deposit

Monthly Interest Deposit Receipt (MIDR)

Earn monthly interest
Tenure: 12 to 120 months
Min. Deposit: Rs 5,000
Loan Facility: Available

Quarterly Interest Deposit Receipt (QIDR)

Quarterly interest earnings
Tenure: 12 to 120 months
Min. Deposit: Rs 5,000
Loan Facility: Available

Cent Tax Saving Deposit

Benefits under Section 80C
Tenure: 5 years
Max. Deposit: Rs 1.5 lakh per fiscal year
Loan/Collateral: Not permitted

Cent Suraksha Deposit

Auto-reverse sweep on FD link
Auto-renewal for the same duration
Loan/Overdraft: Available

Cent Green Time Deposit Scheme

Supports eco-friendly projects
Tenure: 1111, 2222, or 3333 days
Min. Deposit: Rs 50,000
Premature Withdrawal: Permitted

Cent Floating Deposit Scheme

Incorporates MMDC, MIDR, QIDR with floating interest rates
Tenure: 1-3 years
Linked to the repo rate

How to Open a Fixed Deposit with Central Bank of India

1) Online Process:

Visit the official website and log in
Select 'Online Term Deposit' and choose the desired FD type
Enter the necessary details and confirm
Receive a confirmation post successful transaction

2) Offline Process:

Visit the nearest branch
Submit an FD application form with the necessary documents
The FD account gets activated after processing

Eligibility for Central Bank of India FD Account

Joint account holders
Resident individuals
Minors
Trusts, Panchayats, and municipalities
Sole proprietorships
Illiterate persons
Joint Hindu Families
Religious, charitable, and educational institutions
Partnership firms

Documents Required for Central Bank FD Account

Proof of Identity:

Aadhaar, PAN, Defense ID, Passport, Voter ID

Proof of Address:

Telephone bill, Electricity bill, Aadhaar
Bank Statement: Attach cheque or employer letter

Early Withdrawal Policy

The Central Bank of India permits early FD withdrawals, incurring a 1% penalty on interest for amounts exceeding Rs 5 lakh. No penalty applies for amounts below Rs 5 lakh. Tax-saving FDs are ineligible for premature withdrawal.

","faqs":"

How can I open a Central Bank of India fixed deposit account online?

You can open an FD account online by visiting the official website, logging in, and selecting the 'Online Term Deposit' option.

What is the minimum deposit to start an FD at Central Bank of India?

A minimum deposit of Rs 5,000 is required for most schemes, though some products may have different thresholds.

Are there additional interest benefits for senior citizens on FD schemes?

Yes, senior citizens receive an extra 0.50% interest benefit over the standard rates.

Which documents are needed for opening an FD account?

You must provide proof of identity (e.g., Aadhaar, PAN), proof of address, and possibly a bank statement, among other documents.

What penalties apply for early withdrawal of an FD?

Withdrawals over Rs 5 lakh incur a 1% penalty on interest, while lower amounts may not attract a penalty; tax-saving FDs are exempt from premature withdrawal.

","glossaryKeywords":["central bank of india fixed deposit rate-2024"],"framerCategory":"fixed-deposit","followUp":["What security measures safeguard online and offline FD transactions at Central Bank of India?","How can one resolve issues encountered during the online fixed deposit application process?","Are there any service charges or hidden fees associated with FD account management beyond early withdrawal penalties?","How does the loan facility work against the fixed deposit, and what are its terms?","What other investment products or benefits does Central Bank of India offer beyond its fixed deposit schemes?"],"meta":{"description":"Discover Central Bank of India's FD schemes featuring flexible tenures, competitive rates, senior benefits, and seamless online as well as offline application processes."},"keyTakeaways":["Diverse FD schemes with tenures from 7 days to 10 years.","Competitive interest rates with additional benefits for seniors.","Both online and offline account opening processes.","Eligibility extends to individuals, NRIs, trusts, and more.","Premature withdrawals incur a penalty above Rs 5 lakh."],"recentPosts":["673c6d0ee1a04c2f99f1ebcd","673c6d0ee1a04c2f99f1ea8a","673c6d0ee1a04c2f99f1ea32","673c6d0ee1a04c2f99f1ebd3","673c6d0ee1a04c2f99f1ebcf"]},{"_id":"673c6d0ee1a04c2f99f1eba3","title":"How to Maximize Rewards with Credit Card Points","slug":"/blog/credit-cards/credit-card-reward-points-how-to-earn-and-redeem-reward-points-24-july-2024","createdAt":"2024-07-27T00:00:00.000Z","modifiedAt":"2025-02-01T23:48:25.032Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/IoT4GLww2j7mTeu5YZNgerkBeo.jpg","imageAltText":"credit-card-image","summary":"The BI SimplyCLICK Credit Card enhances reward points for online spending while emphasizing strategic use of various cards. The blog explains how to maximize rewards by understanding different card reward structures, timely redemption, and careful spending to avoid debt. It also highlights the pitfalls of expired rewards and the importance of monitoring point accumulations.","readTime":"15 Mins","author":"Team Pluto","category":"credit-card","mainContent":"

The BI SimplyCLICK Credit Card offers enhanced reward points for online purchases over traditional expenses. Stay alert for promotions to boost your rewards. Efficient point accumulation involves using the appropriate card at optimal times.

Understanding Reward Points Systems

Reward structures vary among credit cards and issuers. For instance, an HDFC Diners Club Privilege card features distinct points accumulation and redemption terms compared to an SBI Card PRIME. Understanding your card's specific rewards is crucial for effectively gathering points and strategically planning purchases to maximize rewards.

Redeeming Reward Points

The redemption process varies with each issuer; typically, points can be exchanged for items such as gifts, vouchers, cashback, or air miles. Many banking platforms allow easy redemption, although physical branches or customer care services are also options. Reviewing redemption options and rates ensures you find the best value offers.

Potential Pitfalls to Avoid

It is crucial to avoid excessive spending to earn reward points, as it can lead to overwhelming debt. Reward points might expire, making timely redemption important to retain benefits. Monitoring your point totals and expiration dates ensures you don’t lose points.

Conclusion

Credit card reward points offer additional value for everyday spending. A comprehensive understanding and optimization of your card’s rewards program can result in significant benefits. The key lies in smart spending to maximize point accumulation.

","faqs":"

How can I maximize my BI SimplyCLICK Credit Card reward points on online purchases?

Boost your points by using your card for online transactions and staying updated on promotions.

How do I compare different credit card reward points systems?

Review reward structures like HDFC Diners Club Privilege versus SBI Card PRIME to choose the best option for your spending habits.

What are the common redemption options for credit card reward points?

You can redeem rewards for gifts, vouchers, cashback, or air miles through various banking platforms.

How can I avoid pitfalls while accumulating reward points?

Avoid excessive spending and monitor your point expiration dates to safeguard your benefits.

What strategies help in efficiently accumulating reward points?

Smart spending during promotional periods and strategic use of your card can help you accumulate more points.

","glossaryKeywords":["credit card reward points"],"framerCategory":"credit-card","followUp":["What security measures protect credit card reward transactions?","How can I troubleshoot issues during the reward redemption process?","Are there any fees associated with redeeming reward points on different platforms?","How often should I check the status and expiration of my reward points?","Can I combine reward points from multiple transactions or cards to increase my benefits?"],"meta":{"description":"Maximize your credit card rewards with BI SimplyCLICK: learn strategic spending, understand diverse rewards systems, and optimize redemption for extra benefits."},"keyTakeaways":["Enhanced rewards for online transactions.","Different cards offer varying reward structures.","Redeem points timely for optimal value.","Avoid overspending to prevent debt.","Regular monitoring prevents point expiration."],"recentPosts":["673c6d0be1a04c2f99f1e89f","673c6d0be1a04c2f99f1e657","673c6d0be1a04c2f99f1e8c4","673c6d0ee1a04c2f99f1e95a","673c6d0be1a04c2f99f1e67b"]},{"_id":"673c6d0ee1a04c2f99f1ebcd","title":"What Are the ICICI Bank FD Interest Rates in 2024?","slug":"/blog/fixed-deposit/icici-bank-fixed-deposit-rates-2024","createdAt":"2024-04-16T00:00:00.000Z","modifiedAt":"2025-02-02T00:01:48.045Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/ZizHDUm3GdQX16gwFCGArb7FMD0.jpg","imageAltText":"fixed-deposit-image","summary":"ICICI Bank Limited is a premier financial institution offering a variety of Fixed Deposit schemes that cater to both retail and corporate customers with competitive interest rates and tailored features, including special rates for senior citizens, overdraft options, and tax benefits. The blog details multiple FD types, application processes, required documents, and terms for early withdrawals.","readTime":"5 Mins","author":"Team Pluto","category":"fixed-deposit","mainContent":"

ICICI Bank Limited

is a leading player in India's financial sector, with its registered office in Vadodara, Gujarat, and its corporate headquarters in Mumbai, Maharashtra. The bank is well-known for its vast array of banking products and services tailored for both retail and corporate customers. Originally named the Industrial Credit and Investment Corporation of India, it is commonly referred to by the acronym ICICI.

ICICI Bank's Fixed Deposit (FD) Schemes present a safe way to invest funds over distinct time frames, featuring competitive interest rates that rank among the most appealing in the sector. A single deposit is required at the start, with no subsequent additional deposits allowed, leading to better interest rates than what savings accounts provide.

Key Features and Benefits of ICICI Bank Fixed Deposits:

Senior citizens enjoy an extra 0.50% interest rate annually.
The minimum deposit to start an FD is Rs.10,000, and for minors, it's Rs.2,000.
The nomination facility is available.
Loan access up to 90% of the deposited sum.
Interest is due only at maturity.
ICICI offers six FD types: Regular FD, FD without premature withdrawal, Tax-Saver FD, FD with Monthly Income, Money Multiplier Plan, and FD Xtra with added perks.

ICICI Bank FD Interest Rates 2024:

Tenure	Interest Rates (PA)	Seniors' Rate (PA)
7-29 days	3%	3.5%
1 month - 1 month 15 days	3.5%	4%
1 month 16 days - 1 month 30 days	4.25%	4.75%
2 months - 2 months 29 days	4.5%	5%
3 months - 6 months 1 day	4.75%	5.25%
6 months 2 days - 8 months 26 days	5.75%	6.25%
8 months 27 days - 11 months 30 days	6%	6.5%
1 year - 1 year 2 months 29 days	6.7%	7.2%
1 year 3 months - 2 years	7.2%	7.75%
2 years 1 day - 4 years 11 months 30 days	7%	7.5%
5 years - 9 years 11 months 29 days	6.9%	7.5%

Types of ICICI Bank of India FD Schemes:

ICICI Bank Regular Fixed Deposit

Available through the iMobile app or internet banking.

Tenure range: 7 days to 10 years.
Minimum deposit required: Rs.10,000.
Overdraft options up to 90% of the principal and interest.
Premature or partial withdrawal options.
Special interest rates for senior citizens via the Golden Years FD.
Penalties for premature withdrawals might apply under certain scenarios.

ICICI Bank Money Multiplier FD

This scheme blends a Savings Account's liquidity with Fixed Deposit returns.

Automatic reverse sweep for balances below Rs.10,000.
Tenures linked to customer accounts.
FDs employ FIFO for reverse sweeps.
Auto-renewal at maturity with prevailing interest rates.

ICICI Bank Flexi FD for Current Account Customers

Links FD to current accounts for liquidity and earnings.
Reverse sweep initiated when balance dips below Rs.1 lakh.
FDs use LIFO for reverse sweeps.
FD auto-renewed at same tenure and rate.

ICICI Bank Tax Saver FD

Provides Section 80C tax benefits up to Rs.1.5 lakh.
Minimum starting deposit: Rs.10,000.
Fixed 5-year tenure.
Interest payouts: Monthly, Quarterly, or Reinvestment.
No premature withdrawal or auto-renewal.
Interest earned is taxable.

ICICI Bank FD Xtra

A suite of products with enhanced features over standard FDs.

Options like FD Life, FD Invest, FD Income, and FD Card.
FD Life offers life insurance with fixed returns.
FD Invest merges FD returns with Mutual Fund growth.
FD Income assures regular income over a set period.
FD Card supplies an FD-backed credit card.

ICICI Bank Overdraft Against Fixed Deposit

Designed for immediate financial needs without breaking the FD.

Loan value up to 90% of the FD.
Availed by Non-Resident Indians (NRIs).

NRE FD Account

Yields high returns on overseas income in Rupees.
Principal and interest are fully repatriable.
Loans up to 90% of FD value.
Minimum deposit Rs.25,000; tenure: 1-10 years.

NRO FD Account

Offers high returns on Indian-sourced funds.
Can be jointly held with an Indian resident.
Minimum initial deposit Rs.25,000, tenure: 7 days to 10 years.
Interest repatriable post tax deduction.
Loan options up to 90% of deposit.

NRO Tax Saver

Section 80C tax benefits up to Rs.1.5 lakh.
5-year lock-in period.
Interest payout options: Monthly, Quarterly, or Reinvestment.
Option for a joint account.

Rupee Plus Plan

Account managed in convertible currencies.
Generally, minimum deposit is Rs.1,00,000, varies by currency.
Fixed tenure of 1 year 1 day.
Tax-exempt interest within India.
Repatriable upon maturity.

How to Open an ICICI Bank Fixed Deposit Account

Customers can initiate an FD via Mobile Apps, Internet Banking, or through offline channels.

Internet Banking:

Log into Internet Banking platform.
Select ‘Open Fixed Deposit’.
Complete necessary details and submit.
Account created instantly.

Mobile App - ICICI Bank App:

Download and log into the ICICI Bank App.
Select 'Open Fixed Deposit'.
Fill in personal and nominee details and submit.

Offline Opening:

Visit a local ICICI branch, complete the application, and provide necessary documents with the deposit amount to open an FD.

Eligibility to Open a Fixed Deposit

Eligible individuals include:

Indian citizens
Hindu undivided families (HUF)
Trusts, associations, societies, and clubs

Required Documents for ICICI Fixed Deposit

Proof of Identity:

PAN card, Voter ID, Passport, Driver's license, or relevant ID.

Residential Proof:

Utility bill, bank statement, or other recognized ID.

Original documents needed for verification, with potential requests for extra documents at the bank's discretion.

Early Withdrawals

ICICI Bank FDs (except tax-saving FDs) offer the possibility of early withdrawal, subject to penalties between 0.5% and 1%, depending on bank terms.

","faqs":"

What are the key benefits of opening an ICICI Bank FD?

ICICI Bank FD offers competitive interest rates, flexible tenures, and added perks like nomination facilities and overdraft options.

Can I open an FD through digital channels?

Yes, you can open an FD via Internet Banking, the ICICI mobile app, or by visiting a local branch.

Do senior citizens receive any special benefits on ICICI FDs?

Yes, senior citizens enjoy an additional 0.50% interest rate annually on their fixed deposits.

Is premature withdrawal allowed on ICICI FDs?

Premature withdrawals are allowed with applicable penalties, except for tax-saving FDs where auto-renewal applies.

What documents are required to open an ICICI Bank FD?

You need proof of identity (PAN, Passport, etc.) and residential proof to successfully open an FD account.

","glossaryKeywords":["icici bank fixed deposit rates-2024"],"framerCategory":"fixed-deposit","followUp":["How does ICICI Bank ensure the security of FD transactions across its digital platforms?","What troubleshooting steps are recommended if I encounter issues while opening or managing my FD online?","How do the interest rates and features of ICICI FDs compare to those of other leading banks?","Can I customize the tenure of my FD, and what happens during auto-renewal at maturity?","What additional benefits and features are available with the overdraft facility against an ICICI FD?"],"meta":{"description":"Explore ICICI Bank's fixed deposit schemes with competitive rates, varied tenure options, and flexible features designed for secure, smart investments for both individuals and corporates."},"keyTakeaways":["Offers diverse FD schemes for various customer needs.","Features include competitive rates, senior citizen benefits, and overdraft facilities.","Provides multiple product options like Regular FD, Flexi FD, and Tax Saver FD.","Easy account opening via online and offline channels with clear documentation requirements."],"recentPosts":["673c6d0ee1a04c2f99f1ebd0","673c6d0ee1a04c2f99f1ebd3","673c6d0ee1a04c2f99f1ebcf","673c6d0ee1a04c2f99f1e910","673c6d0ee1a04c2f99f1ebd4"]},{"_id":"673c6d0ee1a04c2f99f1ec30","title":"Are Index Funds the Key to Effective Diversification in 2023?","slug":"/blog/mutual-fund/index-funds","createdAt":"2024-06-13T00:00:00.000Z","modifiedAt":"2025-02-02T00:26:10.042Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/WXwO9XTVrvilV1wJPSlcvXNPVbI.jpg","imageAltText":"mutual-fund-image","summary":"This blog emphasizes diversification as a critical element in creating a balanced investment portfolio by spreading funds across asset classes like equities, debt instruments, real estate, and precious metals. It explains how diversification within each class, particularly through Index Funds in equity investments, minimizes risks while outlining an analysis of their types and benefits in the Indian market.","readTime":"6 Mins","author":"Team Pluto","category":"mutual-fund","mainContent":"

Diversification

is an essential element in crafting a balanced investment portfolio. Investors commonly distribute their funds across various asset classes, such as equities, debt instruments, real estate, and precious metals like gold. Further diversification within each class can effectively minimize risks. For instance, in equity investments, a tried-and-tested method for risk reduction is to diversify an equity portfolio by investing in shares of companies from different sectors with varied market capitalizations. Here, Index Funds become particularly significant. This analysis will comprehensively examine Index Funds, explore their types available in India, outline their benefits, and more.

","faqs":"

What is diversification in investment?

Diversification is the strategy of spreading investments across various asset classes to reduce risk.

How do index funds contribute to a balanced portfolio?

Index funds offer broad market exposure, low costs, and ease of management that help stabilize overall portfolio performance.

What are the benefits of investing in index funds?

They provide cost-effective diversification, lower risk through market representation, and ease of investing without active management.

What types of index funds are available in India?

India offers various index funds tracking indices like Nifty 50, Sensex, and sector-specific benchmarks, catering to different risk appetites.

How does diversification minimize investment risks?

By allocating investments in various asset classes, diversification reduces the impact of a poor-performing asset on the overall portfolio.

","glossaryKeywords":["index funds"],"framerCategory":"mutual-fund","followUp":["How do changing market conditions influence diversification strategies in index funds?","What are the potential drawbacks of investing solely in index funds?","How can management fees and expenses affect the long-term benefits of index funds?","What role does global asset allocation play in further reducing portfolio risk?","How can investors periodically rebalance their portfolios to maintain optimal diversification?"],"meta":{"description":"Build a balanced portfolio using diversification and index funds in India. Learn how spreading investments across equities, debt, real estate, and gold minimizes risks."},"keyTakeaways":["Diversification is essential to a balanced investment portfolio.","Spreading investments across various asset classes mitigates risks.","Investing in Index Funds within equities enhances portfolio stability.","The blog examines the types and benefits of Index Funds in India."],"recentPosts":["673c6d0ee1a04c2f99f1ec2e","673c6d0ee1a04c2f99f1ec10","673c6d0ee1a04c2f99f1ebfb","673c6d0ee1a04c2f99f1ec0c","673c6d0ee1a04c2f99f1eadd"]},{"_id":"673c6d0ee1a04c2f99f1eba5","title":"Are Iframes a Security Risk? Understanding Restrictions","slug":"/blog/credit-cards/indusind-credit-card-pin-how-to-change-credit-card-pin","createdAt":"2024-07-27T00:00:00.000Z","modifiedAt":"2025-02-01T23:48:38.706Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/8fwxjQa2nFvqAaRkGAIJLe93CVI.jpg","imageAltText":"credit-card-image","summary":"The blog discusses integrating external content through Iframes, highlighting potential security vulnerabilities. Iframes can introduce risks like clickjacking and unauthorized script operations, often prompting network administrators to restrict them for safeguarding user interactions, thereby emphasizing the need for prudent security practices to maintain browsing integrity. Proper implementation of these guidelines enhances safe web content access and overall user experience.","readTime":"15 Mins","author":"Team Pluto","category":"credit-card","mainContent":"

Accessing Web Content

Accessing certain web content or features may result in encountering restrictions or unavailable elements. Iframes, or Inline Frames, are often scrutinized due to security vulnerabilities and display issues when sourcing content from disparate origins. These frames allow embedding external HTML documents within the current one, facilitating smooth integration of interactive elements, videos, or varied web content on a page. However, they may introduce security threats like clickjacking, misleading content displays, or unauthorized script operations. As a precaution, blocking Iframes can be a security measure implemented by network administrators to counteract these risks, thus safeguarding the integrity of web interactions. Understanding these restrictions and adhering to appropriate web security practices can notably improve user experience while aligning with optimal secure browsing protocols.

","faqs":"

What are Iframes?

Iframes embed external HTML documents within a page to integrate interactive content.

Why are Iframes sometimes restricted?

They are restricted to prevent security vulnerabilities such as clickjacking and unauthorized script execution.

How do Iframes affect web security?

Iframes can introduce risks if not managed properly, hence restrictions are used to safeguard users.

What measures can be taken to secure web content?

Blocking or limiting Iframes is one measure that enhances site security and reduces potential threats.

Are there alternatives to using Iframes?

Yes, developers can use modern embedding techniques and secure API integrations as alternatives to Iframes.

","glossaryKeywords":["indusind credit card pin change"],"framerCategory":"credit-card","followUp":["What advanced techniques can websites employ to further mitigate clickjacking risks?","How do modern web security protocols influence the use of Iframes across sites?","What troubleshooting steps can be taken when encountering restricted web content?","Can you explain the balance between user experience and higher security measures?","What are some secure alternatives to Iframes for embedding external web content?"],"meta":{"description":"Learn how web content restrictions and Iframes enhance security by preventing clickjacking and unauthorized actions, ensuring a safe and secure browsing experience."},"keyTakeaways":["Iframes embed external content but may pose security risks.","Risks include clickjacking and unauthorized script execution.","Network administrators may block Iframes to maintain security.","Adhering to secure practices improves user experience."],"recentPosts":["673c6d0be1a04c2f99f1e798","673c6d0be1a04c2f99f1e861","673c6d0be1a04c2f99f1e78a","673c6d0ee1a04c2f99f1ea57","673c6d0ee1a04c2f99f1e9f1"]},{"_id":"673c6d0be1a04c2f99f1e54d","title":"Exploring UCO Bank's 2024 Holiday Calendar by State","slug":"/blog/banking/uco-bank-holiday-list-2024","createdAt":"2024-02-07T00:00:00.000Z","modifiedAt":"2025-02-01T15:51:00.953Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/RKbzueA9fDp1yoVgJaT1JqJN94s.jpg","imageAltText":"banking-image","summary":"UCO Bank’s holiday schedule is meticulously designed following RBI and government guidelines, integrating both national and regional celebrations. It honors significant dates like Republic Day, Independence Day, and culturally diverse festivities to promote inclusivity and work-life balance. The calendar reflects the bank’s commitment to employee well-being, cultural respect, and continuous improvement.","readTime":"15 mins","author":"Team Pluto","category":"banking","mainContent":"

Introduction

UCO Bank's holiday schedule is crafted based on guidelines from the Reserve Bank of India (RBI) and governmental bodies, embracing national holidays like Republic Day (Jan 26), Independence Day (Aug 15), and Gandhi Jayanti (Oct 2) alongside regional festivities, ensuring a rich cultural and religious representation. This blend of holidays underscores UCO Bank's dedication to diversity and inclusion, enabling employees to celebrate significant cultural events.

Andhra Pradesh Holidays:

Pongal: 15 Jan (Monday) - Gazetted
Kanuma Panduga: 16 Jan (Tuesday) - Restricted
Republic Day: 26 Jan (Friday) - Gazetted
Mahashivratri: 08 Mar (Friday) - Gazetted
Holi: 25 Mar (Monday) - Restricted
Good Friday: 29 Mar (Friday) - Gazetted
...and more

Arunachal Pradesh Holidays:

New Year's Day: 01 Jan (Monday) - Restricted
Pongal: 15 Jan (Monday) - Gazetted
Republic Day: 26 Jan (Friday) - Restricted
State Day: 20 Feb (Tuesday) - Gazetted
Holi: 25 Mar (Monday) - Gazetted
...

Assam Holidays:

Makar Sankranti: 15 Jan (Monday) - Gazetted
Magh Bihu: 14 Jan (Sunday) - Restricted
Republic Day: 26 Jan (Friday) - Gazetted
Me-Dum-Me-Phi: 31 Jan (Wednesday) - Restricted
...

Bihar Holidays:

Makar Sankranti: 15 Jan (Monday) - Restricted
Republic Day: 26 Jan (Friday) - Gazetted
Holi: 21 Mar (Thursday) - Restricted
Good Friday: 29 Mar (Friday) - Gazetted
...

Chhattisgarh Holidays:

Makar Sankranti: 15 Jan (Monday) - Restricted
Republic Day: 26 Jan (Friday) - Gazetted
Maha Shivratri: 04 Mar (Monday) - Restricted
...

Goa Holidays:

Republic Day: 26 Jan (Friday) - Restricted
Carnival: 02 Mar (Saturday) - Restricted
Holi: 21 Mar (Thursday) - Restricted
...

Gujarat Holidays:

Makar Sankranti: 14 Jan (Sunday) - Restricted
Republic Day: 26 Jan (Friday) - Gazetted
Maha Shivratri: 04 Mar (Monday) - Restricted
...

Haryana Holidays:

Makar Sankranti: 14 Jan (Sunday) - Restricted
Republic Day: 26 Jan (Friday) - Gazetted
Maha Shivratri: 04 Mar (Monday) - Restricted
...

Himachal Pradesh Holidays:

Makar Sankranti: 15 Jan (Monday) - Restricted
Republic Day: 26 Jan (Friday) - Gazetted
Maha Shivratri: 04 Mar (Monday) - Restricted
...

Jharkhand Holidays:

Makar Sankranti: 15 Jan (Monday) - Restricted
Republic Day: 26 Jan (Friday) - Gazetted
Maha Shivratri: 04 Mar (Monday) - Restricted
...

Jammu and Kashmir Holidays:

Makar Sankranti: 15 Jan (Monday) - Restricted
Republic Day: 26 Jan (Friday) - Gazetted
Maha Shivratri: 04 Mar (Monday) - Restricted
...

Karnataka Holidays:

Makar Sankranti: 15 Jan (Monday) - Restricted
Republic Day: 26 Jan (Friday) - Gazetted
Maha Shivratri: 04 Mar (Monday) - Restricted
...

Conclusion

In conclusion, UCO Bank's holiday calendar captures the essence of cultural respect and inclusivity by marking both national and regional holidays. These observances honor landmarks in India's history like Republic Day, Independence Day, and Gandhi Jayanti, while regional events showcase the bank's commitment to workplace harmony. Encouraging work-life balance, the holiday schedule supports employee wellbeing and follows RBI and government mandates. Future enhancements may include feedback-driven updates, further enriching cultural appreciation and understanding within the bank.

","faqs":"

What guidelines shape UCO Bank’s holiday schedule?

UCO Bank’s holiday calendar is designed based on RBI and governmental mandates, ensuring adherence to national policies.

Which national holidays are included in this schedule?

The schedule features key national observances such as Republic Day, Independence Day, and Gandhi Jayanti.

Are regional holidays also part of UCO Bank's calendar?

Yes, regional festivities from states like Andhra Pradesh, Assam, and Gujarat are included to honor local cultural traditions.

How does the holiday calendar promote work-life balance?

By recognizing both national and regional holidays, the calendar ensures employees can enjoy meaningful breaks and celebrate cultural events.

Can employee feedback influence future updates to the holiday schedule?

Absolutely, UCO Bank values feedback and may update the holiday calendar to further enhance cultural inclusivity and employee satisfaction.

","glossaryKeywords":[],"framerCategory":"banking","followUp":["How does UCO Bank communicate updates or changes to the holiday schedule?","What factors are considered when incorporating new regional holidays?","How can employees provide feedback or suggestions regarding the holiday calendar?","Are there any special guidelines for state-specific holiday adjustments at UCO Bank?","How does the integration of diverse holidays impact the overall workplace culture?"],"meta":{"description":"Discover UCO Bank's inclusive holiday schedule guided by RBI mandates—celebrating national and regional observances to promote cultural diversity and work-life balance."},"keyTakeaways":["Adheres to RBI and government guidelines.","Integrates national and regional holidays.","Promotes cultural respect and inclusivity.","Supports employee well-being and work-life balance."],"recentPosts":["673c6d0ee1a04c2f99f1e9b0","673c6d0ee1a04c2f99f1e9b6","673c6d0ee1a04c2f99f1e9b4","673c6d0ee1a04c2f99f1eb23","673c6d0be1a04c2f99f1e7a0"]},{"_id":"673c6d0be1a04c2f99f1e895","title":"How to Check Punjab & Sind Bank Account Balance Easily?","slug":"/blog/punjab-sind-bank-balance-check-a-convenient-option-for-customers","createdAt":"2024-03-21T00:00:00.000Z","modifiedAt":"2025-02-02T01:44:22.515Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/DedeZwWP4kQn9AFBpCMTDyoCOA.jpg","imageAltText":"blog-image","summary":"Punjab and Sind Bank (PSB) is a key player in India's banking industry,\noffering a broad range of banking services nationwide. PSB provides a\nconvenient network of branches and access via netbanking and mobile\nbanking , enabling customers to effortlessly manage account details.","readTime":"15 Mins","author":"Team Pluto","category":"blog","mainContent":"

Punjab and Sind Bank (PSB)

is a key player in India's banking industry, offering a broad range of banking services nationwide. PSB provides a convenient network of branches and access via netbanking and mobile banking, enabling customers to effortlessly manage account details. Account balance checks with Punjab & Sind Bank can be executed through several methods like missed call banking, SMS banking, and ATMs.

Among the easiest ways to verify account balances is through PSB's SMS banking services. Customers can send a missed call or SMS from their registered phone to the bank's toll-free number to instantly receive balance details.

For tech-savvy users, PSB offers netbanking services. Customers can log in with a User ID and Password to view account balances, transaction history, mini-statements, and facilitate fund transfers.

The PSB mPay app, accessible on both the Google Play Store and Apple App Store, is another effective tool. It enables users to track account balances, transfer money, pay bills, and monitor account activities with ease.

Additionally, customers can use their PSB passbook to keep track of transactions and current balances, updated by visiting any nearby branch.

Moreover, visiting a Punjab & Sind Bank ATM allows for immediate balance inquiries. By using their ATM card and selecting 'Balance Enquiry / Balance Check,' customers can quickly view their balance on the screen.

In summary, Punjab & Sind Bank provides multiple options to check account balances, from SMS banking to netbanking, mobile apps, passbooks, and ATMs, ensuring customers stay on top of their financial positions.

Customer Experience: Feedback from Punjab & Sind Bank Clients

Several customers find the UPI app incredibly convenient for online balance checks. Utilizing apps like Google Pay, users can swiftly verify their account balance, proving popular for its promptness.

Some clients still prefer traditional SMS banking for offline balance verifications. Though less used than digital methods, SMS banking remains a dependable option for those prioritizing offline transactions.

Pooja Gahlot, a contented PSB customer, states that she primarily uses the UPI app for balance inquiries, occasionally turning to SMS banking.

In conclusion, Punjab & Sind Bank offers varied, reliable methods for checking account balances, addressing diverse customer needs.

","faqs":"

How can I check my Punjab & Sind Bank account balance using SMS banking?

You can check your account balance by sending a missed call or SMS from your registered mobile to the designated toll-free number.

Is it possible to check Punjab & Sind Bank account balance online?

Yes, you can view your balance online through PSB's netbanking portal or mobile banking apps like mPay.

What is the process for a balance enquiry at Punjab & Sind Bank ATMs?

Insert your ATM card, choose the 'Balance Enquiry' option, and your account balance will be immediately displayed on the screen.

Are there any charges associated with checking the account balance at Punjab & Sind Bank ATMs?

No, checking your account balance at PSB ATMs is completely free of charge.

Can I update my passbook to check the latest account transactions?

Yes, you can visit your nearest branch to update your passbook and review your balance and recent transactions.

","glossaryKeywords":[],"framerCategory":"blog","followUp":["What security measures are in place for PSB's online and mobile banking services?","How can I troubleshoot issues when using SMS or netbanking for balance enquiries?","Are there any additional charges for using mobile apps or online services at PSB?","How quickly are transactions and balance updates reflected on PSB's digital platforms?","What other banking features can I access through PSB's mPay app aside from balance enquiries?"],"meta":{"description":"Easily check your Punjab & Sind Bank account balance via SMS, netbanking, mobile apps, ATMs, and passbook updates for seamless financial management."},"recentPosts":["673c6d0ee1a04c2f99f1e92f","673c6d0be1a04c2f99f1e895","673c6d0ee1a04c2f99f1e927","673c6d0be1a04c2f99f1e7a1","673c6d0be1a04c2f99f1e8c7"]},{"_id":"673c6d0ee1a04c2f99f1ec2c","title":"Investing in Real Estate Mutual Funds in India: Why Try?","slug":"/blog/mutual-fund/real-estate-funds","createdAt":"2024-06-13T00:00:00.000Z","modifiedAt":"2025-02-02T00:25:53.379Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/FDBvf2g5lKfLZbh4hcOEJNmmtDA.jpg","imageAltText":"mutual-fund-image","summary":"The blog discusses how real estate is a popular choice for wealth creation worldwide despite the high costs involved. It highlights real estate mutual funds in India as a practical alternative. The analysis outlines the key features and advantages of these funds for potential investors.","readTime":"6 Mins","author":"Team Pluto","category":"mutual-fund","mainContent":"

Real Estate Investment Analysis

Real estate is a popular choice for wealth creation worldwide, although the significant expense of acquiring property can deter many prospective investors. For those optimistic about the future expansion of the real estate sector, investing in Real Estate Mutual Funds in India offers a practical alternative. This analysis provides details on the characteristics and advantages of these funds, explaining why they might be the right investment choice for you.

","faqs":"

What are Real Estate Mutual Funds in India?

They pool investors’ money to invest in diversified real estate projects, offering a lower cost and risk alternative to buying property directly.

How do these funds contribute to wealth creation?

They provide access to lucrative real estate markets without requiring massive capital, enabling steady wealth accumulation over time.

What are the primary benefits of investing in these funds?

Benefits include diversification, reduced entry barriers, professional management, and potential for attractive returns.

How does diversification work in real estate mutual funds?

Diversification spreads investments across various projects and locations, mitigating the risk associated with any single investment.

What should investors consider before selecting a real estate mutual fund?

Investors should assess fund performance, management expertise, fees, market trends, and alignment with their financial goals.

","glossaryKeywords":["real estate funds"],"framerCategory":"mutual-fund","followUp":["How do real estate mutual funds compare with direct property investments in terms of liquidity and risk?","What strategies do fund managers employ to select and manage real estate investments effectively?","How might economic trends in India affect the performance of real estate mutual funds?","What are the potential long-term benefits and drawbacks of investing in real estate mutual funds compared to traditional property ownership?","How can investors stay updated on market trends and the performance of their real estate investments?"],"meta":{"description":"Explore real estate mutual funds in India as a cost-effective, diversified investment for wealth creation and an alternative to direct property ownership."},"keyTakeaways":["Real estate is a favored wealth-building strategy globally.","High property costs can deter direct investment.","Real estate mutual funds in India offer a practical, diversified option.","The analysis explains the benefits and features of these funds."],"recentPosts":["673c6d0ee1a04c2f99f1eb1f","673c6d0be1a04c2f99f1e641","673c6d0be1a04c2f99f1e896","673c6d0ee1a04c2f99f1ec16","673c6d0be1a04c2f99f1e896"]},{"_id":"673c6d0ee1a04c2f99f1ebce","title":"How to Maximize Your 2024 Returns with HDFC Fixed Deposits?","slug":"/blog/fixed-deposit/hdfc-bank-fixed-deposit-rates-2024","createdAt":"2024-04-16T00:00:00.000Z","modifiedAt":"2025-02-02T00:02:16.874Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/ZizHDUm3GdQX16gwFCGArb7FMD0.jpg","imageAltText":"fixed-deposit-image","summary":"The blog explains HDFC Bank’s Fixed Deposits highlighting key benefits like competitive interest rates, senior citizen privileges, flexible deposit terms, and multiple FD schemes including tax-saving and insurance-linked options. It provides detailed rate information, eligibility criteria, and step-by-step guides for opening FD accounts via digital channels or in-person. The content offers clear insights for informed investment decisions.","readTime":"6 Mins","author":"Team Pluto","category":"fixed-deposit","mainContent":"

HDFC Bank Limited

, a premier private sector bank in India headquartered in Mumbai, ranks as the third-largest by market capitalization on Indian stock exchanges. It provides an extensive array of financial products, including wholesale and retail banking services, loans, and credit card facilities.

With HDFC Bank Fixed Deposits (FDs), individuals can invest surplus funds for fixed durations, securing competitive returns without withdrawals during the deposit term.

Key Features and Benefits of HDFC Bank Fixed Deposits

Features and Benefits of HDFC FD

Senior Citizen Benefit: Offers an extra 0.50% p.a. interest for seniors above standard rates.
Minimum Deposit: Initiate an FD with at least Rs. 5,000.
Nomination Facility: Available for all account holders.
Competitive Interest Rates: Attractive rates on FDs.
Sweep-in and Super Saver Facilities: Additional flexibility for managing your FD.
Compound Interest: Interest on earned interest, optimizing your returns.

HDFC Bank Fixed Deposit Rates for 2024

Tenure	Interest Rate (PA)	Senior Citizens Rate (PA)
7 days - 29 days	3%	3.5%
1 month - 1 month 15 days	3.5%	4%
1 month 16 days - 5 months 27 days	4.5%	5%
5 months 28 days - 8 months 30 days	5.75%	6.25%
9 months - 11 months 30 days	6%	6.5%
1 year - 1 year 3 months	6.6%	7.1%
1 year 3 months 1 day - 1 year 5 months 29 days	7.1%	7.6%
1 year 6 months - 1 year 8 months 29 days	7.25%	7.75%
1 year 8 months 30 days - 2 years 11 months	7%	7.5%
2 years 11 months 1 day - 2 years 11 months 1 day	7.15%	7.65%
2 years 11 months 2 days - 4 years 6 months 28 days	7%	7.5%
4 years 6 months 29 days - 4 years 6 months 29 days	7.2%	7.7%

Different Types of HDFC Bank FD Schemes

HDFC Bank Senior Citizen Care FD

This scheme caters specifically to individuals aged 60 and above, providing an extra 0.75% interest over the regular premium.

Maximum FD amount for seniors: Less than Rs. 5 crores.
Tenure: Ranges from 5 years 1 day to 10 years.
Early termination of less than 5 years entails a 1% interest penalty, while periods over 5 years see a 1.25% deduction.
FDs can be opened online using HDFC Bank's digital tools.

HDFC Bank SureCover FD

This offering blends a standard FD with life insurance equal to the deposit sum, which can range from Rs. 2 lakh to Rs. 10 lakh.

Flexible tenure: From 1 to 10 years.
Follows standard interest rates as regular FDs.
Access an immediate overdraft of 90% of the FD amount.

HDFC Bank Five-Year Tax Saving Fixed Deposit

Minimum and Maximum Amount: Rs. 100 to Rs. 1.5 Lakhs per annum.
Tenure: Locked in for 5 years.
Eligible for tax benefits under Section 80C.
Exclusively crafted for resident individuals and Hindu Undivided Families.

HDFC Bank Overdraft Against Fixed Deposits

Facilitates access to up to 90% of the FD via overdraft for immediate financial requirements.
Required minimum FD is Rs. 25,000 with a duration of at least 6 months and 1 day.
Quick utilization via NetBanking.

Advantages:

Interest is calculated only on the utilized amount.
FDs maintain interest accrual even after partial withdrawals.
Maturity details or renewals can be adjusted before the end date.
Overdraft cancellations are achievable through net banking for singly-held FDs.

Guide to Opening an HDFC Bank Fixed Deposit Account

An FD account can be conveniently opened through HDFC's mobile app, internet banking, or by visiting a branch.

Internet Banking Process:

Access NetBanking and navigate to 'Open Fixed Deposits' under 'Transact.'
Select your branch, set the FD terms and deposit amount, and choose a beneficiary.
Confirm your information, and download the deposit acknowledgment immediately.

Mobile App - HDFC Bank App:

Install the HDFC Bank App and log in.
Go to the 'Deposit' option under the 'Save' tab and select 'Open Fixed Deposit.'
Enter deposit details, confirm, and complete the setup.
The receipt is instantly available for download.

In-Person at HDFC Bank Branch:

Visit your nearby branch.
Fill out the FD form and submit necessary documents.
Receive your FD receipt after processing is done.

Eligibility and Requirements for Opening an HDFC Fixed Deposit

Eligibility extends to Indian residents, sole proprietorships, trusts, limited companies, Hindu Undivided Families (HUF), and partnership firms.

Documents Required for FD Account Opening

Identity Proof: Options include Aadhaar, Voter ID, PAN, Driver's License, Passport, or a valid government-issued ID.
Address Proof: Submissions could be a utility bill, bank statement with cheque, or a recognized postal ID.

Policy on Premature Withdrawal of HDFC Fixed Deposits

Upon early withdrawal, the interest rate applies as per the lower of the original deposit rate or the rate corresponding to the actual period held. A 1% penalty is imposed for withdrawals made in durations ranging from 7-14 days.

","faqs":"

How can I open an HDFC Bank Fixed Deposit account?

You can open an FD account through HDFC’s NetBanking, mobile app, or by visiting a branch.

What is the minimum deposit required for an HDFC Bank FD?

The minimum deposit to initiate an FD is Rs. 5,000.

Are there special FD schemes for senior citizens?

Yes, HDFC offers a Senior Citizen Care FD with an extra interest boost for customers over 60.

Can I avail an overdraft facility against my fixed deposit?

Yes, you can access up to 90% of your FD amount via the overdraft facility.

How do I receive my FD receipt and manage renewals?

FD receipts are immediately available on digital channels, and you can adjust renewals via net banking or at your branch.

","glossaryKeywords":["hdfc bank fixed deposit rates-2024"],"framerCategory":"fixed-deposit","followUp":["What security measures protect transactions during FD account opening?","How can I resolve issues encountered during the online FD application process?","Are there any penalties or charges for premature FD withdrawals?","What additional flexibility do features like sweep-in and super saver facilities offer?","How can I maximize tax benefits using the HDFC Bank Five-Year Tax Saving Fixed Deposit?"],"meta":{"description":"Discover HDFC Bank Fixed Deposits offering competitive rates, senior citizen benefits, flexible tenures, and hassle-free account opening via digital channels or branch visits."},"keyTakeaways":["HDFC Bank offers diverse FD schemes with competitive rates.","Special benefits include senior citizen privileges and tax-saving options.","Guidelines for opening an FD are provided via online, mobile, or branch channels.","Detailed rate charts and penalty policies for premature withdrawals are included."],"recentPosts":["673c6d0ee1a04c2f99f1eadf","673c6d0be1a04c2f99f1e553","673c6d0ee1a04c2f99f1eb15","673c6d0ee1a04c2f99f1ebd2","673c6d0ee1a04c2f99f1ebcc"]},{"_id":"673c6d0ee1a04c2f99f1ebde","title":"HDFC Bank RD Schemes: Are These Interest Rates for You?","slug":"/blog/recurring-deposit/hdfc-recurring-deposit-interest-rate-2024","createdAt":"2024-04-29T00:00:00.000Z","modifiedAt":"2025-02-02T00:08:59.618Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/ktdPHbMWRJAAQZ0qOUadbDJllrM.jpg","imageAltText":"recurring-deposit-image","summary":"HDFC Bank offers recurring deposit schemes with competitive rates ranging from 4.50% to 7%, available to a broad range of customers including residents, minors, NRIs, and organizations. The blog details eligibility criteria, required documents, flexible deposit terms, and procedures for early withdrawals and tax implications. Customers can conveniently open RD accounts through branches or online banking.","readTime":"7 Mins","author":"Team Pluto","category":"recurring-deposit","mainContent":"

HDFC Bank, India's second-largest private sector bank, has been offering recurring deposit (RD) schemes with attractive interest rates since its establishment in 1994. The bank provides interest rates ranging from 4.50% to 7% annually on RDs, with deposits starting from Rs. 1,000 up to Rs. 14,99,900 for terms from 6 months to 10 years.

Eligibility Criteria for Recurring Deposits

Residency: Available for Indian residents including citizens, permanent, and temporary residents.
Minors: Children aged 10+ may open an RD with a guardian's approval to encourage financial literacy and savings.
NRIs and PIOs: Non-resident Indians and Persons of Indian Origin are eligible, offering a channel to invest in Indian markets.
Organizations: Companies, partnerships, sole proprietorships, and Hindu Undivided Families (HUFs) can open RDs to maximize surplus funds.
Trusts: Eligible for RD accounts to secure investments and asset growth.
Companies: Corporate entities can include RD accounts in treasury strategies for stable and low-risk returns.
Partnership Firms: Allow collective saving and investment via RD accounts.

Required Documents

Application Form: Essential for initiating an RD account.
KYC Documents: Necessary for identity and address verification to comply with regulations.
JYC Documents for Partnerships: Required for partnership details and roles.
KYC and HUF Declaration for HUFs: Encompasses KYC and family legitimacy declarations.
Passport Size Photo: Assists in identity verification and recordkeeping.

HDFC Recurring Deposit Schemes

Interest Rates and Minimum Deposit: Competitive rates similar to fixed deposits, starting at Rs. 1,000.
Flexibility and Prepayment Policy: Offers flexible deposit schedules without penalties for early withdrawals.
NRI Options: Available for NRIs with flexible tenures from 1 to 10 years.

Premature Withdrawal

HDFC Bank provides convenient liquidation via branch or online banking. However, premature withdrawals result in reduced interest as per bank policies, with only principal and partial interest refunded.

Tax on Recurring Deposits

TDS is levied when the total interest from FDs and RDs exceeds Rs. 40,000 in a fiscal year (Rs. 50,000 for elderly accounts). Insufficient balance results in RD interest deductions. Form 15G/H submission exempts TDS if within income limits.

Opening an HDFC RD Account

Customers can open an RD through a branch or via net banking. Existing clients can rapidly open e-RD online, while new customers must first establish an account for e-RD setup. The HDFC Dream Deposit provides additional benefits akin to fixed deposits as of 2024. Always review terms carefully.

Calculating HDFC RD Maturity Amount

Maturity amount can be calculated using the formula: A = P*(1+R/N)^(Nt) where A is the maturity value, P represents the principal, R is the interest rate, N is the compounding frequency annually, and t denotes tenure in years.

Nomination Policy for RD Accounts

Single-name RD accounts allow a nominee choice identical to the primary account. For joint accounts, nominees should match those in the primary savings account, easily managed via net banking.

","faqs":"

What are the eligibility criteria to open an HDFC RD account?

Indian residents, including minors with guardian approval, NRIs, organizations, trusts, companies, and partnership firms are eligible.

What documents are required for opening an HDFC RD account?

You need a filled application form, KYC documents, a passport size photo, and additional documents for partnerships or HUFs.

Are there penalties for premature withdrawal of an HDFC RD?

Yes, premature withdrawals result in reduced interest payouts as per HDFC Bank's policies, refunding only the principal and partial interest.

How can one calculate the RD maturity amount?

Use the formula A = P*(1+R/N)^(Nt), where P is the principal, R is the interest rate, N is the compounding frequency, and t is the tenure in years.

Is tax deducted on the interest earned from an HDFC RD?

TDS is levied if the interest exceeds Rs. 40,000 annually (Rs. 50,000 for elderly accounts), unless exempted via Form 15G/H.

","glossaryKeywords":[],"framerCategory":"recurring-deposit","followUp":["What security measures does HDFC Bank implement to protect RD accounts?","How can customers resolve issues faced during online RD account management?","Are there any service fees for managing additional features of HDFC RD accounts?","How does the HDFC Dream Deposit differ from traditional recurring deposits?","What impact does the compounding frequency have on the final maturity amount of an RD?"],"meta":{"description":"Discover HDFC Bank’s recurring deposit schemes with competitive rates, flexible terms, clear eligibility criteria, and insights on tax, premature withdrawal, and maturity calculations."},"keyTakeaways":["Attractive RD schemes with rates between 4.50% and 7%.","Eligibility extends to residents, minors, NRIs, and various organizations.","Clear guidelines on required documents and application procedures.","Flexible deposit options with provisions for premature withdrawals.","Detailed information on tax deduction and maturity calculation."],"recentPosts":["673c6d0ee1a04c2f99f1eae1","673c6d0ee1a04c2f99f1ea11","673c6d0ee1a04c2f99f1eacf","673c6d0ee1a04c2f99f1ebd8","673c6d0ee1a04c2f99f1ebd9"]},{"_id":"673c6d0ee1a04c2f99f1ebd2","title":"Why Choose BOI Fixed Deposits? Explore 2024 Rates","slug":"/blog/fixed-deposit/bank-of-india-fd-rates-2024","createdAt":"2024-04-16T00:00:00.000Z","modifiedAt":"2025-02-02T00:04:17.308Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/X3YKohw1e5vltxviLqHivF7sA6I.jpg","imageAltText":"fixed-deposit-image","summary":"Bank of India provides diverse fixed deposit schemes including regular, tax-saving, short-term, NRE, NRO, FCNR, and specialized term deposits with flexible tenures from 7 days to 10 years, competitive interest rates, and exclusive senior citizen benefits. The blog explains eligibility, required documents, multiple opening channels, and premature withdrawal penalties, serving as a comprehensive guide for potential depositors.","readTime":"7 Mins","author":"Team Pluto","category":"fixed-deposit","mainContent":"

Bank of India

(BOI), a leading nationalized bank, is headquartered in Mumbai, India. BOI caters to both retail and corporate clients through a wide range of banking and financial services.

As a SWIFT network founder, BOI facilitates streamlined international financial transactions. Their variety of fixed deposit schemes offer an excellent way to secure savings with interest rates often higher than regular savings accounts.

Highlights and Advantages of BOI Fixed Deposits:

Tenure Options: Choose from terms of 7 days to 10 years.
Nomination Facility: Easily nominate someone for your account.
Loan/Overdraft: Borrow up to 90% of the deposit amount.
Seniors' Benefit: An extra 0.50% interest for senior citizens.
Diverse FD Plans: Multiple schemes to suit different needs.
Minimum Investment: Start with just Rs. 10,000.

BOI FD Interest Rates 2024

Tenure	Interest Rate (PA)	Seniors' Rate (PA)
7 days - 1 month 15 days	3%	3.5%
1 month 16 days - 5 months 26 days	4.5%	5%
5 months 27 days - 8 months 25 days	5.5%	6%
8 months 26 days - 11 months 30 days	5.75%	6.25%
1 year - 1 year 11 months 30 days	6.8%	7.3%
2 years	7.25%	7.75%
2 years 1 day - 2 years 11 months 30 days	6.75%	7.25%
3 years - 4 years 11 months 30 days	6.5%	7%
5 years - 9 years 11 months 29 days	6%	6.5%

BOI FD Schemes Overview

Regular Fixed Deposit:

Urban requires a minimum of Rs 10,000 and rural Rs 5,000. Interest is semi-annual, with no penalty for closure after 12 months if under Rs 5 lakh.

Star Sunidhi Tax-Saving Deposit:

Requires a 5 to 10-year term; premature withdrawal allowed only upon depositor's death.

Short Term Deposit:

Requires at least Rs 1 lakh, with a 6-month maximum, subject to regular FD terms for early closure.

Double Benefit Term Deposit:

Interest is compounded quarterly and paid at maturity, with penalties for early closure.

Motor Accident Claims Term Deposit:

Tenure ranges from 3 to over 10 years, withdrawn only by court order, no death penalties.

NRE Term Deposit:

Offers 1 to 10-year terms, tax-exempt and repatriable with no interest for early withdrawal within 12 months.

NRO Term Deposit:

Offers 7 days to 10-year terms, tax applies, repatriation up to USD 1 Million.

FCNR Deposit:

Available in different foreign currencies, 1 to 5-year terms, tax-exempt.

RFC Deposit:

Tenure of 1 to 3 years, fully repatriable and tax-exempt for non-residents.

Capital Gain Tax Saving:

Savings and term deposit options available, subject to TDS.

Opening a BOI Fixed Deposit

You can open a BOI FD via internet banking, mobile apps, or branch visits. For internet banking, log in and choose 'Fixed Deposit' to proceed. On mobile apps, select 'Open FD' after logging in. For branch service, complete the necessary forms and submit both documents and deposit.

Eligibility for BOI Fixed Deposit

Eligible depositors include Indian residents, individuals/joint account holders, minors, senior citizens, societies, trusts, sole proprietorships, companies, clubs, and NRIs through NRE/NRO accounts.

Required Documents for BOI Fixed Deposit

Identity Proof:

Aadhaar, PAN, passport, photo ID ration card, voter ID, senior citizen ID, driving license.

Address Proof:

Electricity/telephone bills, Aadhaar, passport, driving license, postal certificate.

Premature Withdrawal of BOI Fixed Deposits

BOI allows early FD withdrawal. A 0.5% penalty applies for sums below Rs 5 lakh if withdrawn before 12 months; sums above Rs 5 lakh incur penalties regardless of the withdrawal period.

","faqs":"

What are the key benefits of Bank of India's fixed deposit schemes?

They offer flexible tenures, competitive interest rates, nomination facilities, loan options against deposits, and special benefits for senior citizens.

How can I open a BOI Fixed Deposit?

You can open a BOI FD via internet banking, mobile apps, or by visiting any BOI branch with the required documents.

What documents are required to open a BOI Fixed Deposit?

You need identity proof (like Aadhaar, PAN, passport) and address proof (such as utility bills or passport) to open an FD.

Is premature withdrawal allowed for BOI Fixed Deposits?

Yes, premature withdrawal is allowed, with a penalty of 0.5% applicable based on the withdrawal amount and tenure.

Who is eligible to open a BOI Fixed Deposit?

Eligibility extends to Indian residents including individuals, joint account holders, minors, senior citizens, companies, and NRIs through NRE/NRO accounts.

","glossaryKeywords":["bank of india fd rates-2024"],"framerCategory":"fixed-deposit","followUp":["What security measures protect online and mobile fixed deposit transactions at BOI?","How can I troubleshoot common issues while accessing BOI's internet or mobile banking services for FDs?","Are there any hidden fees or charges associated with BOI Fixed Deposits beyond the premature withdrawal penalties?","What additional benefits do nomination and overdraft facilities offer to fixed deposit account holders?","How does the interest calculation method work when a fixed deposit is closed prematurely?"],"meta":{"description":"Explore Bank of India's extensive fixed deposit schemes offering flexible tenures, competitive rates, nomination, loan facilities, and secure online application for your savings."},"keyTakeaways":["Diverse FD schemes cater to varied depositor needs.","Flexible tenures and competitive rates with senior benefits.","Multiple channels enable easy account opening.","Clear eligibility, documentation, and withdrawal penalty guidelines provided."],"recentPosts":["673c6d0ee1a04c2f99f1ebce","673c6d0ee1a04c2f99f1eaf2","673c6d0be1a04c2f99f1e809","673c6d0ee1a04c2f99f1ebcc","673c6d0ee1a04c2f99f1eadf"]},{"_id":"673c6d0be1a04c2f99f1e54c","title":"Explore Indian Bank Holidays 2024: State-by-State Guide","slug":"/blog/banking/indian-bank-holiday-list-2024","createdAt":"2024-02-08T00:00:00.000Z","modifiedAt":"2025-02-01T15:50:31.305Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/xD7duMLJ3oJqq5d56LiRteWCkNk.jpg","imageAltText":"banking-image","summary":"This comprehensive guide outlines India's bank holidays for 2024, detailing state-wise observances that honor both national and religious events. It highlights the country's rich cultural tapestry, from Himalayan traditions in Ladakh to vibrant festivals in Gujarat and West Bengal. The blog emphasizes careful planning and the socio-economic impact of these holidays on modern India.","readTime":"15 Mins","author":"Team Pluto","category":"banking","mainContent":"

Introduction

Bank holidays in India are arranged by central and state governments along with banking authorities to honor national and religious events, ensuring nationwide closure of banks. The Indian Bank Holidays for 2024 are declared in advance, helping individuals plan their banking activities. This guide presents a comprehensive list for each state in India.

India's cultural diversity is a mosaic of festivals unique to its regions. Knowing local bank holidays aids in event planning while highlighting cultural significance.

Starting with Ladakh, a peaceful Union Territory famous for its Himalayan landscapes, bank holidays reflect national pride and religious traditions. Nearby, Himachal Pradesh appreciates its mountainous scenery and cultural legacy within its holiday schedule. In Punjab, rich cultural heritage includes vibrant festivals like Vaisakhi and important days such as Martyrs' Day. Haryana's holidays honor agricultural traditions alongside modern festivities.

In the east, West Bengal stays vibrant with celebrations like Durga Puja and Eid al-Fitr, showcasing its inclusive culture. Assam's calendar presents colorful festivals like Bihu, depicting its lively cultural atmosphere.

Southern India, in Kerala, resonates with scenic beauty from Onam festivities to Good Friday's solemnity. In neighboring Tamil Nadu, holidays encompass a wide range of religious observations.

Maharashtra, home to Mumbai, merges grand celebrations like Ganesh Chaturthi with solemn days like Gandhi Jayanti. Gujarat celebrates its lively cultural richness through Navratri and Diwali.

Madhya Pradesh and Uttar Pradesh's central region holidays underscore historical and cultural heritages, celebrating events from Makar Sankranti to Ambedkar Jayanti.

The 2024 state-wise holiday list gives insights into regional customs, helping residents and visitors in planning.

List of Indian Bank Holidays 2024 (State-wise)

It's important to note that bank holidays vary across Indian states. Here's a breakdown starting with Andaman and Nicobar, highlighting Republic Day on January 26th, Holi on March 8th, and other events all year. Andhra Pradesh includes Pongal on January 15th and notable events like Ugadi on March 22nd.

Arunachal Pradesh celebrates New Year’s Day on January 1st followed by State Day on February 20th. Assam marks Magh Bihu on January 14th, continuing with cultural celebrations through to Christmas.

Bihar sees major festivals like Holi on March 8th and Diwali on November 12th. Chandigarh and other union territories have a mix of national and state holidays. Goa's calendar features lively festival days like Gudi Padwa on April 6th, reflecting coastal traditions. Gujarat, rich in customs, observes Cheti Chand on March 20th while Haryana marks Shahidi Divas on March 23rd. Himachal Pradesh includes several local observances. Jammu and Kashmir spotlight days like Shab-I-Miraj on March 18th. Jharkhand features Sarhul on March 17th alongside national days like Republic Day. Karnataka celebrates Ugadi on April 6th, showcasing its cultural heritage.

Across India, these holidays symbolize national unity amidst diversity.

The conclusion underscores bank holidays as a reflection of India's cultural richness, promoting unity and impacting socio-economic aspects as the holiday calendar aligns with the modern Indian identity's evolution.

","faqs":"

What are Indian bank holidays?

Indian bank holidays are designated days when banks remain closed to honor national events and regional celebrations.

How do bank holidays differ across Indian states?

Each state observes its own unique set of holidays reflecting local cultural, religious, and historical events.

When are the major national bank holidays in 2024?

Important national holidays include Republic Day on January 26th, along with festivals like Holi, Diwali, and others.

How can I access the state-wise list of bank holidays for 2024?

This guide provides a comprehensive breakdown of bank holidays by state, simplifying your planning process.

Why is it important to be aware of bank holidays?

Knowing bank holidays helps avoid inconvenience, ensuring you plan your banking and personal activities effectively.

","glossaryKeywords":[],"framerCategory":"banking","followUp":["What factors determine the declaration of bank holidays in different regions?","How do local cultural traditions influence the state-specific holiday calendars?","What impact do bank holidays have on the economy and daily business operations?","How do central and state governments coordinate to set the holiday schedule?","Can digital banking platforms integrate bank holiday data for better scheduling and planning?"],"meta":{"description":"Plan your year with our complete guide to Indian Bank Holidays 2024, featuring state-wise schedules and cultural insights on national and regional celebrations."},"keyTakeaways":["Indian bank holidays are set by central and state governments.","The guide details state-specific cultural and religious events.","It aids in planning for banking and festival activities.","The holidays symbolize India's unity and diverse heritage."],"recentPosts":["673c6d0ee1a04c2f99f1eba8","673c6d0ee1a04c2f99f1e90c","673c6d0ee1a04c2f99f1ebca","673c6d0ee1a04c2f99f1eba7","673c6d0be1a04c2f99f1e87c"]},{"_id":"673c6d0be1a04c2f99f1e551","title":"How India Celebrates Unity in Diversity Through Festivals?","slug":"/blog/banking/yes-bank-holiday-list-for-2024","createdAt":"2024-02-07T00:00:00.000Z","modifiedAt":"2025-02-01T15:53:06.958Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/MrhiQG433XqsZtGnmBvBcLASs4.jpg","imageAltText":"banking-image","summary":"The blog highlights YES BANK’s rapid growth and dedication to responsible banking alongside India’s vibrant, diverse festivals. It explores cultural events from national celebrations to regional traditions, emphasizing unity in diversity and community bonding. State-specific holiday schedules are also noted, reflecting the profound social, environmental, and humanitarian values in India.","readTime":"15 Mins","author":"Team Pluto","category":"banking","mainContent":"

Introduction

YES BANK, a prominent financial institution in India, is acclaimed for its swift growth across various domains such as Corporate Investment Banking, Treasury, and Transaction Banking. Its Responsible Banking initiatives underscore a commitment to sustainability, earning national and international recognition.

Exploring India's Colorful Festivals

India is renowned for its diverse and vibrant festivals that represent a rich blend of cultures and traditions. From the snowy peaks of Jammu and Kashmir to the tranquil shores of Kerala, every state revels in unique festive customs. This guide highlights the dynamic festivities across India, showcasing how they nurture unity and joy amongst its varied populace.

India's festival calendar epitomizes unity in diversity, embodied by national celebrations like Republic Day and Independence Day, which pay tribute to India's fight for freedom and commitment to democracy, secularism, and inclusion.

On January 26, Indians celebrate the adoption of the Constitution, reaffirming core national values. August 15 symbolizes India's independence from colonial rule, celebrated with the raising of the national flag and tributes to freedom fighters.

India's cultural richness is prominently displayed through regional festivals. In Punjab, Baisakhi celebrates the harvest with music and feasting. In Gujarat, Navratri injects vibrance with Garba and Dandiya dances in honor of Goddess Durga, while Kerala's grand Onam festival heralds King Mahabali's return, marked by floral displays and grand feasts. In West Bengal, Durga Puja beguiles with lavishly adorned idols and pandals, complemented by music and dance.

Religious festivals in India go beyond faith boundaries. Eid al-Fitr marks the end of Ramadan with prayers and festivities across the country. Diwali, the Festival of Lights, celebrates the victory of good over evil, embraced by Hindus, Sikhs, Jains, and Buddhists alike.

$\"Diwali$

India's festivals also include unique events based on local customs, such as Gujarat's kite festival Uttarayan and Nagaland's captivating Hornbill Festival, showcasing cultural heritage.

Several festivals hold significant social, religious, and environmental meanings. In Tamil Nadu, Pongal celebrates nature's bounty, fostering bonds between humans, animals, and the land, while Raksha Bandhan signifies love and protection among siblings.

In essence, India's festivals are an enduring testament to its vibrant traditions and cultural wealth. Participating in these events, people embrace the spirit of unity that defines this extraordinary nation, offering insights into its soul.

State-wise YES Bank Holidays

Andhra Pradesh: Republic Day - January 26 (Gazetted), Diwali - October 31 (Restricted), Christmas - December 25 (Gazetted)
Arunachal Pradesh: Pongal - January 15 (Gazetted), State Day - February 20 (Gazetted), Diwali - November 01 (Restricted)
Assam: Makar Sankranti - January 15 (Gazetted), Holi - March 25 (Gazetted), Guru Nanak Dev Jayanti - November 15 (Restricted)
Bihar: Republic Day - January 26 (Gazetted), Eid al-Fitr - April 11 (Gazetted), Diwali - October 27 (Restricted)

$\"Festival$

Unity in Diversity: An Indian Festival Insight

The vibrant array of India’s festivals brilliantly showcases cultural diversity across the nation. From the majestic Himalayas to the sunny coastlines of the Indian Ocean, the land pulsates with music, dance, and culinary delights during these celebrations.

These festivals underscore unity in diversity, embodying the cultural ethos and heritage. Despite different languages, religions, and customs, India exudes a spirit of inclusivity and mutual respect.

This festive essence is tangible, as communities unite over common customs and traditions. Holi brings strangers together in a burst of colors, while Eid al-Fitr strengthens communal ties with acts of charity.

Such inclusive festivities invite renewal and community bonding, enhancing participants' sense of belonging.

Additionally, they highlight the preservation of India’s cultural heritage, ensuring its traditions endure. Practices like mehndi designs at weddings and Kathak dance portray artistic persistence.

$\"Festival$

Beyond revelries, India’s festivals address crucial social, environmental, and humanitarian themes. Eco-conscious Ganesha Chaturthi practices and community harmony during Guru Nanak Jayanti reflect a collective sense of responsibility.

In conclusion, festivals in India underscore unity, diversity, and resilience. They celebrate cultural richness while fostering friendship and solidarity. As Mahatma Gandhi aptly stated, “Our ability to reach unity in diversity will be the beauty and the test of our civilization.” Let India's festivals guide us toward a harmonious future that celebrates diversity and cherishes unity.

RBI, MSMEs, NSE, BSE, UX, NPAs, NRI, RTGS

RBI
MSMEs
NSE
BSE
UX
NPAs

","faqs":"

How can I check my YES BANK account balance using SMS banking?

You can check your account balance by sending an SMS or giving a missed call to the designated YES BANK number from your registered mobile.

Is online balance inquiry available for YES BANK accounts?

Yes, you can access your account balance online via YES BANK's net banking portal or mobile app.

What is the process for balance inquiry at YES BANK ATMs?

Visit a YES BANK ATM, insert your card, select the balance inquiry option, and view your account balance instantly.

Are there any charges for balance inquiries at YES BANK ATMs?

No, YES BANK does not levy any charges on balance inquiries conducted through its ATMs.

Can I use my passbook to check my YES BANK account balance?

Yes, you can update your passbook at any YES BANK branch to view your current account balance and recent transactions.

","glossaryKeywords":["yes bank holiday list 2024"],"framerCategory":"banking","followUp":["What security measures are in place to protect my account details during balance inquiries?","How can I troubleshoot if my online or ATM balance inquiry is not working?","What additional features does YES BANK offer through its mobile and net banking platforms?","Are there any special guidelines or restrictions on balance inquiries during bank holidays?","How do I register for SMS and mobile banking to receive real-time updates on my account balance?"],"meta":{"description":"Discover YES BANK's commitment to responsible banking, cultural insights through India's vibrant festivals, and a state-wise holiday guide celebrating unity and diversity."},"keyTakeaways":["YES BANK is renowned for rapid growth and sustainable banking.","India’s festivals celebrate unity, diversity, and community bonding.","National and regional events showcase a rich cultural heritage.","State-specific holidays align financial operations with cultural observances."],"recentPosts":["673c6d0be1a04c2f99f1e549","673c6d0ee1a04c2f99f1eb23","673c6d0be1a04c2f99f1e5aa","673c6d0be1a04c2f99f1e609","673c6d0ee1a04c2f99f1ea4c"]},{"_id":"680249dcd2e7b01b503ce3bb","title":"A Beginner’s Guide to Personal Finance: Meaning, Tips & More","slug":"/blog/banking/personal-finance-made-simple","image":"https://images.unsplash.com/photo-1598429349964-f780d8ea68fc?q=80&w=1386&auto=format&f[…]3&ixid=M3wxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHx8fA%3D%3D","imageAltText":"Personal Finance Made Simple","summary":"This beginner-friendly personal finance guide explains why financial planning is essential and offers 5 simple tips to help you manage your money better. It covers setting SMART goals, assessing your finances, building an emergency fund, and choosing the right investments, including unlisted shares. The blog encourages steady improvement for long-term financial peace of mind.","readTime":"5 min","author":"Team Pluto","category":"banking","mainContent":"

Personal Finance Made Simple

\n Everyone wants to live a life that’s free from financial stress. Whether it’s\n paying bills on time, saving for the future, or just enjoying simple pleasures\n without constantly worrying about money, financial peace of mind is something\n we all hope for. And the truth is, it starts with how well you manage your\n personal finances.\n

\n You don’t need to be an expert or have a big income. What you really need is a\n basic understanding of how to handle the money you earn and spend. In this\n blog, we’ll share simple, useful tips to help you take control of your money\n and feel more secure about your future.\n

\n\n

Why is Personal Finance Important?

\n If you’ve ever felt like your money disappears too fast or you’re unsure how\n to save for the future, personal finance is something you need to focus on.\n Here’s why it’s important:\n

Helps manage daily spending and prepare for future needs
Enables better choices for saving, spending, and financial products
Supports major life goals like buying a house or child’s education
Keeps you on track with bills, loans, and responsibilities
Provides a safety net during emergencies
Puts you in charge of your money—rather than the other way around

\n\n

Tips for Managing Your Personal Finances

\n\n

1. Plan Your Investments Wisely

\n Once your goals are clear, plan your investments accordingly. Choose financial\n products that align with your goals, risk tolerance, and time horizon. Explore\n stocks, mutual funds, and\n consider investing in unlisted shares.\n While they carry more risk, they can offer greater returns.\n

\n If you're new to investing, start small—read simple blogs, watch videos, or\n listen to finance podcasts. You can also seek help from a certified investment\n planner to build a tailored and balanced portfolio.\n

\n\n

2. Understand Where You Stand Financially

Before making any decisions, assess your current financial status:

\n Income: Note all earnings—salary, bonuses, freelance\n income, etc.\n
\n Expenses: Track regular spending like rent, groceries, and\n utilities.\n
\n Debts: List outstanding loans, credit card dues, and\n liabilities.\n
\n Savings & Assets: Check your savings and owned assets like\n FDs, investments, or property.\n

Knowing where you stand helps you plan smarter.

\n\n

3. Set Clear Financial Goals

\n Set specific goals using the SMART method—Specific, Measurable, Achievable,\n Relevant, and Time-bound. For example: Instead of saying “I want to save for a\n car”, say “I’ll save ₹20,000 monthly for 12 months for a car downpayment.”\n This creates clarity and focus.\n

\n\n

4. Build an Emergency Fund

\n An emergency fund helps in sudden situations like job loss or medical issues.\n Start by saving a small portion monthly in a fixed deposit, high-interest\n savings account, or liquid fund. Ideally, aim for 3–6 months of expenses.\n

\n\n

5. Review Your Plan from Time to Time

\n Life changes, so your plan should too. Review goals and savings every few\n months. Got a raise? Expenses changed? New goal? Update your plan accordingly.\n These small tweaks keep you on track.\n

\n\n

Closing Thoughts

\n These tips—from budgeting and saving to emergency funds and\n exploring smart investing strategies—can help you feel more confident about money. Stay focused. Small steps\n create big changes. Best of luck!\n

\n","faqs":"

What is personal finance and why is it important?

Personal finance refers to managing your money, including budgeting, saving, investing, and planning for future goals. It's important because it helps you make informed decisions, avoid debt traps, and achieve long-term financial stability.

\n\n

How can I start managing my personal finances if I’m a beginner?

Begin by understanding where your money goes—track your income, expenses, debts, and savings. Set clear financial goals, start budgeting, build an emergency fund, and explore basic investment options that match your risk level.

\n\n

How much should I save in an emergency fund?

Ideally, you should save enough to cover 3 to 6 months of living expenses. Start small if needed, and build it gradually through monthly savings into a liquid or high-interest savings account.

\n\n

What is the SMART method for financial goals?

SMART stands for Specific, Measurable, Achievable, Relevant, and Time-bound. For example, instead of saying “I want to save money,” a SMART goal would be “I’ll save ₹20,000/month for 12 months to buy a new car.”

\n\n

How often should I review my financial plan?

You should review your financial plan every few months, or whenever there's a major change in income, expenses, or life goals. Regular reviews help ensure you're on track and allow you to adjust your plan as needed.

\n","glossaryKeywords":[],"framerCategory":"","createdAt":"2025-04-18T12:47:24.237Z","modifiedAt":"2025-04-22T11:12:26.055Z","__v":0},{"_id":"673c6d0be1a04c2f99f1e88b","title":"Explore Union Bank of India's Debit Card Options Today","slug":"/blog/union-bank-introduces-different-variants-of-debit-cards","createdAt":"2024-03-21T00:00:00.000Z","modifiedAt":"2025-02-02T01:42:32.604Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/EyKM55M7mSSwMqnVljo1cgXuw.jpg","imageAltText":"blog-image","summary":"Union Bank of India offers a range of debit card options that cater to\ncustomer needs, including options from Visa , RuPay , and\nMasterCard. Here's an overview of these debit cards to assist you in\nchoosing the right one.","readTime":"15 Mins","author":"Team Pluto","category":"blog","mainContent":"

Union Bank of India

Offers a range of debit card options that cater to customer needs, including options from Visa, RuPay, and MasterCard. Here's an overview of these debit cards to assist you in choosing the right one.

Union Bank of India's Debit Card Choices

1. Union Bank Signature Visa Contactless Debit Card

The Signature Visa Contactless Debit Card is popular due to its no minimum balance constraint, offering a daily _cash withdrawal limit_ of Rs 1 lakh and a shopping limit of Rs 3 lakh. With contactless transaction capabilities up to Rs 5,000, it provides benefits like waived annual fees, airport lounge access, and insurance coverage up to Rs 2 lakh for the primary holder.

2. Union Bank RuPay Select Debit Card

The RuPay Select card matches the Signature Visa's cash and shopping caps with a Rs 5,000 limit for contactless transactions. It carries an annual fee of Rs 400, includes lounge access, and grants Rs 2 lakh in accidental insurance.

3. Union Bank Platinum RuPay Debit Card

The Platinum RuPay Debit Card is ideal for those looking for premium benefits, with a Rs 75,000 daily cash limit and Rs 1.5 lakh shopping limit. Issuance fees are waived and Rs 2 lakh insurance cover is included.

4. Union Bank Classic Debit Card (RuPay/Visa)

Offering a daily withdrawal and shopping cap of Rs 25,000, the Classic Debit Card has no issuance fee and includes Rs 2 lakh in insurance, making it a versatile choice for Union Bank patrons.

5. Union Bank Business Platinum Debit Card

The Business Platinum Debit Card caters to business owners with Rs 25,000 daily ATM cash access and Rs 50,000 spending limit at retail or online outlets, with no balance requirements.

6. Union Bank QSPARC Debit Card (RuPay)

Operating as both a debit and prepaid card, the QSPARC allows for Rs 25,000 ATM withdrawals and Rs 50,000 on purchases. Contactless usage is limited to Rs 5,000 per transaction.

Applying for a Union Bank Debit Card

To request a Union Bank debit card, visit a branch to open an account which includes a card offer based on your profile. Alternatively, search \"Union Bank of India Debit Card apply online\" to complete the application process via their website.

Fees and Charges of Debit Cards

The Union Bank debit cards are complimentary for the first year, with classic cards costing Rs 200, Platinum Rs 300, and Signature, Business, RuPay Select, RuPay Platinum cards at Rs 400 annually thereafter. Universal issuance fees are Rs 150; additional transaction costs apply based on card type. International ATM use entails extra charges.

Online PIN Setup for Union Bank Debit Card

For setting or resetting your ATM PIN with Green PIN at any Union Bank ATM:

- Insert the card and select \"Set ATM Green PIN.\"
- An OTP will be sent to your registered mobile number; reinsert the card to authenticate.
- Enter and confirm your new PIN.
- For assistance, contact customer support at 1800222244 or 1800208244.

Union Bank's diverse debit card offerings are designed to meet a variety of customer requirements, from _contactless payments_ to substantial withdrawal and shopping limits, ensuring there is a card for every need.

","faqs":"

How can I apply for a Union Bank debit card online?

Visit Union Bank's official website and search for 'Union Bank of India Debit Card apply online' to start your application process.

What is the contactless transaction limit on Union Bank debit cards?

Typically, Union Bank debit cards allow contactless transactions up to Rs 5,000 per transaction, although limits can vary by card type.

Are there any fees associated with Union Bank debit cards?

Yes, while the first year is generally free, annual fees and issuance charges apply based on the specific card, ranging from Rs 200 to Rs 400.

How do I set or reset my Union Bank ATM PIN?

You can set or reset your ATM PIN at any Union Bank ATM using the Green PIN process by following the instructions on the screen.

What insurance coverage is provided with Union Bank debit cards?

Most cards include complimentary insurance coverage of up to Rs 2 lakh for the primary holder, with variations based on the card type.

","glossaryKeywords":[],"framerCategory":"blog","followUp":["What advanced security features does Union Bank offer to protect debit card transactions?","How can I troubleshoot issues encountered during online PIN setup on Union Bank ATMs?","What are the key differences between the fee structures of various Union Bank debit cards?","Can I combine Union Bank debit card benefits with other banking rewards or loyalty programs?","How does Union Bank ensure reliable service for contactless payment transactions?"],"meta":{"description":"Explore Union Bank of India's diverse debit cards, featuring contactless payments, competitive limits, and tailored benefits for all needs."},"recentPosts":["673c6d0ee1a04c2f99f1ea92","673c6d0ee1a04c2f99f1ebc2","673c6d0be1a04c2f99f1e7c0","673c6d0ee1a04c2f99f1eb75","673c6d0ee1a04c2f99f1ebcb"]},{"_id":"673c6d0be1a04c2f99f1e893","title":"Karur Vysya Bank: Updated Operating Hours & Services","slug":"/blog/kvb-bank-timings-post-covid-19-lockdown-karur-vysya-bank-restores-normal-working-hours","createdAt":"2024-03-21T00:00:00.000Z","modifiedAt":"2025-02-02T01:44:02.320Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/ulyInNN8nMq7ARlfIYZJl05auFY.jpg","imageAltText":"blog-image","summary":"In India, Karur Vysya Bank (KVB) has reinstated regular operating hours\nfor its branches post-COVID-19 lockdown, available from Monday to Saturday,\nexcluding 2nd and 4th Saturdays, Sundays, and public holidays. Customers can\nvisit from 10:00 AM to 7:00 PM.","readTime":"15 Mins","author":"Team Pluto","category":"blog","mainContent":"

In India, Karur Vysya Bank (KVB) has reinstated regular operating hours for its branches post-COVID-19 lockdown, available from Monday to Saturday, excluding 2nd and 4th Saturdays, Sundays, and public holidays. Customers can visit from 10:00 AM to 7:00 PM. The bank emphasizes safety measures like contactless services, social distancing, and improved sanitation to ensure customer safety.

During the lockdown, KVB restricted its services to essential operations. It now offers comprehensive banking services including passbook updates, account openings, cheque processing, cash transactions, and credit card payments.

For safety, KVB advises social distancing and recommends visiting branches only if necessary, while promoting the use of KVB Net-banking and Mobile Banking for a convenient and secure experience.

NEFT and RTGS Timings: Promoting Online Banking

The Reserve Bank of India (RBI) facilitates 48 half-hourly NEFT transaction batches daily, starting at 00:30 and ending at 00:00 hours. To encourage digital over physical bank visits during the pandemic, online NEFT transactions incur no charges.

Since December 2020, KVB has delivered 24/7 Real-time Gross Settlement (RTGS) services for swift fund transfers.

Working Hours and Lunch Breaks

KVB operates from 10:00 AM to 4:00 PM, Monday to Friday, and closes on 2nd and 4th Saturdays, Sundays, and public holidays. Branch timings might slightly differ, but customer service remains uninterrupted during lunch hours with staff rotating breaks.

Locker Operations and More Information

KVB's locker services are available during standard hours without additional access times. Interested customers can apply during these hours. Founded in 1916 by M.A. Venkatarama Chettiar and Athi Krishna Chettiar, KVB is a key private sector bank in India offering a range of services like agricultural banking, NRI services, personal and corporate loans, and MSME loans. Striving to integrate tradition with technology, KVB aims to exceed customer expectations with innovative and affordable offerings across 790 branches and 1,795 ATMs, remaining committed to India’s evolving population needs.

","faqs":"

How can I find the operating hours of Karur Vysya Bank branches?

You can check the official website or visit your local branch to confirm the updated timings and special schedules like closed 2nd and 4th Saturdays.

What are the NEFT and RTGS transaction timings provided by KVB?

NEFT batch processing runs in 48 half-hourly intervals while RTGS is available 24/7 for real-time fund transfers.

How has KVB enhanced customer safety post-COVID?

KVB has implemented contactless services, enforced social distancing, and upgraded sanitation protocols across all branches.

What digital banking options does Karur Vysya Bank offer?

The bank promotes KVB Net-banking and Mobile Banking for secure, convenient transactions without visiting a branch.

When can I access locker services at KVB?

Locker operations are available during standard branch hours, ensuring you can use them without additional access timings.

","glossaryKeywords":[],"framerCategory":"blog","followUp":["What specific security measures protect digital banking transactions at KVB?","How do customers troubleshoot issues with KVB's online banking platforms?","Are there any fees associated with passbook updates or other in-branch services?","What additional products and services does KVB offer for small businesses and NRIs?","How is KVB leveraging technology to further enhance customer experience and operational efficiency?"],"meta":{"description":"Stay updated with Karur Vysya Bank's branch hours, safety protocols, secure digital banking, NEFT/RTGS timings and full-service offerings designed for modern banking."},"recentPosts":["673c6d0ee1a04c2f99f1ead0","673c6d0be1a04c2f99f1e7be","673c6d0ee1a04c2f99f1e904","673c6d0ee1a04c2f99f1ea81","673c6d0ee1a04c2f99f1e92a"]},{"_id":"673c6d0ee1a04c2f99f1eb9e","title":"How Do Credit Card Foreign Transaction Fees Affect You?","slug":"/blog/credit-cards/foreign-transaction-fee-on-credit-cards-paisabazaar-com-24-july-2024","createdAt":"2024-07-27T00:00:00.000Z","modifiedAt":"2025-02-01T23:47:36.611Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/4w6WVvPOtA9BZb6feDDBZq7vI.jpg","imageAltText":"credit-card-image","summary":"The blog explains foreign transaction fees on credit cards, detailing the mark-up percentages and extra charges for overseas transactions including online purchases, ATM withdrawals, and international POS use. It highlights available fee-free options and stresses the importance of reviewing card terms. Understanding these costs is crucial for managing expenses during international travel.","readTime":"15 Mins","author":"Team Pluto","category":"credit-card","mainContent":"

Understanding Foreign Transaction Costs on Credit Cards

For avid international travelers, utilizing a credit card offers a reliable and secure alternative to carrying cash or using traveler’s cheques. Unfortunately, this convenience can be accompanied by foreign transaction fees imposed by banks and credit card companies. Here’s an in-depth look at these charges and their impact on your overseas expenditures.

Key Highlights of Foreign Transaction Fees:

The Foreign Currency Mark-up Fee varies from 1.75% to 3.5% based on the specific card.
Some credit cards in India provide a 0% mark-up fee option.
Extra charges for international cash withdrawals include finance charges, cash withdrawal fees, and the mark-up fee.

What is a Foreign Transaction Fee?

Foreign Transaction Fees are levied by banking institutions and networks such as Visa and MasterCard for transactions completed in foreign currencies or outside your home country. This fee helps cover the cost of currency conversion from foreign to local currency. Typically, credit networks charge about 1%, while banks charge between 0.99% and 2.5%.

When and Where is this Fee Applicable?

Foreign transaction fees apply under several conditions:

Retail purchases outside of India.
Online shopping conducted in foreign currencies.
ATM withdrawals made abroad.
Transactions at international-linked POS terminals, even within India, such as those found at international airports.

Costs of a Foreign Transaction

The impact of foreign transaction fees can be quite substantial. For example, buying an item for $100 with a 3.5% forex mark-up fee results in an additional charge of approximately Rs. 245, assuming an exchange rate of 1 USD = INR 70, plus an 18% GST on the fee.

Additional Charges to Consider

Tax: Typically, a GST of 18% applies to fees on international transactions.
Cash Withdrawal Fee: These fees are similar to domestic ATM charges but are often higher for international transactions.
Finance Charges: Finance charges arise if credit card payments aren’t made in full and can vary.

Frequently Asked Questions (FAQs)

Do all payment forms incur a mark-up fee? Some options like Forex cards or specific credit cards might exclude this fee.
Which is preferred: cash, credit card, or traveler’s cheque? Credit cards—particularly those with a 0% currency conversion fee—are the safest and most hassle-free.
How can I find out the fees charged? Review the card terms or contact your bank for specific details.
Is there a limit on international transactions? Usually, it's equivalent to your normal credit limit, although some banks allow setting specific international limits.

Conclusion

Understanding foreign transaction fees and related expenses is crucial for managing finances effectively on international trips. Comparing credit cards based on their foreign transaction fees can lead to substantial savings and enhanced travel experiences.

[GST]: Goods and Services Tax
[IRDA]: Insurance Regulatory and Development Authority of India
[NEFT]: National Electronic Funds Transfer
[RTGS]: Real-Time Gross Settlement
[PAN]: Permanent Account Number
[UPI]: Unified Payments Interface
[RBI]: Reserve Bank of India
[MSMEs]: Micro, Small, and Medium Enterprises
[NSE]: National Stock Exchange
[BSE]: Bombay Stock Exchange
[UX]: User Experience
[NPAs]: Non-Performing Assets
[NRI]: Non-Resident Indian
[RTGS]: Real-Time Gross Settlement
[IMPS]: Immediate Payment Service
[NEFT]: National Electronic Funds Transfer
[EMIs]: Equated Monthly Installments
[IVR]: Interactive Voice Response
[HUF]: Hindu Undivided Family
[NRIs]: Non-Resident Indians
[PAN]: Permanent Account Number
[TPA]: Third-Party Administrator
[TDS]: Tax Deducted at Source
[STT]: Securities Transaction Tax
[CPC]: Central Processing Centre
[BOI]: Body of Individuals
[AOP]: Association of Persons
[LLP]: Limited Liability Partnership
[OCI]: Overseas Citizens of India
[Income Tax Act]: Income Tax Act
[NBFC]: Non-Banking Financial Company
[IRDAI]: Insurance Regulatory and Development Authority of India
[NBFCs]: Non-Banking Financial Companies
[HLPP]: Home Loan Protection Plan
[GST]: Goods and Services Tax
[RBI]: Reserve Bank of India
[IMF]: International Monetary Fund
[KWD]: Kuwaiti Dinar
[INR]: Indian Rupee
[SGD]: SGD
[MAS]: Monetary Authority of Singapore
[GBP]: British Pound Sterling
[EMI]: Equated Monthly Installments
[OD]: Overdraft
[EBLR]: external benchmark lending rate
[MCLR]: marginal cost of funds-based lending rate
[FATCA]: Foreign Account Tax Compliance Act
[OECD]: Organisation for Economic Co-operation and Development
[HUFs]: Hindu Undivided Families
[PPF]: Public Provident Fund
[EPF]: Employees’ Provident Fund
[UPI]: Unified Payments Interface
[PMJJBY]: Pradhan Mantri Jeevan Jyoti Bima Yojana
[PMSBY]: Pradhan Mantri Suraksha Bima Yojana
[APY]: Atal Pension Yojana
[SIP]: Systematic Investment Plan
[Interactive Voice Response]: IVR
[RTGS]: Real-Time Gross Settlement
[TDR]: Ticket Deposit Receipt
[RAC]: Reservation Against Cancellation
[CIBIL]: Credit Information Bureau (India) Limited
[MICR Code]: Magnetic Ink Character Recognition Code
[F&O;]: Futures and Options
[KYC]: Know Your Customer
[F&O]: Futures and Options
[VAT]: Value-Added Tax
[IFSC]: Indian Financial System Code
[MICR]: Magnetic Ink Character Recognition
[IRDA]: Insurance Regulatory and Development Authority of India
[GRN]: Goods Received Note
[PIN]: Personal Identification Number
[OTP]: One-Time Password
[SEBI]: Securities Exchange Board of India
[RTO]: Regional Transport Office
[PUC]: Pollution Under Control
[Indian Succession Act, 1925]: Indian Succession Act, 1925
[HNIs]: High-Net-Worth Individuals
[UIDAI]: Unique Identification Authority of India
[NSC]: National Savings Certificate
[Sukanya Samriddhi Yojana]: Sukanya Samriddhi Yojana
[PAN]: Permanent Account Number
[ATM]: Automated Teller Machine
[MSMEs]: Micro, Small and Medium Enterprises
[HSN]: Harmonized System Nomenclature
[URN]: Update Request Number
[SSUP]: Self-Service Update Portal
[ETF]: Exchange-Traded Funds
[Folio No.]: Folio Number
[SFB]: Small Finance Bank
[NGO]: Non-Governmental Organization
[KEGF]: Kerala Evangelical Graduates Fellowship
[MED]: Micro Enterprises Development
[Muhurat Trading]: Muhurat Trading
[PDF]: Portable Document Format
[EPFO]: Employees’ Provident Fund Organization
[EPS]: Employee Pension Scheme
[LIC]: Life Insurance Corporation
[NSDL]: National Securities Depository Limited
[PFRDA]: Pension Fund Regulatory and Development Authority
[NEAT]: National Exchange for Automated Trading
[AuM]: Assets Under Management
[REITs]: Real Estate Investment Trusts
[ETFs]: Exchange-Traded Funds
[UPI PIN]: Unified Payments Interface Personal Identification Number
[Folio Number]: Folio Number

","faqs":"

What are foreign transaction fees on credit cards?

They are fees levied by banks and credit networks for transactions in foreign currencies or outside your home country.

How is the foreign currency mark-up fee determined?

The fee typically ranges from 1.75% to 3.5% based on the card type and issuer, with some cards offering a 0% option.

When are foreign transaction fees applied?

They apply to international retail purchases, online orders in foreign currencies, ATM withdrawals abroad, and POS transactions at international outlets.

How do GST and additional charges impact foreign transactions?

An 18% GST is usually added on the fee, along with any extra finance or cash withdrawal charges.

Can I save money by choosing specific credit cards for international use?

Yes, opting for cards with a 0% foreign currency mark-up fee or lower transaction charges can lead to significant savings.

","glossaryKeywords":["foreign transaction fee on credit cards"],"framerCategory":"credit-card","followUp":["How can I enhance the security of my credit card while traveling internationally?","What troubleshooting steps should I take if an international transaction does not process correctly?","Are there any additional hidden fees or charges associated with foreign transactions?","How do different banks compare in terms of international transaction charges?","What other benefits do credit cards offer that can help offset foreign transaction fees?"],"meta":{"description":"Discover how foreign transaction fees on credit cards affect your international spending, with insights on mark-up rates, GST, and strategies to minimize costs."},"keyTakeaways":["Foreign transaction fees include currency conversion and additional charges.","Fees apply to online purchases, ATM withdrawals, and international POS transactions.","Some credit cards offer no mark-up fees for international use.","Comparing card terms can lead to significant savings on travel expenses."],"recentPosts":["673c6d0be1a04c2f99f1e81a","673c6d0be1a04c2f99f1e694","673c6d0be1a04c2f99f1e8ab","673c6d0be1a04c2f99f1e690","673c6d0be1a04c2f99f1e7f6"]},{"_id":"673c6d0be1a04c2f99f1e892","title":"How District Industries Centers Drive Rural Growth","slug":"/blog/district-industries-centers-(dics)-empowering-young-entrepreneurs-in-india","createdAt":"2024-03-21T00:00:00.000Z","modifiedAt":"2025-02-02T01:43:53.385Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/wRyw2dTMH5rgSb9UhWZMngHZn2Y.jpg","imageAltText":"blog-image","summary":"District Industries Centers (DICs) serve as vital entities under the\nMinistry of Social Justice and Empowerment, aimed at bolstering young\nprofessionals across India. Introduced in 1978, these centers target the\ngrowth of small-scale industries in rural and smaller urban locales, providing\ncritical resources and services.","readTime":"15 Mins","author":"Team Pluto","category":"blog","mainContent":"

District Industries Centers (DICs)

serve as vital entities under the Ministry of Social Justice and Empowerment, aimed at bolstering young professionals across India. Introduced in 1978, these centers target the growth of small-scale industries in rural and smaller urban locales, providing critical resources and services.

The central mission of DICs is fostering employment opportunities in rural areas. Positioned at the district level, they support new entrepreneurs and business proprietors in establishing Micro, Small and Medium Enterprises (MSMEs). Furthermore, DICs play a role in registering and promoting industrial cooperatives.

To enhance accessibility, DICs offer a subsidized loan scheme for eligible persons, which includes individuals from scheduled castes, families of safai karamcharis, other backward classes, and physically challenged young professionals like engineers, doctors, and chartered accountants.

Working collaboratively with government agencies, DICs aid in the facilitation of business loans. For example, the National Scheduled Castes Finance & Development Corporation (NSCFDC) provides term loans for projects or units up to Rs. 50 lakh. Likewise, the National Safai Karamcharis Finance & Development Corporation (NSKFDC) grants loans at reduced interest rates to qualified applicants. Additional loan possibilities are extended by the National Backward Caste Finance & Development Corporation (NBCFDC) and the National Physically Challenged Finance & Development Corporation (NPCFDC) to specific groups.

Beyond loan offerings, DICs perform numerous functions and activities. They organize credit facilities, supply machinery and equipment to entrepreneurs, promote the development of industrial clusters, and provide financial assistance to small units.

Moreover, DICs conduct surveys, training sessions, and motivational campaigns to advocate for entrepreneurship and skill enhancement. They deliver project profiles, marketing support, raw material, and engage in registration and rehabilitation of handicrafts, cottage industries, and struggling Small Scale Industries (SSI) units.

In conclusion, DICs are integral resources for nascent entrepreneurs and business owners, offering the indispensable support required to commence and grow their ventures.

","faqs":"

What are District Industries Centers (DICs) and their primary objectives?

DICs are key institutions under the Ministry of Social Justice and Empowerment that support MSMEs and foster rural employment through financial and developmental assistance.

Who qualifies for the subsidized loan schemes provided by DICs?

Eligible beneficiaries include individuals from scheduled castes, safai karamcharis’ families, other backward classes, and physically challenged professionals.

How do DICs assist small-scale entrepreneurs in rural areas?

DICs facilitate business start-ups by providing credit facilities, machinery, equipment, training sessions, and promotional support to budding entrepreneurs.

Which financial corporations collaborate with DICs for loan disbursement?

DICs work with agencies such as NSCFDC, NSKFDC, NBCFDC, and NPCFDC to offer term loans and reduced-rate loans for qualifying projects.

What additional services do DICs offer beyond funding?

Beyond financial aid, DICs conduct surveys, training programs, marketing support, and rehabilitation initiatives to strengthen small and cottage industries.

","glossaryKeywords":[],"framerCategory":"blog","followUp":["How do DICs contribute uniquely to rural employment and economic growth?","What are the specific eligibility requirements for accessing DIC loan schemes?","In what ways do DICs support entrepreneurs with machinery and operational resources?","What types of training and skill enhancement programs do DICs organize?","How do partnerships with government agencies enhance the services provided by DICs?"],"meta":{"description":"Explore how District Industries Centers empower rural entrepreneurs with subsidized loans, training, and resources to boost small-scale industries in India."},"recentPosts":["673c6d0be1a04c2f99f1e519","673c6d0ee1a04c2f99f1e9af","673c6d0be1a04c2f99f1e55c","673c6d0be1a04c2f99f1e55d","673c6d0ee1a04c2f99f1ebf5"]},{"_id":"673c6d0ee1a04c2f99f1ec2e","title":"How Effective Are Diversification Strategies in 2023?","slug":"/blog/mutual-fund/international-mutual-funds","createdAt":"2024-06-13T00:00:00.000Z","modifiedAt":"2025-02-02T00:26:03.884Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/Qw4N10BYe4YgFZnwm1sAZbedj8g.jpg","imageAltText":"mutual-fund-image","summary":"The blog outlines diverse strategies for reducing investment risks through asset class and global market diversification. It explains how critical financial tools, regulatory bodies, and international protocols create a secure financial ecosystem. Additionally, detailed insights into money transfers, identity verification, and investment vehicles highlight structured approaches to achieving optimized, compliant financial operations.","readTime":"8 Mins","author":"Team Pluto","category":"mutual-fund","mainContent":"

Section 1

Investors tirelessly explore diversification strategies to minimize investment risks. A validated approach includes allocating funds across diverse asset classes while diversifying further within each category. Especially in equity investments, venturing into global markets is a popular tactic, with International Mutual Funds offering such prospects.

Section 2

Multiple entities and concepts such as MSMEs, CIBIL, MICR Code, RTGS, IMPS, NEFT, NBFCs, TDS, KYC, IRDA, GRN, PIN, OTP, among others, play pivotal roles in the financial ecosystem. These include processes and regulations facilitated by key institutions like the RBI and entities such as MSMEs, MSMEs, NBFCs, and tax-related terms like TDS.

Section 3

Financial operations are further enhanced through systems such as UPI, while international standards like SWIFT ensure global transaction security. Key governance bodies in the sector, including SEBI and IRDAI, shape regulatory frameworks. The PFRDA manages National Pension System (NPS), supporting retirement planning.

Section 4

Details on processes such as RTGS, IMPS, and NEFT underline efficient money transfers, while KYC ensures identity verification. Investment products like ETFs and REITs provide varied investment vehicles, governed by a robust regulatory environment to optimize yields while maintaining compliance.

","faqs":"

What diversification strategy minimizes overall investment risks?

It involves spreading investments across various asset classes and geographic boundaries to mitigate risks.

How do International Mutual Funds enhance portfolio diversification?

They offer exposure to global markets, enabling investors to capitalize on international growth opportunities.

What role do regulatory bodies like RBI, SEBI, and IRDAI play in the financial ecosystem?

They enforce financial regulations, safeguard investor interests, and maintain market integrity.

How do modern payment systems like UPI, RTGS, IMPS, and NEFT streamline financial transactions?

They enable efficient, real-time, and secure money transfers across various platforms.

What benefits do ETFs and REITs offer for investors?

They provide diversified market exposure, balancing risks and opportunities while optimizing returns.

","glossaryKeywords":["international mutual funds"],"framerCategory":"mutual-fund","followUp":["How do market trends impact effective diversification and risk management strategies?","What additional security measures are being integrated into modern digital payment systems?","How can investors leverage regulatory insights to optimize their asset allocations?","What troubleshooting steps should be taken during transaction delays in systems like IMPS and RTGS?","Which emerging financial technologies are set to transform global investment strategies?"],"meta":{"description":"Explore diversified investment strategies across asset classes with global market insights and the essential roles of financial institutions in shaping the ecosystem."},"keyTakeaways":["Diversification across asset classes and global markets minimizes investment risks.","Robust financial ecosystems rely on key regulatory institutions and specialized protocols.","Efficient money transfer systems and identity verification enrich transaction security.","Varied investment products like ETFs and REITs offer optimized returns with compliance."],"recentPosts":["673c6d0ee1a04c2f99f1ec30","673c6d0ee1a04c2f99f1ebfb","673c6d0ee1a04c2f99f1ec0c","673c6d0ee1a04c2f99f1eae6","673c6d0be1a04c2f99f1e887"]},{"_id":"673c6d0ee1a04c2f99f1ebdd","title":"What Are the Current SBI RD Interest Rates for 2023?","slug":"/blog/recurring-deposit/sbi-recurring-deposit-interest-2024","createdAt":"2024-04-29T00:00:00.000Z","modifiedAt":"2025-02-02T00:08:42.983Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/sjfubrZwBJQ7HO8tbSfDm2NVooA.jpg","imageAltText":"recurring-deposit-image","summary":"The blog outlines the State Bank of India’s extensive recurring deposit (RD) schemes designed for both short- and long-term financial goals. It details eligibility criteria, document requirements, various RD types including benefits for senior citizens, and processes for managing accounts. Tax implications and a practical RD calculator help customers maximize their investments.","readTime":"7 Mins","author":"Team Pluto","category":"recurring-deposit","mainContent":"

The State Bank of India (SBI) offers a wide array of deposit schemes tailored for both short-term and long-term investments for individuals. As India's largest bank, SBI has a strong reputation for reliable returns, which has built trust among consumers over time.

SBI RD Interest Rates:

SBI provides attractive RD interest rates with a minimum deposit starting at Rs. 100. Accounts can be set up for periods ranging from 7 days to 10 years, accommodating various financial goals.

Interest rates for deposits under Rs. 2 crores range from 5.00% to 5.40%, with senior citizens enjoying an extra 0.50% over the standard rates.

Eligibility for SBI RD Account

To open a Recurring Deposit (RD) account with SBI, these criteria must be met:

Indian residents or Hindu Undivided Family members.
Non-Resident Indians can open an NRE or NRO account.
Minors may open an RD under the supervision of a legal guardian.

Document Requirements

Documents required to open an SBI RD include:

Identity Verification:

Voter ID or Aadhaar card
PAN card
Government ID
Ration card
Senior citizen ID

Address Verification:

Passport
Telephone or electricity bill
Bank statement with a cheque
Post office ID card

Types of SBI Recurring Deposit Schemes

SBI provides three RD types: Regular, Holiday Savings Account, and Flexi Deposit Scheme.

SBI Regular RD: A favored option with a minimum monthly deposit of Rs. 100, available from 1 to 10 years.
SBI Holiday Savings Account: Designed for travel savings, with EMI-based deposits for Thomas Cook travel packages.
SBI Flexi Deposit Scheme: Allows for flexible monthly deposits with an annual range of Rs. 5000 to Rs. 50,000, available for 5 to 7 years.

Premature Withdrawal of RD

SBI permits early withdrawal of RDs with a slight penalty, though partial withdrawals are not allowed.

Steps to Close SBI RD Online:

Log into your SBI net banking.
Select 'e-RD' under 'Fixed Deposit'.
Choose 'Close A/c' and follow the prompts.
Confirm using your 'High-Security Password'.
Receive closure confirmation.

Tax Exemptions on SBI RD

Tax Deducted at Source (TDS) applies if RD and FD interest income exceeds Rs. 40,000 (Rs. 50,000 for seniors). Submit Form 15G/15H if under the taxable limit to avoid deductions.

Opening an SBI RD Account

To initiate an RD:

Visit an SBI branch with required documents and complete an RD form.
Use SBI online net banking if already a customer.

Calculating RD Maturity

The maturity amount is influenced by the initial deposit, interest rate, tenure, and TDS. Utilize the SBI RD calculator for estimates.

The formula is A = P(1 + r/n) ^ nt where 'A' stands for the amount, 'P' the principal, 'r' the rate, 'n' the compounding frequency, and 't' the tenure.

","faqs":"

How can I open an SBI RD account?

You can open an SBI RD account by visiting a branch with the required documents or by using the SBI net banking portal if already registered.

What is the minimum deposit requirement for an SBI RD?

The minimum monthly deposit for most SBI RD schemes is Rs. 100, making it accessible for a wide range of savers.

Which types of RD schemes does SBI offer?

SBI offers Regular RD, Holiday Savings Account, and Flexi Deposit Scheme to cater to diverse saving needs.

How is the maturity amount of an SBI RD calculated?

The maturity amount is computed based on the deposit amount, interest rate, tenure, and applicable TDS, often using SBI’s RD calculator.

What documents are needed to open an SBI RD account?

Typically, identity proofs like Aadhaar, PAN, or government-issued ID and address proofs such as utility bills or passport are required.

","glossaryKeywords":[],"framerCategory":"recurring-deposit","followUp":["What security protocols does SBI implement to safeguard online RD transactions?","How can customers troubleshoot common issues encountered during SBI net banking for RD account management?","What impact does premature withdrawal have on the overall returns of SBI RD schemes?","Are there any additional benefits for senior citizens beyond the stated extra interest rate on SBI RDs?","How can the SBI RD calculator assist in planning long-term investments effectively?"],"meta":{"description":"Discover SBI's flexible recurring deposit schemes offering attractive interest rates, clear eligibility criteria, and easy online management with added tax benefits."},"keyTakeaways":["SBI provides versatile recurring deposit schemes for diverse investment durations.","Multiple RD options include Regular, Holiday Savings, and Flexi Deposit schemes.","Senior citizens receive special interest rate benefits.","Clear eligibility and document guidelines simplify the account opening process.","Online services assist in managing accounts and calculating maturity amounts."],"recentPosts":["673c6d0ee1a04c2f99f1ebd8","673c6d0ee1a04c2f99f1eb2a","673c6d0ee1a04c2f99f1eae1","673c6d0ee1a04c2f99f1ea11","673c6d0ee1a04c2f99f1eacf"]},{"_id":"673c6d0ee1a04c2f99f1ec2d","title":"Are Global Funds the Key to Diversified Investments?","slug":"/blog/mutual-fund/global-mutual-fund","createdAt":"2024-06-13T00:00:00.000Z","modifiedAt":"2025-02-02T00:25:57.058Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/gOpvDQUm5KY2ggfxEjctcYjdc.jpg","imageAltText":"mutual-fund-image","summary":"Investors increasingly leverage global funds to bypass geographical limitations, accessing profitable opportunities beyond domestic markets. This blog explores how current financial trends and enhanced market awareness drive international investments, highlighting unique features such as diversification and the potential for higher returns. The analysis underscores the value of global funds in optimizing diversified portfolios.","readTime":"7 Mins","author":"Team Pluto","category":"mutual-fund","mainContent":"

Introduction

In the current financial landscape, investors are more informed and aware of global market trends. For these astute individuals, geographical boundaries are no longer barriers when seeking profitable investment opportunities worldwide. By utilizing global funds, these investors can extend their portfolios beyond domestic confines, enhancing potential returns. In the subsequent analysis, we will explore the characteristics and advantages of these international funds, highlighting their unique investment features and the benefits they provide.

","faqs":"

What are global funds?

Global funds are mutual funds that invest in a diversified portfolio of international securities to capture global market growth.

How do global funds diversify investment portfolios?

They spread investment risk by accessing diverse markets outside domestic boundaries.

What are the primary benefits of investing in global funds?

Investors benefit from international exposure, potential for higher returns, and risk mitigation through diversification.

How can I assess the performance of global funds?

Review historical performance data, market trends, and fund manager expertise through reliable financial resources.

Are global funds suitable for every investor?

They are ideal for investors seeking diversification, though suitability depends on individual risk tolerance and investment goals.

","glossaryKeywords":["global mutual fund"],"framerCategory":"mutual-fund","followUp":["What risk management strategies do global funds implement to safeguard investments?","How do international regulations impact global fund operations and investor returns?","What fees and charges should investors consider when evaluating global funds?","How has technology improved transparency and performance tracking in global funds?","What emerging market trends are influencing the future of global fund investments?"],"meta":{"description":"Explore how global funds empower investors to transcend borders, diversify portfolios, and profit from international market trends."},"keyTakeaways":["Global funds enable access to profitable international opportunities.","Geographical boundaries no longer restrict investment potential.","Diversification through global investments can enhance returns.","Heightened market awareness drives proactive global portfolio expansion."],"recentPosts":["673c6d0ee1a04c2f99f1eaae","673c6d0ee1a04c2f99f1ebea","673c6d0be1a04c2f99f1e8c2","673c6d0ee1a04c2f99f1ec1f","673c6d0be1a04c2f99f1e5fe"]},{"_id":"673c6d0ee1a04c2f99f1ec2f","title":"Are Emerging Market Funds Worth The Investment Risk?","slug":"/blog/mutual-fund/emerging-market-funds","createdAt":"2024-06-13T00:00:00.000Z","modifiedAt":"2025-02-02T00:26:06.502Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/1a9tGLAegskL5CsnXKWc3Ewuzk.jpg","imageAltText":"mutual-fund-image","summary":"This blog discusses Emerging Market Funds that focus on investments in developing countries witnessing rapid economic expansion and industrial growth. It explains various fund types, outlining their advantages such as potential for substantial returns compared to stable economies, while also addressing associated risks. Investors are guided on factors to consider when evaluating these dynamic investment opportunities.","readTime":"8 Mins","author":"Team Pluto","category":"mutual-fund","mainContent":"

Emerging Market Funds

target investments in developing nations experiencing rapid economic expansion and industrial growth. These funds aim to capitalize on the potential for substantial returns available in these dynamic markets, as opposed to the generally lower returns in more stable economies. Here, we will explore the different types of Emerging Market Funds, their advantages, related risks, and other key factors that investors should consider.

","faqs":"

What are Emerging Market Funds?

They are investment vehicles that target developing nations experiencing rapid economic and industrial expansion.

How do Emerging Market Funds differ from developed market funds?

They focus on high-growth economies, offering potentially higher returns along with increased volatility and risk.

What advantages do Emerging Market Funds offer investors?

They provide exposure to booming markets, diversification opportunities, and the potential for substantial long-term gains.

What risks should investors consider with Emerging Market Funds?

Investors need to be aware of risks like market volatility, political instability, and currency fluctuations in these regions.

How can investors evaluate the suitability of an Emerging Market Fund?

By assessing fund performance, management quality, market trends, and the economic stability of the target regions.

","glossaryKeywords":["emerging market funds"],"framerCategory":"mutual-fund","followUp":["How do geopolitical events influence emerging market fund performance?","What risk management strategies can help mitigate emerging market investment challenges?","How do currency fluctuations affect the returns of emerging market funds?","Which financial metrics are most important when analyzing emerging market funds?","How can diversification within emerging market investments improve overall portfolio stability?"],"meta":{"description":"Discover Emerging Market Funds investing in rapidly growing developing nations. Learn about fund types, advantages, and risks for dynamic returns."},"keyTakeaways":["Focus on investments in rapidly growing developing nations.","Offer potential for high returns unlike stable economies.","Discuss various fund types and their unique advantages.","Highlight the significant risks associated with these investments."],"recentPosts":["673c6d0ee1a04c2f99f1ea9b","673c6d0ee1a04c2f99f1e9f7","673c6d0ee1a04c2f99f1eb10","673c6d0ee1a04c2f99f1eaf5","673c6d0be1a04c2f99f1e7e2"]},{"_id":"673c6d0ee1a04c2f99f1eba2","title":"How to Activate Your Credit Card: Step-by-Step Guide","slug":"/blog/credit-cards/how-to-activate-your-credit-card-online-offline","createdAt":"2024-07-27T00:00:00.000Z","modifiedAt":"2025-02-01T23:48:19.400Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/l0EifZFpwPsFb8ReXwEY5iml34.jpg","imageAltText":"credit-card-image","summary":"The blog explains the process of activating a credit card to harness financial potential, outlining both online and offline options. It details step-by-step online methods via internet banking and mobile apps with OTP authentication, as well as offline methods like customer care and SMS activation. The blog underscores following bank-specific guidelines and using secure, official channels.","readTime":"15 Mins","author":"Team Pluto","category":"credit-card","mainContent":"

Activating a credit card

is essential for leveraging your new financial opportunity. Banks have unique protocols, so adhere to your bank’s guidelines. Here's a detailed overview of online and offline methods for credit card activation.

Online Credit Card Activation:

Internet Banking:
1. Visit the bank’s website and log in.
2. Locate and select 'Credit Card Activation.'
3. Submit necessary data like your credit card number, birth date, and expiry date.
4. Use your existing ATM PIN or establish a new one.
5. Authenticate your identity with an OTP sent to your registered mobile.
Mobile App:
1. Download and log into the bank’s official app.
2. Select 'Register,' then 'Activate a card,' and choose 'Credit Card.'
3. Input your credit card information.
4. Authenticate using an OTP sent to your mobile.
5. You might need to create a new user ID and password to activate your card.

Offline Credit Card Activation:

Customer Care Service: You can visit a bank branch or call the customer service number (found on the bank’s website) for activation support.
Via SMS: If available, send a designated SMS to the bank, possibly with your ATM PIN or a keyword given by the bank. A confirmation message will inform you about the activation.

Verify with your bank for card-specific activation procedures. Choosing online or offline methods, activating your credit card is simple, ensuring you're set for financial operations. Always use official channels and protect your sensitive information during activation.

References: RBI (Reserve Bank of India), MSMEs (Micro, Small, & Medium Enterprises), NSE (National Stock Exchange), BSE (Bombay Stock Exchange), UX (User Experience), NPAs (Non-Performing Assets), NRI (Non-Resident Indian), RTGS (Real-Time Gross Settlement), TDS (Tax Deducted at Source), IMPS (Immediate Payment Service), NEFT (National Electronic Funds Transfer), EMIs (Equated Monthly Installments), IVR (Interactive Voice Response), HUF (Hindu Undivided Family), PAN (Permanent Account Number), BOI (Body of Individuals), AOP (Association of Persons), LLP (Limited Liability Partnership), OCI (Overseas Citizens of India), NBFC (Non-Banking Financial Company), IRDAI (Insurance Regulatory and Development Authority of India), STT (Securities Transaction Tax), CPC (Central Processing Centre), FATCA (Foreign Account Tax Compliance Act), OECD (Organisation for Economic Co-operation and Development), GST (Goods and Services Tax), HUFs (Hindu Undivided Families), PPF (Public Provident Fund), EPF (Employees’ Provident Fund), SEBI (Securities Exchange Board of India), UIDAI (Unique Identification Authority of India), UPI (Unified Payments Interface), KYC (Know Your Customer), OTP (One-Time Password), SIP (Systematic Investment Plan), ETF (Exchange-Traded Funds), MICR (Magnetic Ink Character Recognition), SFB (Small Finance Bank), NGO (Non-Governmental Organization), KEGF (Kerala Evangelical Graduates Fellowship), MED (Micro Enterprises Development), PDF (Portable Document Format), EPFO (Employees’ Provident Fund Organization), EPS (Employee Pension Scheme), LIC (Life Insurance Corporation), NSDL (National Securities Depository Limited), PFRDA (Pension Fund Regulatory and Development Authority), REITs (Real Estate Investment Trusts).

","faqs":"

How can I activate my credit card online using internet banking?

What information is required for online credit card activation?

You’ll need your card number, expiry date, date of birth, and an OTP for secure verification.

Can I use a mobile app to activate my credit card?

Yes, download your bank's official app, register or log in, and follow the prompts to activate your card.

What offline methods are available for credit card activation?

You can visit a branch, call customer care, or use SMS banking if your bank supports it.

What security precautions should I take during credit card activation?

Always use official bank channels, verify website authenticity, and protect your personal details during the process.

","glossaryKeywords":["activate your credit card"],"framerCategory":"credit-card","followUp":["What additional security protocols do banks implement during the activation process?","How can I troubleshoot common issues if I do not receive an OTP during activation?","Are there any fees or hidden charges associated with credit card activation?","What steps should be taken if the activation process fails repeatedly?","How do banks enhance user experience with additional features post activation?"],"meta":{"description":"Activate your credit card hassle-free using online and offline methods. Follow detailed steps to securely verify your identity and unlock new financial opportunities."},"keyTakeaways":["Activation is essential for financial access.","Online methods include internet banking and mobile apps with OTP.","Offline options are available via customer care and SMS.","Always follow bank-specific protocols and safeguard your data."],"recentPosts":["673c6d0be1a04c2f99f1e723","673c6d0be1a04c2f99f1e664","673c6d0be1a04c2f99f1e63f","673c6d0be1a04c2f99f1e66d","673c6d0be1a04c2f99f1e63e"]},{"_id":"673c6d0ee1a04c2f99f1eba0","title":"Is Priority Pass Your Ticket to Luxury Travel Bliss?","slug":"/blog/credit-cards/top-26-credit-cards-with-priority-pass","createdAt":"2024-07-27T00:00:00.000Z","modifiedAt":"2025-02-01T23:48:00.763Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/gEeDFr9U8Eb9d1T7yzYd753jYqA.jpg","imageAltText":"credit-card-image","summary":"Priority Pass offers global airport lounge access with over 1,300 lounges in 148 countries, partnering with top credit card issuers and banks in India to enhance travelers' airport experiences. Since its inception in 1992, Priority Pass continuously innovates premium benefits such as spa facilities, dining, free Wi-Fi, and dedicated support, ensuring stress-free journeys for frequent and occasional travelers alike.","readTime":"15 Mins","author":"Team Pluto","category":"credit-card","mainContent":"

Priority Pass offers access to over 1,300 airport lounges in more than 600 cities across 148 countries, making it an essential tool for travelers seeking airport comfort worldwide. Established in 1992, it has expanded significantly, forming alliances with major Indian card networks like ICICI, Axis, Kotak Mahindra, HDFC, YES First, Citibank, IndusInd, and SBI, sustaining its position as a leader in travel convenience through continuous innovation and investment.

Seamlessly aligning with India's top credit card networks, Priority Pass provides cardholders of esteemed banks such as ICICI, Axis, HDFC, YES First, Citibank, IndusInd, and SBI unparalleled lounge access. Despite numerous imitators since its inception in 1992, Priority Pass's unwavering dedication has ensured unmatched lounge investments and upgrades.

Priority Pass stands unrivaled in delivering the widest array of lounge opportunities, making it a favored choice among independent travelers, corporate clients, and loyalty programs globally. Millions of members in over 148 countries benefit from the exceptional experiences initially envisioned by the founder years ago.

For domestic travelers, Priority Pass™ Access India, in collaboration with Pine Labs, offers exclusive lounge access to eligible credit or debit cardholders throughout India, integrated seamlessly into its expansive global network of 1,300+ airport lounges.

Priority Pass membership is available through various top Indian credit cards, granting global lounge access. This comprehensive program encompasses numerous lounge and airport facilities. Here's a glance at credit cards offering Priority Pass Membership:

Axis Bank:
- Axis Bank Select Credit Card: Complimentary Priority Pass Membership with global and domestic lounge access.
- Axis Bank Reserve Credit Card: Unlimited international lounge access with guest privileges.
- Axis Bank Magnus Credit Card: Unlimited international lounge access plus additional guest passes.
- Axis Bank Burgundy Private Credit Card: Extensive international and domestic lounge access for primary cardholders and guests.
HDFC Bank:
- Infinia Credit Card: Unlimited lounge access worldwide.
- Regalia Credit Card: Extensive domestic and international lounge access.
- Diners Black Credit Card: Global lounge access.
- Visa Signature Credit Card: Global lounge access.
YES First Bank:
- First Exclusive Credit Card: Complimentary international lounge access.
- First Preferred Credit Card: International and optional domestic lounge access.
- Premia Credit Card: Domestic and international lounge access.
SBI Bank:
- Elite Credit Card: Priority Pass and multiple airport lounge accesses.
- Signature Corporate Card: Access to extensive international lounges.
Citibank:
- Prestige Credit Card: Unlimited access to 1,300+ airport lounges globally.
Kotak Mahindra Bank:
- White Credit Card: Complimentary international lounge access.
- Zen Signature Credit Card: Complimentary Priority Pass with lounge access.
IndusInd Bank:
- Signature Credit Card: Priority Pass access to premium global lounges.
ICICI Bank:
- VISA Signature Credit Card: Complimentary Priority Pass for VIP lounge access worldwide.

The Top Benefits of Priority Pass Membership

Priority Pass Membership is synonymous with luxurious travel, providing access to over 1,300 global lounges. It ensures premium services, including dining, free Wi-Fi, and exclusive airport amenities, enhancing the airport experience.

Members enjoy exclusive discounts on airport dining, shopping, and spa facilities, easily redeemable via the Priority Pass app. The digital membership card offers added convenience for navigating airport services smoothly.

Priority Pass includes access to Minute Suites, offering relaxation during layovers, with the first hour complimentary. Lounges providing showers, spas, and conference rooms make extended travel more comfortable.

The membership includes 24/7 customer support, ensuring assistance is always available. Lounges often offer complimentary meals, snacks, and beverages tailored to flight schedules, significantly enhancing the travel experience.

Conclusion

Given these luxurious perks and extensive global access, enrolling in Priority Pass can fundamentally transform your travel experience. With various membership plans available, it accommodates every traveler, whether frequent or occasional, facilitating stress-free journeys with ever-expanding services.

","faqs":"

What is Priority Pass and its primary benefit?

Priority Pass is a membership program offering access to over 1,300 airport lounges worldwide, enhancing travel comfort and convenience.

How can I access lounges with Priority Pass?

You can access lounges by presenting your digital membership card or using your card-linked credentials at participating locations.

Which credit cards offer Priority Pass membership?

Top Indian credit cards from Axis, HDFC, SBI, Citibank, Kotak Mahindra, IndusInd, and ICICI often include Priority Pass membership benefits.

What additional perks does Priority Pass provide?

Members enjoy exclusive dining discounts, free Wi-Fi, Minute Suites, showers, spas, and 24/7 customer support.

Can Priority Pass be used for both domestic and international lounges?

Yes, the membership offers access to domestic lounges in India as well as international lounges across 148 countries.

","glossaryKeywords":["credit cards with priority pass"],"framerCategory":"credit-card","followUp":["How does Priority Pass ensure security and privacy for its members during lounge access?","What steps should I take if I encounter issues while trying to access a lounge?","Are there any hidden charges or fees associated with using Priority Pass services?","What upcoming features or enhancements are planned for Priority Pass members?","How does the integration of digital membership cards improve the overall travel experience?"],"meta":{"description":"Transform your travel with Priority Pass: 1,300+ worldwide lounges, exclusive benefits & services, and premium access via leading Indian credit cards – your passport to luxury."},"keyTakeaways":["Accessible across 1,300+ lounges in 148 countries.","Partnered with leading Indian banks and credit cards.","Offers premium amenities like dining, spa, and Wi-Fi.","Continuously innovates to ensure a stress-free travel experience."],"recentPosts":["673c6d0ee1a04c2f99f1e914","673c6d0ee1a04c2f99f1ebd6","673c6d0ee1a04c2f99f1e9d8","673c6d0ee1a04c2f99f1eb17","673c6d0ee1a04c2f99f1e8f6"]},{"_id":"673c6d0ee1a04c2f99f1eba4","title":"How Business Technology Tools Transform Enterprises","slug":"/blog/credit-cards/upi-transaction-charges-limit-per-day-guidelines-applicability-rules-and-everything-you-need-to-knowdocument","createdAt":"2024-07-27T00:00:00.000Z","modifiedAt":"2025-02-01T23:48:34.556Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/C0NAsAGDVeuoRnzjOgVfBq0aMLs.jpg","imageAltText":"credit-card-image","summary":"The blog explains how advanced business technology tools streamline operations, ensuring compliance and enhanced profitability. It details GST filing, vendor management, accounts payable and ITC optimization, along with financial solutions like invoice discounting and capital financing. Integrated product suites further empower organizations to automate processes and sustain improvements for both personal and corporate financial management.","readTime":"15 Mins","author":"Team Pluto","category":"credit-card","mainContent":"

In the fast-paced realm of business technology, organizations are continuously aiming to streamline operations, boost efficiency, and drive profitability. Key solutions such as GSTG1-G9 filing ASP/GSP tools, Accounts Payable, Vendor Management, MaxITC, E-Invoicing & E-Way Bill, TDSe, alongside Invoice Discounting & Financing, are pivotal in revolutionizing core financial processes. This analysis delves into how these tools and platforms can substantially enhance business processes.

The GSTG1-G9 filing ASP/GSP solution simplifies GST compliance by providing an automated platform for precise and timely filings, simplifying the reconciliation of purchase invoices and return submission, which are crucial for compliance maintenance and penalty avoidance. Similarly, the Accounts Payable solution uses AI-driven automation to increase payment process efficiency and vendor satisfaction, while improving the precision of financial data.

Vendor Management systems

enhance supplier engagement by consolidating data within a cohesive portal. This centralization facilitates procurement activities and leads to improved negotiations and cost reduction. In contrast, MaxITC is focused on optimizing Input Tax Credit (ITC), important for bolstering a company’s profitability by efficient tax credit recovery.

Invoice Discounting platforms

offer a strategic financial tactic to enhance cash flow by facilitating early vendor payments, thus optimizing EBITDA and fortifying supplier relationships. Similarly, instant working capital financing provides an innovative solution for businesses seeking prompt funds to leverage market opportunities or efficiently handle operating expenses.

Beyond standalone solutions, integrated product suites like Clear Finance Cloud, Clear Compliance Cloud, and Clear Supply Chain Cloud provide comprehensive ecosystems that amalgamate diverse financial elements of a business. These suites furnish a connected finance ecosystem for process automation, enhanced control, increased savings, and productivity. They offer complete supply chain solutions for complete oversight and compliance, essential for companies aimed at holistic improvement.

For end-users, intuitive and user-friendly tools for personal financial management, including ITR Filing and Tax Consultant Services, are accessible to assist with personal tax and business compliance, highlighting the wide range of modern solutions catering to both individual and corporate requirements.

In summary, the integration of these advanced tools and platforms into business operations paves the way for a more structured, efficient, and profitable business setting. By adopting these technologies, firms can assure compliance, streamline operations, enhance transparency, and foster a collaborative ecosystem across all operational levels.

","faqs":"

What are the benefits of the GSTG1-G9 filing ASP/GSP solution?

It automates GST compliance, ensures timely filings, and reduces errors in invoice reconciliation.

How does Accounts Payable automation enhance vendor satisfaction?

It streamlines payment processes and improves financial accuracy, leading to enhanced vendor relationships.

What advantages does a Vendor Management system offer?

It centralizes supplier data, enables efficient procurement, and supports better negotiation for cost reduction.

How does MaxITC contribute to improved profitability?

By optimizing Input Tax Credit recovery, it directly boosts a company’s bottom line through better tax management.

What benefits do integrated solutions like Clear Finance Cloud provide?

They offer a cohesive ecosystem that streamlines financial processes, enhances control, and improves operational efficiency.

","glossaryKeywords":[],"framerCategory":"credit-card","followUp":["What advanced security measures are integrated into these financial tools to safeguard data?","How can businesses troubleshoot issues in automated GST filing and reconcile discrepancies?","Are there any fees or hidden costs associated with deploying these digital financial solutions?","How do these platforms seamlessly integrate with existing ERP systems for unified operations?","What additional features do integrated suites like Clear Compliance Cloud offer for holistic business management?"],"meta":{"description":"Discover how advanced financial tools streamline operations and boost profitability through automated GST filing, efficient accounts payable, and vendor management solutions."},"keyTakeaways":["Advanced tools simplify compliance and streamline financial operations.","Solutions include GST filing, vendor management, accounts payable, and ITC optimization.","Invoice discounting and financing improve cash flow and supplier relationships.","Integrated suites offer comprehensive automation for corporate and personal financial management."],"recentPosts":["673c6d0ee1a04c2f99f1ebda","673c6d0be1a04c2f99f1e75b"]},{"_id":"673c6d0ee1a04c2f99f1eba1","title":"How to Use Your Credit Card on UPI for Payments in 2023","slug":"/blog/credit-cards/make-upi-payments-through-credit-cards-airtel","createdAt":"2024-07-27T00:00:00.000Z","modifiedAt":"2025-02-01T23:48:08.906Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/nGDyRcx7SEBw8BFZNFzg0KruapM.jpg","imageAltText":"credit-card-image","summary":"Leveraging UPI's evolving functionality, the blog explains how users can now link credit cards to UPI for transactions, outlining simple steps for setup and payment. It highlights benefits such as improved cash flow, reward accumulation, and strategic financial management, exemplified by partnerships like Airtel and Axis Bank that bring added value to digital payments.","readTime":"15 Mins","author":"Team Pluto","category":"credit-card","mainContent":"

Unified Payments Interface (UPI)

has now extended its functionality to include credit card transactions, representing a major upgrade in the digital payment sector. This development offers users the flexibility to conduct UPI transactions using their credit cards, enhancing the digital finance landscape.

Can You Use Credit Cards for UPI?

Indeed, it is possible to use credit cards for UPI transactions, although this feature is currently available only with certain issuers and banks. Make sure your card supports this feature before you proceed.

How to Link Your Credit Card with UPI:

1. Launch your UPI-enabled app, such as Airtel Thanks.
2. Go to 'Add Payment Method' and select the option for a credit card.
3. Enter your credit card details: card number, expiration date, and CVV.
4. Authenticate using the OTP sent to your registered mobile.
5. Set a UPI PIN for the credit card if prompted. Once linked, you can use your credit card for UPI payments just like a bank account or debit card.

Making Payments with Credit Card via UPI:

1. Choose UPI as the payment method during checkout.
2. Enter the UPI ID linked to your credit card.
3. Validate the payment in your UPI app using the set PIN. Note that the standard interest and fees apply if credit card payments are not completed on time.

Advantages of Using Credit Cards for UPI Payments:

Utilize the card’s credit period for better cash flow management.
Gather rewards through your card's reward program on transactions made via UPI.
Streamline financial management with a unified payment interface.

Utilizing credit cards with UPI not only augments both card and UPI ecosystem functionalities but also makes financial tasks like bill payments, shopping, or fund transfers more strategic.

Partnerships, such as between Airtel and Axis Bank, have introduced offerings like the Airtel Axis Bank Credit Card, which comes with benefits including cashback on bill payments and Airtel Thanks transactions, potentially leading to substantial yearly savings. These innovations enhance the financial toolkit and can be a valuable part of your financial planning strategy.

As the realm of digital payments progresses, these features are expected to significantly improve the accessibility and convenience of UPI transactions.

","faqs":"

Can I use my credit card for UPI transactions?

Yes, you can link your credit card in UPI apps if your issuer supports this feature, allowing you to make payments like a bank account.

How do I link my credit card with a UPI app?

Simply launch your UPI-enabled app, select 'Add Payment Method', enter your card details, verify with an OTP, and set a UPI PIN if prompted.

Are there any additional charges when using a credit card for UPI payments?

Standard credit card fees and interest apply if payments are not cleared within the due period, similar to regular card transactions.

What are the benefits of using my credit card via UPI?

Using your credit card for UPI transactions can help manage cash flow, earn rewards, and streamline your digital payments in one platform.

Is the process of linking a credit card with UPI secure?

Yes, the process involves secure OTP verification and PIN setup, ensuring a high level of security for your transactions.

","glossaryKeywords":[],"framerCategory":"credit-card","followUp":["What security measures are in place to protect credit card details during UPI transactions?","How can I troubleshoot issues if my credit card fails to link with my UPI app?","Are there any specific banks or issuers currently offering the credit card UPI feature?","Can I earn additional rewards by using specific credit cards for UPI transactions?","What steps should I follow if I need to update my credit card details linked with UPI?"],"meta":{"description":"Explore how to link your credit card with UPI for seamless digital payments that offer rewards, cash flow benefits, and enhanced financial flexibility."},"keyTakeaways":["UPI now supports credit card transactions.","Users must verify issuer compatibility before linking.","Simple steps include adding card details, authenticating via OTP, and setting a UPI PIN.","The feature offers cash flow benefits and rewards through strategic partnerships."],"recentPosts":["673c6d0be1a04c2f99f1e78d","673c6d0be1a04c2f99f1e7f1","673c6d0ee1a04c2f99f1eb99","673c6d0ee1a04c2f99f1e987","673c6d0be1a04c2f99f1e810"]},{"_id":"673c6d0be1a04c2f99f1e54f","title":"How to Navigate Indian Overseas Bank Holidays in 2024?","slug":"/blog/banking/indian-overseas-bank-holiday-list-2024","createdAt":"2024-02-07T00:00:00.000Z","modifiedAt":"2025-02-01T15:51:57.393Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/pgN5nQhukpODfGPWLBLM1Lx8.jpg","imageAltText":"banking-image","summary":"The blog details the Indian Overseas Bank holiday schedule for 2024, highlighting its adherence to RBI guidelines along with unique regional celebrations across Indian states. This comprehensive guide helps customers plan transactions while embracing cultural diversity and ensuring uninterrupted banking services during national and local festivities. Customers benefit from timely updates and state-by-state holiday information.","readTime":"15 Mins","author":"Team Pluto","category":"banking","mainContent":"

Introduction

In the dynamic world of modern banking, staying informed about the holiday schedule is vital for seamless transactions. Indian Overseas Bank (IOB), a prominent bank in India, adheres to the RBI holiday calendar while accounting for regional festivities. As we approach 2024, it becomes essential for IOB customers to familiarize themselves with these holidays, which vary by state and include both national and regional celebrations.

Holiday Schedule Overview

The IOB holiday schedule, as regulated by the RBI, includes closures on the second and fourth Saturdays aside from Sundays, ensuring efficient services while honoring diverse cultural events. India's rich diversity is reflected in IOB's meticulously curated holiday calendar, empowering customers to manage their financial activities with ease. For instance, holidays in regions such as Andaman & Nicobar, Andhra Pradesh, Puducherry, Sikkim, Telangana, and Tripura cover national events like Republic Day and unique regional festivals like Pongal and Ugadi, highlighting the nation's cultural wealth.

Recognizing the holiday schedule is pivotal to avoiding disruptions in scheduling loan repayments or fund transfers. Additionally, acknowledging these holidays enhances cultural inclusivity and reflects IOB's commitment to upholding India's traditions while providing exceptional banking services. The IOB holiday calendar for 2024 exemplifies its commitment to customer satisfaction and cultural homage.

State-wise Holiday Information

Organizing holidays on a state-by-state basis, this guide enables IOB clientele to meet their banking needs amidst India's diverse celebrations. Whether participating in vibrant festivities in Andhra Pradesh or tranquil observances in Sikkim, IOB assures its services function with precision and respect.

The detailed list of Indian Overseas Bank Holidays by state pinpoints specific dates:

Andaman & Nicobar: Republic Day - January 26, Holi - March 8, Independence Day - August 15, etc.
Andhra Pradesh: Pongal - January 15, Ugadi - March 22, Diwali - November 12, etc.
Arunachal Pradesh: Republic Day - January 26, Losar - February 7, Diwali - November 12, etc.
Assam: Republic Day - January 26, Magh Bihu - January 15, Durga Puja - October 8, etc.
Bihar: Republic Day - January 26, Makar Sankranti - January 14, Vijaya Dashami - October 24, etc.

The list expands for other states, reflecting the variety in celebrations.

Cultural Commitment

IOB upholds its dedication to delivering impeccable services while embracing cultural diversity and tradition, whether it's Diwali or Eid. These holidays denote IOB's commitment to fostering an inclusive banking environment.

Conclusion

In summary, the Indian Overseas Bank Holidays 2024 are more than just dates; they represent India's cultural mosaic. Understanding these helps customers in planning their transactions efficiently, echoing IOB's mission to endorse seamless and inclusive banking experiences.

","faqs":"

How can I find the IOB holiday schedule for 2024?

You can view the official holiday calendar on the IOB website or visit your local branch for detailed dates.

Does IOB follow a nationwide holiday schedule?

IOB adheres to the RBI holiday calendar while also observing state-specific regional celebrations.

Which days are typically non-working for IOB?

IOB is generally closed on Sundays, as well as the second and fourth Saturdays, alongside other designated holidays.

How do IOB holidays affect my banking transactions?

Being aware of the holiday schedule helps you plan transactions like loan repayments and fund transfers to avoid delays.

How does IOB integrate regional festivals into its holiday calendar?

IOB includes both national events and unique regional festivals, reflecting India's rich and diverse cultural heritage.

","glossaryKeywords":[],"framerCategory":"banking","followUp":["How are last-minute changes to the IOB holiday schedule communicated to customers?","What measures does IOB implement to ensure uninterrupted services during holidays?","Are there special guidelines for handling urgent transactions on bank holidays?","How can customers quickly access updated holiday information through digital platforms?","What additional cultural insights can be gained from understanding IOB's holiday calendar?"],"meta":{"description":"Discover the Indian Overseas Bank Holidays 2024 calendar! Stay informed on RBI-regulated closures, state-wise festive dates, and plan your transactions seamlessly."},"keyTakeaways":["IOB follows RBI guidelines while marking both national and regional festivals.","The schedule includes second and fourth Saturdays plus Sundays as holidays.","State-specific details assist in planning transactions effectively.","The calendar underscores IOB’s commitment to cultural inclusivity and seamless service."],"recentPosts":["673c6d0be1a04c2f99f1e5f0","673c6d0be1a04c2f99f1e54b","673c6d0ee1a04c2f99f1ec2b","673c6d0ee1a04c2f99f1ebeb","673c6d0ee1a04c2f99f1ea56"]},{"_id":"673c6d0be1a04c2f99f1e891","title":"How to Contact StashFin for Collateral-Free Loans?","slug":"/blog/stashfin-personal-loan-customer-care-get-assistance-and-resolve-your-queries","createdAt":"2024-03-21T00:00:00.000Z","modifiedAt":"2025-02-02T01:43:45.611Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/6FQC0vRQrnHa1GJNWGITFGSDbk.jpg","imageAltText":"blog-image","summary":"As a leading provider of collateral-free personal loans , StashFin offers\nloan amounts from Rs. 1,000 to Rs.","readTime":"15 Mins","author":"Team Pluto","category":"blog","mainContent":"

Overview

As a leading provider of collateral-free personal loans, StashFin offers loan amounts from Rs. 1,000 to Rs. 5 lakh. Catering to both salaried and self-employed individuals, StashFin ensures a seamless application process with minimal documentation required. With flexible repayment options spanning from 3 to 36 months, it is designed for user convenience. For assistance or inquiries, here's a comprehensive guide on contacting StashFin's customer service.

Contact Details

To get in touch with StashFin customer care, dial 011-47848400, keeping in mind that standard calling charges may apply.

Other Contact Methods

You can also reach StashFin through other means:

Social Media: Connect via StashFin’s Facebook page, but ensure that you do not disclose any private financial information.
Email: Send your queries to customercare@stashfin.com for prompt responses.
Mobile Application: Seek assistance through the StashFin app using these steps:
1. Go to the StashFin website and click on \"Log In\" at the top-right corner.
2. Log in using your registered email or mobile number along with your password.
3. Navigate to the \"Help\" menu in the app for solutions.

Grievance Redressal

If you have complaints or grievances, reach out to StashFin's Grievance Redressal Officer:

Name: Sanjeev Walia
Contact: 9953595222
Email: grievance.officer@stashfin.com

The Grievance Redressal Officer is accessible from Monday to Saturday, between 10:00 am and 6:00 pm, except on the 1st and 2nd Saturdays, Sundays, and National holidays, in accordance with Rule 5 of the Information Technology Rules, 2011.

Conclusion

Stay updated and efficiently handle your queries with StashFin's dedicated customer support and grievance resolution services.

","faqs":"

What are collateral-free personal loans?

StashFin offers unsecured loans ranging from Rs. 1,000 to Rs. 5 lakh with minimal documentation.

How can I contact StashFin customer care?

You can reach out by dialing 011-47848400 or emailing customercare@stashfin.com for prompt assistance.

What other support channels are available?

In addition to a phone call, you can contact through social media or via the StashFin mobile app.

How do I raise a grievance with StashFin?

Contact the Grievance Redressal Officer, Sanjeev Walia, at 9953595222 or email grievance.officer@stashfin.com for complaints.

What are the working hours for grievance redressal?

Grievance redressal is available Monday to Saturday from 10:00 am to 6:00 pm, excluding Sundays and specific Saturdays and public holidays.

","glossaryKeywords":[],"framerCategory":"blog","followUp":["Can I apply for multiple loans to increase my funding flexibility?","What steps are involved in the loan application process with minimal documentation?","Are there any eligibility criteria or credit checks for collateral-free loans?","How secure is my personal information when contacting StashFin via digital channels?","What additional customer support features does StashFin offer through its mobile app?"],"meta":{"description":"StashFin offers collateral-free personal loans from Rs. 1,000 to Rs. 5 lakh with flexible repayment options. Contact us via phone, email, or app for seamless support."},"recentPosts":["673c6d0ee1a04c2f99f1eb7d","673c6d0ee1a04c2f99f1eb82","673c6d0be1a04c2f99f1e69e","673c6d0be1a04c2f99f1e8dd","673c6d0be1a04c2f99f1e8a9"]},{"_id":"673c6d0ee1a04c2f99f1ec33","title":"What Are Interval Funds? Discover Their Types & Benefits","slug":"/blog/mutual-fund/interval-funds","createdAt":"2024-06-13T00:00:00.000Z","modifiedAt":"2025-02-02T00:26:24.134Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/7hLLdrK0tksSSpF0eH4ZrOhH2E.jpg","imageAltText":"mutual-fund-image","summary":"This blog explores the classification of mutual funds as defined by SEBI, highlighting the distinctions between open-ended, closed-ended, and interval funds specifically. It focuses on interval schemes available in India, detailing their types, inherent benefits, and providing additional insights. Investors are encouraged to leverage this information for informed decision-making.","readTime":"5 Mins","author":"Team Pluto","category":"mutual-fund","mainContent":"

Interval Schemes Overview

Mutual funds offer a range of types, and the Securities and Exchange Board of India (SEBI) is instrumental in classifying these schemes, assisting investors in making informed decisions. These classifications are based on asset types and investment duration. One key classification includes open-ended funds, closed-ended funds, and interval funds. This overview centers on interval schemes, exploring the various interval fund types available in India, their benefits, and additional insights.

","faqs":"

What are interval schemes?

Interval schemes are mutual funds that offer a blend of open-ended and closed-ended fund features, allowing transactions only during specified intervals.

How do interval schemes work?

They permit investors to buy or redeem their units during predetermined repurchase windows, balancing liquidity and investment stability.

What benefits do interval schemes offer?

They provide periodic liquidity, reduced volatility risk, and the potential for steady long-term returns.

How does SEBI classify interval schemes?

SEBI categorizes mutual funds by asset type and investment duration, placing interval schemes between typical open-ended and closed-ended funds.

Who should consider investing in interval schemes?

They are ideal for investors seeking regular liquidity without sacrificing the benefits of long-term growth.

","glossaryKeywords":["interval funds"],"framerCategory":"mutual-fund","followUp":["How frequently are the repurchase intervals available in interval schemes?","What key risks should investors be aware of when investing in interval schemes?","Are there any specific fees or charges associated with interval scheme transactions?","How can investors troubleshoot common issues when accessing information on interval schemes?","What additional factors should investors consider when comparing interval schemes with other mutual fund types?"],"meta":{"description":"Delve into interval schemes: learn how SEBI classifies mutual funds, explore benefits, investment duration, and features of these unique fund types in India."},"keyTakeaways":["SEBI classifies mutual funds by asset type and investment duration.","Interval schemes are a distinct category within fund classifications.","The blog focuses on interval funds available in India.","It provides insights into the benefits and types of interval schemes to aid investor decisions."],"recentPosts":["673c6d0ee1a04c2f99f1ebc7","673c6d0ee1a04c2f99f1eae7","673c6d0ee1a04c2f99f1ebf7","673c6d0be1a04c2f99f1e5a5","673c6d0be1a04c2f99f1e695"]},{"_id":"673c6d0be1a04c2f99f1e88d","title":"Indian Overseas Bank 2024: Timings and Services Unveiled","slug":"/blog/indian-overseas-bank-timings-in-2024-opening-time-neft-timings-more","createdAt":"2024-03-21T00:00:00.000Z","modifiedAt":"2025-02-02T01:43:11.592Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/XW6ZqhR2B6gGRCwq9bnFr7ES8.jpg","imageAltText":"blog-image","summary":"Indian Overseas Bank: Timings & Services Overview for 2024\n\nIf you are linked with Indian Overseas Bank (IOB) or planning to visit a\nbranch, it's essential to know their transaction timings for 2024:\n\nWeekdays: \nCash Transactions: 10:00 AM - 3:30 PM \nNon-cash Transactions: 9:30 AM - 5:00 PM \nLunch Break: 1:30 PM - 2:00 PM (Services continue during lunch)\n\nSaturdays: Branches operate from 10:00 AM to 3:30 PM on the 1st, 3rd, and\n5th Saturdays and remain closed on the 2nd and 4th Saturdays. Confirm specific\ntimings via the IOB customer care line.","readTime":"15 Mins","author":"Team Pluto","category":"blog","mainContent":"

Indian Overseas Bank: Timings & Services Overview for 2024

If you are linked with Indian Overseas Bank (IOB) or planning to visit a branch, it's essential to know their transaction timings for 2024:

Weekdays:

Cash Transactions: 10:00 AM - 3:30 PM
Non-cash Transactions: 9:30 AM - 5:00 PM
Lunch Break: 1:30 PM - 2:00 PM (Services continue during lunch)

Saturdays:

Branches operate from 10:00 AM to 3:30 PM on the 1st, 3rd, and 5th Saturdays and remain closed on the 2nd and 4th Saturdays. Confirm specific timings via the IOB customer care line.

Post-relaxation of COVID-19 restrictions, branches returned to regular hours, operating from 9:20 AM to 5:00 PM. Visitors must wear masks and adhere to social distancing for safety.

Online Banking Services:

IOB's online options, such as internet banking, mobile banking, and ATMs, are available 24/7, even on holidays. NEFT transactions are possible online round-the-clock.

NEFT Timings In-Branch:

10:00 AM - 5:00 PM, with a lunch break between 1:30 PM and 2:00 PM. Transactions are processed at 30-minute intervals through the RBI, generally completing fund transfers within an hour.

RTGS and IMPS:

RTGS transactions can be made in-branch between 10:00 AM and 5:00 PM, with online services accessible 24/7 and a minimum transfer of Rs. 2 lakh. For amounts below Rs. 2 lakh, IMPS offers swift transfers anytime, including holidays.

UPI Transactions:

The UPI allows instant 24/7 payments without needing to share account details, even on public holidays.

In conclusion, IOB ensures flexible banking services while maintaining safety measures. Stay updated to maximize their offerings.

Banking References and Acronyms:

Credit Information Bureau (India) Limited
Magnetic Ink Character Recognition
Real-Time Gross Settlement
Immediate Payment Service
National Electronic Funds Transfer
Non-Banking Financial Companies
Micro, Small and Medium Enterprises
Non-Resident Indian
Goods and Services Tax
Permanent Account Number
Unique Identification Authority of India
Employees’ Provident Fund
Life Insurance Corporation
Automated Teller Machine

","faqs":"

How can I check the Indian Overseas Bank branch timings?

You can visit the official IOB website or contact their customer care to get the latest branch timings.

What are the specific operating hours on Saturdays?

IOB branches open from 10:00 AM to 3:30 PM on the 1st, 3rd, and 5th Saturdays, and remain closed on the 2nd and 4th Saturdays.

Are online banking services available 24/7?

Yes, IOB's internet banking, mobile banking, ATMs, and UPI services are accessible 24 hours a day, including holidays.

When can NEFT and RTGS transactions be processed in-branch?

NEFT and RTGS transactions in-branch are processed between 10:00 AM and 5:00 PM, with a lunch break from 1:30 PM to 2:00 PM.

What safety measures should visitors follow at IOB branches?

Visitors are advised to wear masks and adhere to social distancing protocols, as per IOB's post-COVID safety guidelines.

","glossaryKeywords":[],"framerCategory":"blog","followUp":["What additional digital banking tools and services does IOB offer?","How does Indian Overseas Bank ensure the security of both online and offline transactions?","Are there any charges or fees associated with NEFT, RTGS, or IMPS transactions?","What steps should customers take if they face issues with online banking or transaction errors?","How can customers benefit from personalized banking features and additional financial services at IOB?"],"meta":{"description":"Discover Indian Overseas Bank's 2024 guide on branch timings, 24/7 online banking, NEFT/RTGS services, and safety protocols for secure, convenient transactions."},"recentPosts":["673c6d0ee1a04c2f99f1eae4","673c6d0ee1a04c2f99f1eae8","673c6d0ee1a04c2f99f1ebab","673c6d0ee1a04c2f99f1e900","673c6d0ee1a04c2f99f1eb82"]},{"_id":"673c6d0be1a04c2f99f1e550","title":"How IDBI Bank's Holiday List Honors India's Diversity","slug":"/blog/banking/idbi-bank-s-holiday-calendar-across-different-states","createdAt":"2024-02-07T00:00:00.000Z","modifiedAt":"2025-02-01T15:52:32.100Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/lOSpypQ0hkpGHYYYB08SlpT1ro.jpg","imageAltText":"banking-image","summary":"IDBI Bank, established in 1964 and later privatized with LIC’s majority stake in 2019, honors India’s cultural diversity by tailoring its holiday calendar to regional festivals. It celebrates both major national and numerous state-specific events, fostering community ties and inclusivity. The bank’s approach sets an example of respect and unity within a diverse society.","readTime":"15 Mins","author":"Team Pluto","category":"banking","mainContent":"

IDBI Bank

was established in 1964, originally part of the Reserve Bank of India, transitioning later to government ownership. It played a key role in forming significant institutions like SIDBI, EXIM Bank, NSE, and NSDL. With financial sector reforms, government holdings were reduced by 2019, with LIC taking a 51% stake, reclassifying IDBI as a private bank from January 2019.

India's cultural diversity is celebrated through festivals like Holi in the north and Onam in the south. IDBI Bank respects this diversity by tailoring its holiday calendar to acknowledge state-specific events, ensuring employees and customers see their traditions honored.

IDBI operates nationwide, including festivals like Durga Puja in West Bengal and Diwali in Maharashtra, to strengthen community ties and show respect for cultural diversity.

IDBI also celebrates regional festivals like Assam's Bihu, Bihar's Chhath Puja, and Chandigarh's Lohri. Including minority festivals like Eid-e-Milad and Guru Ravidas Jayanti promotes cultural harmony.

Recognizing national holidays such as Republic Day and Independence Day, IDBI underscores its dedication to democratic values, transcending dates to represent India's diverse culture.

IDBI Bank holiday list by state:

Andhra Pradesh: Pongal, Kanuma Panduga, Republic Day, Mahashivratri, Holi, Good Friday, Babu Jagjiwan Ram Jayanti, Ugadi, Ram Navami, Ambedkar Jayanti, Ramzan/Eid-ul-Fitr, Bakrid, Independence Day, Janmashtami, Muharram, Ganesh Chaturthi, Gandhi Jayanti, Maha Ashtami, Maha Navami, Dussehra, Eid-e-Milad, Diwali, Christmas.
Tamil Nadu: Pongal, Uzhavar Thirunal, Thiruvalluvar Day, Republic Day, Telugu New Year, Mahavir Jayanti, Good Friday, Tamil New Year, May Day, Ramzan/Eid-ul-Fitr, Independence Day, Krishna Jayanthi, Vinayagar Chathurthi, Bakrid, Gandhi Jayanti, Ayudha Pooja, Vijaya Dashami, Deepavali, Milad-un-Nabi, Karthigai Deepam, Christmas.
Tripura: New Year's Day, Guru Gobind Singh Jayanti, Netaji Subhas Chandra Bose Jayanti, Republic Day, Dol Jatra, Good Friday, Ramzan/Eid-ul-Fitr, Independence Day, Muharram, Gandhi Jayanti, Durga Puja Saptami, Durga Puja Ashtami, Durga Puja Navami, Vijaya Dashami, Kali Puja, Diwali, Christmas.
Uttarakhand: Makar Sankranti, Basant Panchami, Mahashivratri, Holi, Ugadi, Good Friday, Ram Navami, Mahavir Jayanti, Ambedkar Jayanti, Easter Sunday, Buddha Purnima, Idul-Fitr, Rath Yatra, Bakrid, Independence Day, Raksha Bandhan, Janmashtami, Muharram, Ganesh Chaturthi, Vishwakarma Puja, Gandhi Jayanti, Dussehra, Eid-e-Milad, Diwali, Guru Nanak Jayanti, Christmas.
Uttar Pradesh: Makar Sankranti, Basant Panchami, Mahashivratri, Holi, Ugadi, Good Friday, Ram Navami, Mahavir Jayanti, Ambedkar Jayanti, Easter Sunday, Buddha Purnima, IdulFitr, Rath Yatra, Bakrid, Independence Day, Raksha Bandhan, Janmashtami, Muharram, Ganesh Chaturthi, Vishwakarma Puja, Gandhi Jayanti, Dussehra, Eid-e-Milad, Diwali, Guru Nanak Jayanti, Christmas.
West Bengal: New Year's Day, Makar Sankranti, Republic Day, Saraswati Puja (Sri Panchami), Maha Shivaratri, Doljatra/Holi, Good Friday, Ram Navami, Mahavir Jayanti, Easter Sunday, Buddha Purnima, Idul Fitr, Ratha Yatra, Bakrid, Independence Day, Raksha Bandhan, Janmashtami, Muharram, Ganesh Chaturthi, Vishwakarma Puja, Gandhi Jayanti, Dussehra, Kali Puja, Bhai Dooj, Chhath Puja, Eid-e-Milad, Guru Nanak Jayanti, Christmas.
Andaman and Nicobar Islands: New Year's Day, Makar Sankranti, Republic Day, Sri Panchami, Maha Shivaratri, Holi, Ugadi, Good Friday, Ram Navami, Mahavir Jayanti, Easter Sunday, Buddha Purnima, Idul Fitr, Ratha Yatra, Bakrid, Independence Day, Raksha Bandhan, Janmashtami, Muharram, Ganesh Chaturthi, Vishwakarma Puja, Gandhi Jayanti, Dussehra, Eid-e-Milad, Diwali, Guru Nanak Jayanti, Christmas.
Arunachal Pradesh: New Year's Day, Makar Sankranti, Republic Day, Losar, Sri Panchami, Maha Shivaratri, Holika Dahan, Holi, Ugadi, Good Friday, Ram Navami, Mahavir Jayanti, Easter Sunday, Buddha Purnima, Idul Fitr, Ratha Yatra, Bakrid, Independence Day, Raksha Bandhan, Janmashtami, Muharram, Ganesh Chaturthi, Vishwakarma Puja, Gandhi Jayanti, Dussehra, Durga Puja, Diwali, Guru Nanak Jayanti, Tamu Losar, Christmas.
Assam: New Year's Day, Magh Bihu, Republic Day, Sri Panchami, Maha Shivaratri, Doljatra/Holi, Ugadi, Good Friday, Bohag Bihu, Ram Navami, Mahavir Jayanti, Easter Sunday, Buddha Purnima, Idul Fitr, Ratha Yatra, Bakrid, Independence Day, Raksha Bandhan, Janmashtami, Muharram, Ganesh Chaturthi, Vishwakarma Puja, Gandhi Jayanti, Dussehra, Eid-e-Milad, Diwali, Guru Nanak Jayanti, Christmas.
Bihar: New Year's Day, Makar Sankranti, Republic Day, Saraswati Puja (Sri Panchami), Maha Shivaratri, Holi, Ugadi, Good Friday, Ram Navami, Mahavir Jayanti, Easter Sunday, Buddha Purnima, Idul Fitr, Ratha Yatra, Bakrid, Independence Day, Raksha Bandhan, Janmashtami, Muharram, Ganesh Chaturthi, Vishwakarma Puja, Gandhi Jayanti, Dussehra, Chhath Puja, Eid-e-Milad, Guru Nanak Jayanti, Christmas.
Chandigarh: New Year's Day, Lohri, Makar Sankranti, Republic Day, Guru Ravidas Jayanti, Maha Shivaratri, Holi, Ugadi, Good Friday, Ram Navami, Mahavir Jayanti, Easter Sunday, Buddha Purnima, Idul Fitr, Ratha Yatra, Bakrid, Independence Day, Raksha Bandhan, Janmashtami, Muharram, Ganesh Chaturthi, Vishwakarma Puja, Gandhi Jayanti, Dussehra, Eid-e-Milad, Diwali, Guru Nanak Jayanti, Christmas.

IDBI's approach fosters inclusivity, celebrating India's culture. Its practices promote empathy, respect, and community engagement, enhancing its societal standing and customer rapport, establishing it as a model for creating supportive environments globally.

Ultimately, IDBI Bank's holiday approach celebrates India's cultural richness, promoting unity through diversity.

","faqs":"

What is the legacy of IDBI Bank?

IDBI Bank, established in 1964, evolved from an RBI-linked institution to a government-owned bank, later transitioning to privatization in 2019.

How does IDBI Bank incorporate regional festivals into its holiday calendar?

The bank tailors its holiday list to include state-specific festivals such as Durga Puja, Diwali, and other regional celebrations.

Does IDBI Bank observe both national and minority festivals?

Yes, alongside national holidays like Republic Day and Independence Day, IDBI celebrates minority and regional festivals such as Eid-e-Milad.

How do these cultural celebrations benefit IDBI Bank and its community?

They enhance community engagement, foster cultural inclusivity, and strengthen the bank's rapport with a diverse customer base.

Where can customers find detailed holiday lists for various states?

Comprehensive state-specific holiday calendars are available on IDBI Bank's official website and at local branches.

","glossaryKeywords":[],"framerCategory":"banking","followUp":["How does IDBI Bank update and manage its holiday calendar annually?","What steps are taken to ensure accurate and timely communication of holiday schedules to customers?","Are there any digital tools or apps provided by IDBI Bank to help customers stay informed about holiday updates?","How do cultural celebrations at IDBI Bank influence its community outreach and customer service strategies?","What additional services or promotions does IDBI Bank offer during festive seasons to enrich customer experience?"],"meta":{"description":"Discover IDBI Bank's legacy and its inclusive, culturally rich holiday calendar that honors regional traditions, national celebrations, and community bonds across India."},"keyTakeaways":["Founded in 1964, IDBI Bank evolved through privatization in 2019.","It customizes holiday calendars to reflect regional cultural events.","Celebrates national, state-specific, and minority festivals.","Promotes social unity and inclusive community engagement."],"recentPosts":["673c6d0ee1a04c2f99f1e9b7","673c6d0ee1a04c2f99f1e9b8","673c6d0ee1a04c2f99f1ebcc","673c6d0be1a04c2f99f1e8dc","673c6d0ee1a04c2f99f1eae2"]},{"_id":"673c6d0ee1a04c2f99f1eb9d","title":"How Credit Cards Streamline Financial Management","slug":"/blog/credit-cards/how-to-transfer-money-from-credit-card-to-savings-bank-account-24-july-2024","createdAt":"2024-07-27T00:00:00.000Z","modifiedAt":"2025-02-01T23:47:12.628Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/EPFvAjkENw6XSuvnDMR25zQIXk.jpg","imageAltText":"credit-card-image","summary":"The blog discusses essential strategies for effective financial management in an evolving environment, highlighting credit card tools, various loan options, balance transfers, and financial calculators. It emphasizes leveraging these instruments along with educational resources such as CIBIL scores and ID details. Both individuals and businesses can achieve informed decisions and improved financial health.","readTime":"15 Mins","author":"Team Pluto","category":"credit-card","mainContent":"

In the current ever-changing financial environment, mastering financial management is essential. Products like credit cards, diverse loan options, and sophisticated financial calculators are critical in personal finance planning. Understanding these tools aids individuals and businesses in refining their financial strategies to effectively achieve their financial objectives.

Credit Cards and Transfers

Credit cards provides a flexible approach to managing cash flow, enabling expenses to be distributed over time. A notable feature with some cards is the balance transfer, including transfers to bank accounts, which are invaluable during urgent cash needs. Financial institutions offer tools such as the Personal Loan EMI Calculator, Home Loan EMI Calculator, and Business Loan EMI Calculator to assist in strategizing repayment plans.

Loan Options

To meet significant financial demands, various loan types are available:

Personal Loans – Typically unsecured, ideal for debt consolidation or major purchases.
Home Loans – Secured by real estate, these fund home acquisitions.
Business Loans – Support operational costs or business expansion.
Loan Against Property – Allows securing finance through property mortgage.

Efficient loan management might involve options like Home Loan Balance Transfer or Personal Loan Balance Transfer to potentially reduce interest rates and EMI burdens.

Financial Management Tools

To enhance financial management, institutions offer various tools. The FD Calculator aids in estimating fixed deposit returns, facilitating better investment decisions. Additionally, checking your CIBIL score online helps manage your credit profile effectively.

Educational Resources

Banks provide comprehensive details on products like the Aadhar Card, PAN Card, provident funds, and various saving schemes. These resources are crucial for making informed financial choices.

Conclusion

Effective financial management involves astute use of credit cards, selecting suitable loans, utilizing balance transfers, and leveraging financial calculators alongside educational resources. By applying these tools, individuals and businesses can make informed financial decisions that align with their goals and improve financial health.

","faqs":"

How do credit cards help manage cash flow?

They offer flexible payment options that allow you to spread out expenses, easing your cash flow management.

What is a balance transfer and how does it work?

It enables you to shift outstanding balances to a lower interest account, potentially reducing your debt burden.

How can loan EMI calculators assist in planning repayments?

They estimate monthly installments, helping you choose a loan plan that fits your budget and financial strategy.

What are the benefits of the different loan options available?

Each loan type is tailored for specific needs, whether for home buying, debt consolidation, or business expansion.

How can educational financial resources enhance decision-making?

They provide detailed insights on financial products and market trends, empowering you to make informed choices.

","glossaryKeywords":["transfer money from credit card"],"framerCategory":"credit-card","followUp":["What security measures are in place to protect online financial transactions?","Can I customize loan repayment plans using these financial management tools?","What should I do if I experience issues with my balance transfer process?","Are there hidden fees associated with any of these financial services?","How do emerging digital trends impact traditional financial calculators and tools?"],"meta":{"description":"Unlock smart financial management with credit cards, flexible loans, balance transfers, and comprehensive calculators to optimize your personal and business finances."},"keyTakeaways":["Master credit card, loan, and financial calculator usage.","Leverage balance transfers to manage debt effectively.","Utilize diverse loan types to meet financial needs.","Access educational resources for informed financial decisions."],"recentPosts":["673c6d0be1a04c2f99f1e7f7","673c6d0be1a04c2f99f1e7c6","673c6d0ee1a04c2f99f1eb7c","673c6d0be1a04c2f99f1e6df","673c6d0ee1a04c2f99f1e970"]},{"_id":"673c6d0ee1a04c2f99f1ebd6","title":"Who is Eligible for PNB Recurring Deposit Accounts?","slug":"/blog/recurring-deposit/pnb-rd-interest-rates-2024","createdAt":"2024-04-30T00:00:00.000Z","modifiedAt":"2025-02-02T00:06:21.041Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/sjfubrZwBJQ7HO8tbSfDm2NVooA.jpg","imageAltText":"recurring-deposit-image","summary":"The blog details Punjab National Bank's recurring deposit (RD) offerings, eligibility requirements, and necessary documentation. It outlines various schemes including RD, E-RD, and Special RD for individuals and institutions while covering premature withdrawal penalties, tax implications, and a compound interest formula for maturity calculations. RD accounts can be opened online or in-branch for additional convenience.","readTime":"8 Mins","author":"Team Pluto","category":"recurring-deposit","mainContent":"

Punjab National Bank

(PNB), established in 1894, is a major government-owned bank headquartered in New Delhi. A PNB recurring deposit (RD) enables customers to save systematically with terms ranging from 6 months to 10 years.

Eligibility for PNB RD Account

Individuals aged 10 or older can open an RD with valid age proof.
Minors under 10 can have an RD managed by a guardian.
Municipalities, panchayats, and quasi-government entities can open RD accounts.
Entities like Hindu Undivided Families (HUFs), charitable trusts, and sole proprietorships are eligible.

Required Documents for PNB RD Account

Identity proof:

Voter ID or Aadhaar
PAN card
Government-issued ID
Ration card
Senior citizen ID

Address proof:

Passport
Telephone/electricity bill
Bank statement with cheque
ID issued by post office

Types of PNB Recurring Deposit Schemes

PNB E-Recurring Deposit

Available via PNB internet banking, offering nomination facilities and crediting maturity amounts directly to the linked account.

PNB Recurring Deposit Scheme

Eligible for individuals aged 10+, minors with guardians, partnership firms, HUFs, clubs, and government organizations, starting at Rs. 100 with flexible increments.

PNB Special Recurring Deposit Product

Designed for government and private institutions or corporations with at least 10 employees or 75% eligible staff.

PNB RD Premature Withdrawal

A 1% penalty applies to early withdrawals or irregular deposits as per PNB's terms.

Tax on PNB RD Interest

Interest from RDs is taxable, with a 10% TDS if annual interest exceeds INR 40,000 (INR 50,000 for seniors), necessitating PAN submission; otherwise, TDS is 20%.

Opening a PNB Recurring Deposit Account

Online (Net Banking): Existing PNB users can log in to start an e-RD.
Offline (Branch Visit): Non-PNB customers must open an account at a branch first, then register an e-RD online.

Calculating PNB RD Maturity

Apply: A = P(1+r/n)^nt, where:
A = Maturity amount, P = Principal, r = Annual interest rate, n = Compounding frequency, t = Duration.

Example: Mr. Atul's RD with Rs 500 monthly for 24 months at 6.5% earns Rs 12,843, including Rs 843 interest. PNB RDs offer competitive rates and tax benefits under the Income Tax Act of 1961, with 10% TDS on interest exceeding Rs. 10,000, reduced with Form 15G or 15H submissions.

","faqs":"

How can I open a PNB Recurring Deposit account?

If you're an existing PNB user, you can open an e-RD through net banking; otherwise, visit a branch to open an account first.

What documents are required for opening a PNB RD account?

You need valid identity proof (Voter ID, Aadhaar, PAN, etc.) and address proof (passport, bills, bank statement) along with other required documents.

Who is eligible to open a PNB RD account?

Individuals 10 years or older, minors with guardians, as well as entities like HUFs, charitable trusts, municipalities, and panchayats are eligible.

How is the maturity amount of a PNB RD calculated?

The maturity amount is determined using the compound interest formula A = P(1 + r/n)^(n*t), where P is the principal amount.

Is there a penalty for premature withdrawal of a PNB RD?

Yes, a 1% penalty is applied to early withdrawals or irregular deposits as per PNB's terms.

","glossaryKeywords":["pnb rd interest rates 2024"],"framerCategory":"recurring-deposit","followUp":["What security measures are implemented to safeguard online PNB RD transactions?","How can customers troubleshoot common issues encountered during the e-RD registration process?","Are there any additional fees apart from the 1% penalty for premature withdrawals?","What are the tax implications and benefits of investing in PNB Recurring Deposits?","How do the different PNB RD schemes compare in terms of interest rates and flexibility?"],"meta":{"description":"Explore PNB Recurring Deposits with essential details on eligibility, required documents, schemes, premature withdrawals, tax implications, and maturity calculations."},"keyTakeaways":["PNB provides various RD schemes for different customer types.","Eligibility includes individuals, minors (with guardians), and institutions.","Essential documents include identity and address proofs are required.","Early withdrawals incur a 1% penalty with specific tax implications on interest."],"recentPosts":["673c6d0ee1a04c2f99f1eb1e","673c6d0ee1a04c2f99f1ebda","673c6d0ee1a04c2f99f1ebdc","673c6d0ee1a04c2f99f1eb15","673c6d0be1a04c2f99f1e58e"]},{"_id":"673c6d0ee1a04c2f99f1ec32","title":"Understanding Closed-Ended Mutual Funds in India","slug":"/blog/mutual-fund/closed-ended-funds","createdAt":"2024-06-13T00:00:00.000Z","modifiedAt":"2025-02-02T00:26:20.186Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/USdkaFsd9cz1KsNBgFTMErZtIA.jpg","imageAltText":"mutual-fund-image","summary":"The article discusses various types of mutual funds classified by structure, focusing particularly on closed-ended mutual funds. It contrasts closed-ended funds with open-ended funds by highlighting differences in trading frequency and outlining the growing popularity and benefits of closed-ended funds in India. The blog offers deeper insight into these evolving investment options.","readTime":"6 Mins","author":"Team Pluto","category":"mutual-fund","mainContent":"

Closed-Ended Mutual Funds

Mutual Funds can be categorized by structure into three main types: open-ended, closed-ended, and interval funds. This classification is primarily based on the trading frequency of the scheme's units. Open-ended funds are highly favored for their trading flexibility, while closed-ended funds have been gaining traction.

This write-up explores Closed-Ended Mutual Funds, examining the various types available in India, their advantages, and offering a deeper understanding.

","faqs":"

What are closed-ended mutual funds?

They are investment schemes with fixed units that trade on exchanges like stocks.

How do closed-ended funds differ from open-ended funds?

Unlike open-ended funds, closed-ended funds have a fixed number of shares and defined trading periods.

What advantages do closed-ended mutual funds offer?

They can provide opportunities for discounted valuations, potential capital gains, and portfolio diversification.

How can investors trade closed-ended mutual funds?

These funds are traded on stock exchanges through brokers during regular market hours.

What should be considered before investing in closed-ended funds?

Investors should evaluate liquidity, market conditions, premium or discount pricing, and management quality.

","glossaryKeywords":["closed ended funds"],"framerCategory":"mutual-fund","followUp":["What market factors most influence the pricing of closed-ended mutual funds?","How do management fees and expenses compare between closed-ended and open-ended funds?","What risk mitigation strategies do fund managers use in closed-ended funds?","Can closed-ended mutual funds be a viable option for long-term portfolio diversification?","How do economic trends impact the liquidity and trading performance of closed-ended funds?"],"meta":{"description":"Explore closed-ended mutual funds in India, their unique trading methods, advantages, and how they differ from open-ended funds for smart investing."},"keyTakeaways":["Mutual funds are categorized as open-ended, closed-ended, and interval funds.","Closed-ended funds are gaining traction in India.","Trading frequency distinguishes open-ended and closed-ended funds.","The article provides insights into the benefits of closed-ended funds."],"recentPosts":["673c6d0ee1a04c2f99f1ec31","673c6d0ee1a04c2f99f1eb0d","673c6d0ee1a04c2f99f1ea4f","673c6d0ee1a04c2f99f1ec08","673c6d0ee1a04c2f99f1eaf4"]},{"_id":"673c6d0ee1a04c2f99f1eb9f","title":"Are Credit Cards Essential for Students at Age 18?","slug":"/blog/credit-cards/credit-cards-for-18-year-olds-building-financial-independence","createdAt":"2024-07-27T00:00:00.000Z","modifiedAt":"2025-02-01T23:47:44.602Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/ZvrV5yJ4C3ihOom6lDIw9n4VI.jpg","imageAltText":"credit-card-image","summary":"Credit cards for college students serve as a beginner’s financial tool, building credit profiles from age 18 and teaching responsible money management. They feature simplified applications, low fees, and modest limits that foster safe credit practices. By building credit history in college, students pave the way for better financial opportunities post-graduation.","readTime":"15 Mins","author":"Team Pluto","category":"credit-card","mainContent":"

Credit cards

play a significant role in shaping the financial management skills of college students. By acquiring a credit card at age 18, young adults can begin building their credit profile, learning to manage monthly spending, meet payment deadlines, and understand credit limits. Under parental supervision, these cards foster prudent money management practices. As a beginner’s financial tool, they offer college students a safe way to gain practical credit experience, crucial for lifelong financial literacy and improved creditworthiness.

Features and Benefits:

Student credit cards come with features particularly designed for college students, including a simplified application process that typically doesn’t require income proof, thus ensuring quick approval. A primary benefit is the formation of a credit history. Possessing a credit card from age 18 and making on-time payments assist in building creditworthiness. Using the card responsibly post-graduation contributes to a better credit score, making favorable loan terms more accessible.

Many student credit cards have low or zero annual fees and modest credit limits to prevent overspending while cultivating financial skills. They offer a secure credit experience throughout a student’s college tenure and provide savings through cashback, discounts, and rewards on essential purchases like books, fuel, and online courses.

Eligibility Criteria:

Eligibility for a student credit card generally requires applicants to be over 18 and enrolled in college. Some issuers may stipulate an educational loan association. Essential documents include a birth certificate for age verification, a valid student ID, and a PAN card. Eligibility criteria are more relaxed than those for regular cards; no income proof or prior credit history is needed. This streamlined process allows students over 18 to obtain their first student credit card and start building their credit.

A student credit card is excellent for developing smart credit habits. Responsible use during college enhances credit management proficiency. Regular payments improve credit scores, offering more opportunities after graduation. When your career commences, you can upgrade to a card with benefits like cashback and travel rewards. Getting a credit card at 18 sets the groundwork for credit success beyond the student years.

","faqs":"

What exactly are student credit cards and their benefits for college students?

Student credit cards are designed to help college students establish a credit history, manage monthly spending, and build financial discipline with low or zero annual fees.

Is income proof required to apply for a student credit card?

No, most student credit cards offer a simplified application process that typically does not require income proof, making them accessible for students.

How does using a credit card at an early age help in building credit history?

Responsible usage and timely payments with a student credit card help establish a positive credit history, improving future creditworthiness.

What fees and credit limits can students expect with these cards?

Student credit cards often feature low or zero annual fees and modest credit limits to encourage responsible spending while building financial habits.

What documents are generally required to apply for a student credit card?

Applicants usually need a valid student ID, birth certificate, and PAN card to verify their identity and meet eligibility criteria.

","glossaryKeywords":["credit cards for 18-year-olds"],"framerCategory":"credit-card","followUp":["How can students monitor and manage their credit card spending effectively?","What security measures are in place to protect student credit card users?","How should issues with billing or late payments on student credit cards be handled?","Can student credit cards be upgraded after graduation for enhanced benefits?","What additional rewards and cashback offers are available with student credit cards?"],"meta":{"description":"Empower your financial future! Learn how student credit cards help college students build credit, manage spending, and develop smart money habits."},"keyTakeaways":["Credit cards help college students build their credit profile from age 18.","They promote responsible spending and timely payments.","Simplified applications and low fees lower entry barriers.","Rewards and discounts enhance financial value.","Good credit habits in college support future financial opportunities."],"recentPosts":["673c6d0be1a04c2f99f1e6fb","673c6d0be1a04c2f99f1e650","673c6d0be1a04c2f99f1e648","673c6d0be1a04c2f99f1e66e","673c6d0ee1a04c2f99f1ea5b"]},{"_id":"673c6d0ee1a04c2f99f1ebdc","title":"Unlocking RBL Bank's Recurring Deposit Benefits in 2023","slug":"/blog/recurring-deposit/rbl-bank-rd-interest-rates","createdAt":"2024-04-29T00:00:00.000Z","modifiedAt":"2025-02-02T00:08:23.595Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/sjfubrZwBJQ7HO8tbSfDm2NVooA.jpg","imageAltText":"recurring-deposit-image","summary":"The blog details RBL Bank recurring deposit options featuring competitive interest rates, flexible tenures, and special rates for senior citizens. It discusses eligibility requirements, necessary documents, various deposit schemes, premature withdrawal penalties, and tax implications. Guidelines for online account opening and maturity amount calculations are also provided.","readTime":"5 Mins","author":"Team Pluto","category":"recurring-deposit","mainContent":"

RBL Bank

presents appealing recurring deposit options with competitive interest rates and flexible tenures from 6 months to 20 years, allowing individuals to save efficiently by earning interest over a specified period.

Special rates are offered for senior citizens, with up to 6.65% for general customers and 7.15% for seniors.

Eligibility Criteria

Residency: Any citizen, whether permanent or temporary, can initiate an RD account.
Minors: Individuals aged 10 and upward can open an account with guardian approval, enhancing financial literacy.
NRIs and PIOs: Non-Resident Indians and Persons of Indian Origin can invest in Indian assets through RDs.
Organizations: Corporations, partnerships, proprietorships, and Hindu Undivided Families (HUFs) are eligible.
Trusts: Charitable and other trusts can open RDs for growth.
Companies: Corporates can strategically use RDs for treasury management.
Partner Firms: Partnerships can save and invest collaboratively.

Documents Required

To set up an RD, the following documents are necessary:

Proof of Identity:

Passport
PAN card
Voter ID card
Driving License
Government ID card
Photo ration card
Senior citizen ID card

Address Proof:

Passport
Telephone bill
Electricity bill
Bank statement with cheque
Certificate/ID card from the post office

Types of RBL Recurring Deposit Schemes

Secure Investment: This RD option involves annual compounding.
Variable Options: Online accounts offering tenures up to 10 years.

HDFC Bank RD Premature Withdrawal Facility

The bank typically restricts early RD withdrawal, although exceptions may apply, carrying penalties per bank policies. Delays in monthly deposits also incur penalties.

Tax Exemptions on RBL RD

TDS is deducted according to income tax laws, and without PAN details, exceeding Rs. 10,000 annually attracts a 20% TDS rate increase.

How to Open a Recurring Deposit Account in RBL?

RBL Bank facilitates RDs with competitive rates and flexible durations from 6 months to 20 years. Applications are available through mobile or internet banking.

How to Calculate the Maturity Amount on RBL Bank RD?

RBL’s RD interest is compounded quarterly. Use the formula: A = P × (1 + NR)^Nt, where A is the maturity amount, P is the deposit, N is compounding frequency, R is the interest rate, and t is the tenure.

For instance, Mr. C from Amritsar deposits Rs. 1000/month for 4 years at a 7.2% interest rate, resulting in Rs. 5498 interest, with a total maturity amount of Rs. 55716.

","faqs":"

What are the RBL Bank recurring deposit schemes?

They offer flexible RD options including Secure Investment and Variable Options with competitive quarterly compounded interest.

Who is eligible to open an RBL Bank recurring deposit account?

Eligibility includes citizens, minors (with guardian approval), NRIs, organizations, trusts, companies, and partner firms.

What documents are required for setting up an RD account at RBL Bank?

You need identity proofs like a passport or PAN card and address proofs such as telephone or electricity bills along with a bank statement.

How is the maturity amount calculated on an RBL Bank RD?

The maturity amount is computed using a quarterly compounding interest formula based on periodic deposits and the applicable rate.

Are early withdrawals allowed from RBL Bank recurring deposits?

Early withdrawals are generally restricted; however, exceptions may be made subject to penalties as per bank policies.

","glossaryKeywords":[],"framerCategory":"recurring-deposit","followUp":["What security measures does RBL Bank implement for its digital and mobile banking services?","How are penalties determined and applied for late RD deposits at RBL Bank?","Can an RD be prematurely closed without incurring high penalties under certain conditions?","What additional banking products complement RBL Bank's recurring deposit schemes?","Where can customers find troubleshooting tips if they encounter issues during online RD account opening?"],"meta":{"description":"Discover RBL Bank's flexible recurring deposit schemes with competitive rates, easy eligibility, simple RD opening, and attractive tax benefits."},"keyTakeaways":["Flexible RD tenures from 6 months to 20 years with competitive rates.","Special interest rates are available for senior citizens.","Wide range of eligible applicants including minors, NRIs, organizations, and trusts.","Clear documentation and online banking methods simplify the account opening process.","Maturity calculations are based on quarterly compounded interest with applicable TDS rules."],"recentPosts":["673c6d0ee1a04c2f99f1eb1e","673c6d0ee1a04c2f99f1ebb0","673c6d0ee1a04c2f99f1ebda","673c6d0ee1a04c2f99f1ea12","673c6d0ee1a04c2f99f1ebd6"]},{"_id":"673c6d0ee1a04c2f99f1eb9c","title":"Is Credit Card Settlement Hurting Your Credit Score?","slug":"/blog/credit-cards/what-is-credit-card-settlement-and-how-does-it-work","createdAt":"2024-07-27T00:00:00.000Z","modifiedAt":"2025-02-01T23:47:05.335Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/8fwxjQa2nFvqAaRkGAIJLe93CVI.jpg","imageAltText":"credit-card-image","summary":"The blog outlines credit card settlement, a process that permits paying a reduced debt amount when facing financial hardships. It explains the adverse effect on credit scores, which may last up to seven years, and details the settlement process including negotiations and potential repayment plans. The article advises caution, exploring alternatives, and consulting financial advisors.","readTime":"15 Mins","author":"Team Pluto","category":"credit-card","mainContent":"

Credit Card Settlement:

This refers to an arrangement with your card issuer to resolve outstanding debt by paying a reduced amount. Often pursued when managing monthly payments becomes difficult due to unexpected financial hardships or poor spending habits, credit card settlements can seem like a temporary solution but generally have negative implications on your credit score.

Impact on Credit Rating:

Engaging in a credit card settlement can vastly reduce your credit score, comparable to declaring bankruptcy. Such a negative notation can linger on your credit report for up to seven years, affecting your ability to secure credit in the future.

Settlement Process:

Starting a settlement involves contacting your card issuer or a debt settlement firm. You'll need to articulate your financial struggles, typically through a credit card settlement letter, and negotiate the terms. Common proposals include lump sum payments. If an agreement is reached, terms might involve income-adjusted repayment plans or temporary relief options.

Is it Advisable?

Due to the impact on your credit report, credit card settlements are usually not recommended. If unavoidable, successful negotiation is crucial, and ideally, one should steer clear of the lofty fees charged by settlement firms. Practicing prudent credit card usage and timely payments is crucial. For instance, credit cards like Bajaj Finserv RBL Bank SuperCard offer flexible payment options and rewards, aiding in savings up to Rs. 55,000 annually. New applicants can apply online for swift approval.

Always consider consulting a financial advisor before proceeding with settlement to ensure it's imperative for your situation.

","faqs":"

What is a credit card settlement?

A credit card settlement is an arrangement with your card issuer to pay a reduced amount to resolve outstanding debt.

How does a settlement impact my credit score?

It can substantially lower your credit score, with the negative effect potentially remaining on your report for up to seven years.

How do I initiate a credit card settlement?

You start by contacting your card issuer or a debt settlement firm and negotiating the terms, often through a formal settlement letter.

Are credit card settlements generally advisable?

They are typically not recommended due to their significant and long-lasting negative impact on your credit report.

Should I consider using a debt settlement firm?

While available, be cautious of high fees and always consult a financial advisor before proceeding.

","glossaryKeywords":["credit card settlement"],"framerCategory":"credit-card","followUp":["What are some alternative strategies to manage credit card debt without settling?","How can I rebuild my credit score after undergoing a credit card settlement?","What key points should be included in an effective credit card settlement letter?","Are there any legal protections for consumers considering debt settlement options?","How do the benefits of flexible credit card payment options compare to the risks of settlements?"],"meta":{"description":"Explore credit card settlement insights: negotiation process, credit score impact, and why consulting a financial advisor is essential for informed debt management."},"keyTakeaways":["Credit card settlement allows resolution for a reduced debt amount.","It can severely impact credit scores for up to seven years.","Negotiation and documentation, like settlement letters, are essential.","Financial advisors and prudent credit management should be considered."],"recentPosts":["673c6d0ee1a04c2f99f1eb9b","673c6d0ee1a04c2f99f1eb84","673c6d0be1a04c2f99f1e810","673c6d0ee1a04c2f99f1e931","673c6d0ee1a04c2f99f1e8f9"]},{"_id":"6802385cd2e7b01b503ce35d","title":"A Beginner’s Guide to Personal Finance: Meaning, Tips & More","slug":"/blog/banking/beginners-guide-to-personal-finance-meaning-tips","image":"https://images.unsplash.com/photo-1699951425502-963257bd4104?q=80&w=1374&auto=format&fit=crop&ixlib=rb-4.0.3&ixid=M3wxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHx8fA%3D%3D","imageAltText":"Indian currency notes of ₹100 and ₹500 featuring Mahatma Gandhi, issued by the Reserve Bank of India, placed on a white background","summary":"Personal finance is all about how you manage your money—your income, expenses, savings, and investments. It’s essential for building financial security, achieving life goals, and reducing stress about money. This beginner-friendly guide breaks it down into five simple steps:\n\nUnderstand Your Finances: Know your income, spending, debts, and savings.\n\n1.) Set Clear Goals: Use the SMART method to define realistic and trackable financial goals.\n\n2.) Plan Investments: Choose investment options that suit your goals and risk comfort.\n\n3.) Build an Emergency Fund: Save 3–6 months of expenses to cover life’s surprises.\n\n4.) Review Regularly: Keep checking and adjusting your plan as life changes.\n\nYou don’t need to be rich or an expert—just start with awareness and small, steady steps. This guide encourages everyone to take control of their financial life for a more confident and stress-free future.","readTime":"10 Mins","author":"Team Pluto","category":"banking","mainContent":"

A Beginner’s Guide to Personal Finance: Meaning, Tips & More

Everyone wants to live a life that’s free from financial stress. Whether it’s paying bills on time, saving for the future, or just being able to enjoy simple things without constantly worrying about money, financial peace of mind is something we all hope for. And the truth is, it starts with how well you manage your personal finances. You don’t need to be an expert or have a big income. What you really need is a basic understanding of how to handle the money you earn and spend. In this blog, we’re going to walk through some simple and useful tips for managing your personal finances that can help you take better control of your money and feel more secure about the future. Let's get started.

Why is Personal Finance Important

Let’s keep it simple. If you’ve ever felt like your money disappears too fast or you’re unsure about how to save for the future, then personal finance is something you need to look at. Here’s why it’s important:

• It helps you manage your daily spending and stay prepared for future needs

• You’re able to make better choices when it comes to saving, spending, or picking the right financial products

• It supports you in planning major life goals like buying a house or funding your child’s education

• You can stay on top of bills, loans, and other responsibilities without falling behind

• It gives you a safety net during unexpected events like health issues or job loss

• Most importantly, it puts you in charge of your money instead of the other way around

Tips for Managing Your Personal Finances:

1. Plan Your Investments Wisely

Once your goals are clear, the next step is to plan your investments. This means finding the right financial products that match your goals, how much risk you’re comfortable with, and how long you’re planning to stay invested. Investment options like stocks, mutual funds, and unlisted shares each offer different levels of risk and return, so it’s important to understand what suits you best. If you’re looking for something beyond traditional investments, you might consider investing in unlisted shares. While they tend to carry higher risk, they also offer the possibility of higher rewards. To get a better idea of how they work, check out this helpful guide on the Key to Investing in Unlisted Shares.

If you’re new to investing, it’s okay to feel a little unsure at first. Start by learning more about different options—read simple articles, watch videos, or listen to finance podcasts to get a better understanding.

You can also consider getting advice from a certified investment planner. They’ll help you create a plan that’s tailored to your specific needs and ensure your portfolio is well-balanced.

2. Understand Where You Stand Financially

Before making any money decisions, it's important to first look at your current financial situation. This means sitting down and going through four basic areas.

• Income – Write down all your earnings. This includes your regular salary, bonuses, freelance income, or any other side income.

• Expenses – Track your monthly spending. This includes rent, groceries, bills, transportation, and anything else you regularly pay for.

• Debts – List any loans, credit card dues, or money you owe. This will help you see how much you need to repay.

• Savings and Assets – Check how much money you have saved and list any assets you own like fixed deposits, investments, or property.

Once you know where you stand, it becomes easier to plan what you want to do with your money.

3. Set Clear Financial Goals

It’s easier to manage your money when you know what you’re working towards. Think about what matters to you. Maybe you want to buy a car, save for your child’s education, or build a retirement fund.

Instead of keeping it vague, set clear goals. A good way to do this is by using the SMART method. Your goal should be specific, something you can measure, realistic for your situation, relevant to your needs, and should have a deadline.

For example, instead of saying "I want to save for a car", say "I’ll save Rs. 20,000 every month for the next 12 months to make the downpayment for a new car." This gives you clarity and helps you stay focused.

4. Build an Emergency Fund

An emergency fund is money you keep aside for unexpected expenses. This could be a medical emergency, a sudden job loss, or an urgent home repair. If you don’t have a backup fund, you may end up taking loans or swiping your credit card, which can add to your debt.

You don’t need to build it all at once. Just start by putting a small portion of your monthly income into a fixed deposit, a high-interest savings account, or a liquid fund. Slowly, this amount will grow and give you peace of mind. Most people aim to save at least three to six months’ worth of expenses in their emergency fund.

5. Review Your Plan from Time to Time

Life doesn’t stay the same, and neither should your financial plan.

Make it a habit to check in on your goals and savings every few months. See what’s working and what’s not.

Maybe you got a raise, or your expenses have changed. Maybe one of your goals is complete, or a new one has come up.

Update your plan based on what’s happening in your life. Small changes now can help you stay on track and avoid major problems later.

Closing Thoughts

These were some of the best tips to help you take charge of your personal finances. From budgeting and saving to building an emergency fund and exploring smart investing strategies, we hope this guide helps you feel more confident about managing your money. Stay focused, and remember, small steps can lead to big changes. Best of luck!

","faqs":"

1. What is personal finance and why is it important?
Personal finance refers to managing your money, including budgeting, saving, investing, and planning for future goals. It's important because it helps you make informed decisions, avoid debt traps, and achieve long-term financial stability.

2. How can I start managing my personal finances if I’m a beginner?
Begin by understanding where your money goes—track your income, expenses, debts, and savings. Set clear financial goals, start budgeting, build an emergency fund, and explore basic investment options that match your risk level.

3. How much should I save in an emergency fund?
Ideally, you should save enough to cover 3 to 6 months of living expenses. Start small if needed, and build it gradually through monthly savings into a liquid or high-interest savings account.

4. What is the SMART method for financial goals?
SMART stands for Specific, Measurable, Achievable, Relevant, and Time-bound. For example, instead of saying “I want to save money,” a SMART goal would be “I’ll save ₹20,000/month for 12 months to buy a new car.”

5. How often should I review my financial plan?
You should review your financial plan every few months, or whenever there's a major change in income, expenses, or life goals. Regular reviews help ensure you're on track and allow you to adjust your plan as needed.

","glossaryKeywords":["personal finance","beginner’s guide to personal finance","how to manage money","financial planning tips","money management for beginners"],"framerCategory":"","createdAt":"2025-04-18T11:32:44.702Z","modifiedAt":"2025-04-18T11:34:26.011Z","__v":0},{"_id":"673c6d0be1a04c2f99f1e88f","title":"How to Unblock Your SBI Debit Card Quickly","slug":"/blog/how-to-unblock-sbi-debit-card-a-step-by-step-guide","createdAt":"2024-03-21T00:00:00.000Z","modifiedAt":"2025-02-02T01:43:31.946Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/l0EifZFpwPsFb8ReXwEY5iml34.jpg","imageAltText":"blog-image","summary":"Facing a blocked SBI debit card? Follow our step-by-step guide to unblock your card within 24 hours using key details like your account number and CIF.","readTime":"15 Mins","author":"Team Pluto","category":"blog","mainContent":"

Guide to Unblock Your SBI Debit Card

In today's digital age, debit and credit cards are essential for everyday financial transactions. However, mistakes like repeatedly entering the wrong PIN or losing your card can lead to a blocked card. If you're facing this situation with your SBI debit card, don't worry! Follow this guide to unblock your SBI debit card.

Key Details Required

Before initiating the unblocking process, ensure you have these key details ready: your account number, the last four digits of your card, your _registered signature_ with the bank, a photo ID, and your SBI CIF number. These are vital for completing the unblocking procedure.

Step-by-Step Guide

Here's a step-by-step guide to unblocking your SBI debit card:

Visit the nearest SBI Bank branch and ask for a debit Unblock Application Form.
Thoroughly fill out the form, making sure details such as the account number, CIF number, and card's last four digits are correct.
Sign the form to validate your request.
Attach a passport-sized photo ID to the form. You may use a photo editor to adjust the size if necessary.
Submit the completed form and ID to a bank officer.
Your debit card will be unblocked typically within 24 hours.
An SMS confirmation will be sent to your phone upon completion of the process.

Additional Information

Remember, card blocking is often a protective measure against fraudulent activities and unauthorized use. SBI adopts these practices to secure your account and prevent potential financial threats.

Should you need further guidance, reach out to SBI's customer care helpline at 1800 425 3800.

In a world where digital transactions are vital, follow these straightforward steps to ensure your debit card remains accessible, allowing you to enjoy the convenience it offers in daily life.

","faqs":"

How long does it take to unblock an SBI debit card?

Typically within 24 hours after submitting your completed application and necessary documents.

What documents are required to unblock my SBI debit card?

You need your account number, card’s last four digits, registered signature, a photo ID, and your SBI CIF number.

Where can I submit the unblocking request for my SBI debit card?

Visit the nearest SBI branch and submit the filled-out unblock application form along with the required documents.

Will I receive a confirmation once the SBI debit card is unblocked?

Yes, an SMS confirmation will be sent to your registered mobile number upon successful unblocking.

Who should I contact for further assistance regarding the unblocking process?

You can reach SBI customer care at 1800 425 3800 if you need any help.

","glossaryKeywords":[],"framerCategory":"blog","followUp":["What security measures does SBI implement to protect accounts during a card unblocking process?","What steps can I take if the unblocking process takes longer than expected?","Are there any fees or charges associated with unblocking an SBI debit card?","Can I initiate the unblocking process online or through mobile banking?","How does unblocking my debit card impact my current account’s transaction limits?"],"meta":{"description":"Follow our step-by-step guide to quickly unblock your SBI debit card. Learn the required documents, approval process, and essential security tips to restore access."},"recentPosts":["673c6d0ee1a04c2f99f1eb71","673c6d0ee1a04c2f99f1eb6f","673c6d0ee1a04c2f99f1ebad"]},{"_id":"673c6d0ee1a04c2f99f1ebcf","title":"What to Know About Equitas Bank FD Rates for 2024?","slug":"/blog/fixed-deposit/equitas-bank-fixed-deposit-rate-2024","createdAt":"2024-04-16T00:00:00.000Z","modifiedAt":"2025-02-02T00:02:41.287Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/ZizHDUm3GdQX16gwFCGArb7FMD0.jpg","imageAltText":"fixed-deposit-image","summary":"The blog details Equitas Small Finance Bank’s offerings, emphasizing its popular fixed deposit schemes featuring flexible tenures, competitive interest rates, and secure benefits. It outlines key features, eligibility, documentation, and both online and offline account opening processes. The content also explains early withdrawal rules, making it a comprehensive guide for prospective investors.","readTime":"6 Mins","author":"Team Pluto","category":"fixed-deposit","mainContent":"

**Equitas Small Finance Bank**, established by Equitas in 2007 as a microfinance lender, addresses the financial needs of smaller segments. This Chennai-based bank received its Reserve Bank of India (RBI) license on September 5, 2016, and transitioned to a scheduled commercial bank by February 4, 2017. A subsidiary of Equitas Holdings Ltd, the bank is renowned for its savings and locker facilities, with its Fixed Deposit (FD) schemes being exceptionally popular among customers.

The growing recognition of Equitas Bank FD rates stems from their enticing features and competitive interest rates. These deposits offer reliable returns, making them an attractive option for investors focusing on financial security and growth.

Key Features and Benefits of Equitas Bank Fixed Deposits

Characteristics and Advantages of Equitas Fixed Deposit:

Secure Investment Option
Competitive Interest Rates
No Penalty for Early Withdrawal after Six Months
Minimum Deposit Requirement of ₹5000
Flexible Interest Payout Options
Terms ranging from 7 days to 10 years
Loan Facility against FD
Auto-renewal and Nomination Features Available

Equitas Small Finance Bank Fixed Deposit Rates for 2024

Tenure	Interest Rates (PA)	Interest Rate for Seniors (PA)
7 to 14 days	3.50%	4.00%
15 to 29 days	3.50%	4.00%
30 to 45 days	4.00%	4.50%
46 to 62 days	4.50%	5.00%
63 to 90 days	4.50%	5.00%
91 to 120 days	5.25%	5.75%
18 months 1 day to 2 years	7.75%	8.25%
2 years 1 day to 887 days	8.00%	8.50%
888 days	8.25%	8.75%
889 days to 3 years	8.00%	8.50%
3 years 1 day to 4 years	7.50%	8.00%
4 years 1 day to 5 years	7.25%	7.75%

Types of Equitas Bank FD Schemes

Regular Fixed Deposit (Interest Reinvestment Scheme)
This scheme allows for interest reinvestment into the principal, providing senior citizens with an additional 0.50% interest. Payouts can be monthly or quarterly; monthly payouts receive a discount based on quarterly compounding. A nomination facility is included, though sweep-in facilities are not available.
Selfe Fixed Deposit
This offers up to an 8.20% annual interest rate for a one-year tenure, with no linked savings account required. Deposit amounts range from ₹5,000 to ₹90,000. Seniors receive an additional 0.50% interest, and monthly payouts have similar discounts.

How to Open a Fixed Deposit Account with Equitas Bank

You can start an Equitas Small Finance Bank FD account online or offline:

Online Procedure:

Visit the official Equitas Small Finance Bank website. Navigate to 'Personal', 'Banking', 'Deposits', then 'Fixed Deposit'. Click 'Open FD', fill out and submit the form. A bank representative will contact you to complete the process.

Offline Method:

Visit the nearest bank branch, fill out an application, and provide the necessary documents with the deposit. Upon verification, your FD account will be activated.

Eligibility for Opening a Fixed Deposit Account at Equitas Bank

Eligible applicants for an FD account include:

Resident individuals
Partnership firms
Hindu Undivided Families (HUFs)
Sole proprietors
Trust accounts
Limited companies

Required Documents for Opening a Fixed Deposit Account

Documents required are:

Completed Application Form
PAN card
Identity Proof (Passport, PAN, Driver’s License, Aadhar)
Passport-sized Photographs
Address Proof (Aadhar, Electricity Bill, etc.)
Age Proof (Birth Certificate, etc.)

Early Withdrawal of Equitas Bank Fixed Deposit

Early withdrawal from FDs at Equitas Small Finance Bank is allowed, with interest adjusted to the effective booking date rate. Penalties apply for deposits over 7 days, and no interest is paid for terms under 7 days.

*[RBI]: Reserve Bank of India, *[NSE]: National Stock Exchange, *[BSE]: Bombay Stock Exchange, *[NRI]: Non-Resident Indian, *[LLP]: Limited Liability Partnership, *[FD]: Fixed Deposit, *[ATM]: Automated Teller Machine, *[MICR]: Magnetic Ink Character Recognition Code, *[SEBI]: Securities and Exchange Board of India, *[KYC]: Know Your Customer*

","faqs":"

How can I open an Equitas Bank Fixed Deposit account online?

You can open an FD account via the Equitas Small Finance Bank website by navigating to the Fixed Deposit section and completing the online application form.

What is the minimum deposit required to open an FD with Equitas Bank?

The minimum deposit required is ₹5000, making it an accessible investment option for many customers.

What are the available tenure options for Equitas Fixed Deposits?

Equitas FDs offer flexible terms ranging from as short as 7 days up to 10 years to suit various financial needs.

Can I avail a loan facility against my Equitas FD?

Yes, Equitas Bank provides a loan facility against FD deposits to help you access funds quickly when needed.

Are there any penalties for early withdrawal of an Equitas Fixed Deposit?

Early withdrawal is allowed with an applicable penalty, and interest is adjusted based on the effective booking date rate.

","glossaryKeywords":["equitas bank fixed deposit rate-2024"],"framerCategory":"fixed-deposit","followUp":["What security measures does Equitas Bank have in place for FD investments?","How does the interest payout option affect overall returns on Equitas FDs?","What troubleshooting steps should I follow if my online FD application fails?","Are there specific benefits available for senior citizens investing in Equitas FDs?","How can combining different FD schemes maximize returns in Equitas Bank?"],"meta":{"description":"Explore Equitas Small Finance Bank FD schemes with competitive rates, flexible tenures, and easy online/offline account opening for secure investments."},"keyTakeaways":["FD schemes offer secure investments with competitive rates.","Flexible tenures and various interest payout options are available.","Both online and offline methods simplify account opening.","Clear eligibility criteria and precise documentation requirements are provided."],"recentPosts":["673c6d0ee1a04c2f99f1ebcd","673c6d0ee1a04c2f99f1eaa5","673c6d0ee1a04c2f99f1ebd0","673c6d0ee1a04c2f99f1ebd3","673c6d0ee1a04c2f99f1e910"]},{"_id":"680224c2a0ea0779d6bce245","title":"Table test for all forms","slug":"/blog/banking/tabletest","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/xDd5979XIfBZad4erE0poZkbA.jpg","imageAltText":"testing image","summary":"Maharashtra Gramin Bank, established in 2008 and based in Aurangabad, emerged from merging regional banks to promote financial inclusion and rural development in Maharashtra. Supported by India's Ministry of Finance and led by Chairman Milind Gharad, it provides retail banking, agricultural loans, and SME financing via 413 branches, emphasizing the role of NPAs, ESG, and RBI in regulation.","readTime":"5 min","author":"Team Pluto","category":"banking","mainContent":"

Maharashtra Gramin Bank

, a noteworthy component of Regional Rural Banks (RRBs) was established on March 25, 2008, with a mission to promote financial inclusion in the rural districts of Maharashtra. Based in Aurangabad and affiliated with the Bank of Maharashtra, it significantly bolsters the rural economy of the state.

This bank was formed through the unification of Aurangabad Jalna Gramin Bank and Thane Gramin Bank, later merging with Marathawada Gramin Bank, in a strategic move to enhance banking service efficiency across Maharashtra's vast rural expanse.

Endorsed by the Government of India, Ministry of Finance, Maharashtra Gramin Bank exhibits a strong dedication to rural development. By March 31, 2021, it extended its network to regions like Latur, Beed, Nashik, and Thane, with 413 fully networked CBS branches.

\n\n

Maharashtra Gramin Bank - Regional Performance (FY 2023-24)

\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

Branch Location	Total Deposits (₹ Cr)	Total Advances (₹ Cr)	NPA %	ESG Rating
Aurangabad Region	1,245.67	982.35	3.2%	A-
Nashik Region	978.42	845.18	2.8%	B+
Latur Region	684.29	542.76	4.1%	B
Thane Region	1,356.81	1,124.62	2.5%	A
Beed Region	523.14	398.45	3.7%	B+
Total	4,788.33	3,893.36	3.3%	B+

\n\n

The bank provides an array of services such as retail banking, agricultural loans, and SME financing, playing a vital role in the socio-economic enhancement of rural societies. It strongly advocates for financial literacy and accessibility to empower local communities.

Led by Chairman Milind Gharad alongside key finance sector experts, the bank adheres to a strong governance structure to further financial inclusion.

Maharashtra Gramin Bank exemplifies committed rural banking services in India. It meets the specific needs of rural Maharashtra, supporting agricultural and financial growth, while fostering a financially inclusive atmosphere.

NPAs: Non-Performing Assets

ESG: Environmental, Social, and Governance

Note: Non-Performing Assets (NPAs), Environmental, Social, and Governance (ESG), and the Reserve Bank of India (RBI) are crucial to the banking sector's regulatory framework.

","faqs":"

What is the mission of Maharashtra Gramin Bank?

Its mission is to promote financial inclusion and support rural development in Maharashtra's districts.

How was Maharashtra Gramin Bank formed?

The bank was formed through the unification of regional banks like Aurangabad Jalna Gramin Bank, Thane Gramin Bank, and later Marathawada Gramin Bank.

What key services does Maharashtra Gramin Bank offer?

The bank provides retail banking, agricultural loans, and SME financing to bolster the rural economy.

How does Maharashtra Gramin Bank support rural communities?

By extending its network across Maharashtra and promoting financial literacy, the bank enriches the socio-economic growth of rural areas.

Who leads Maharashtra Gramin Bank?

The bank is led by Chairman Milind Gharad, alongside other experts in the finance sector.

","glossaryKeywords":[],"framerCategory":"","createdAt":"2025-04-18T10:09:06.109Z","modifiedAt":"2025-04-18T10:09:06.109Z","__v":0},{"_id":"673c6d0ee1a04c2f99f1ebda","title":"Is BOB Recurring Deposit the Right Choice for You?","slug":"/blog/recurring-deposit/bob-recurring-deposit-interest-rates","createdAt":"2024-04-30T00:00:00.000Z","modifiedAt":"2025-02-02T00:07:51.379Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/FxP6PqSL3BreyZwckRwat6Jw.jpg","imageAltText":"recurring-deposit-image","summary":"The blog details Bank of Baroda’s Recurring Deposit (RD) scheme, highlighting eligibility criteria, required documents, various RD types, and application procedures. It explains benefits such as competitive interest rates, tax exemptions, and flexible withdrawal terms. The information guides investors on choosing the best RD option based on their financial needs.","readTime":"8 Mins","author":"Team Pluto","category":"recurring-deposit","mainContent":"

The Bank of Baroda (BOB) Recurring Deposit (RD) scheme is an attractive investment choice for those looking to save a portion of their monthly income while enjoying future payouts. Founded by Maharaja Sayajirao Gaekwad III on July 20, 1908, and nationalized on July 19, 1969, the Bank of Baroda ranks as India's third-largest public sector bank. With enticing BOB RD interest rates and other benefits, opting for a BOB RD is a viable financial strategy.

Eligibility Criteria

Eligibility Requirements for Bank of Baroda Recurring Deposit Scheme:

Indian citizens or members of a Hindu Undivided Family (HUF) are eligible to hold an RD account.
NRIs can open a BOB RD account using NRO (Non-Resident Ordinary) or NRE (Non-Resident External) Accounts.
Minors may have RD accounts under guardian supervision.

Documents Required

Required Documents for Bank of Baroda RD Account Opening:

Identity Proof:

Passport
PAN card
Voter ID card
Driving License
Government ID card
Photo ration card
Senior citizen ID card

Address Proof:

Passport
Telephone bill
Electricity bill
Bank statement with cheque
Certificate/ID card from the post office

Types of BOB Recurring Deposit Schemes

Bank of Baroda Recurring Deposit Scheme Offerings:

Yatha Shakti Jama Yojna (Flexible recurring deposit scheme): Offers semi-annual interest payments. Minimum deposit starts at Rs. 100, increasing up to three times the monthly core installment, capped at Rs. 10,000. Tenure ranges from 12 to 120 months. Loan/overdraft available up to 95% of the RD amount. A 1% penalty applies for premature withdrawal.
Baroda Holiday Saving Recurring Deposits: Minimum monthly deposit is Rs. 100 with tenure starting from 12 months. Interest compounds quarterly, and a 1% penalty is incurred on early withdrawal.
Regular Income cum Recurring Deposit: Requires a minimum deposit of Rs. 1000. Tenure spans 12 to 120 months, offering half-yearly interest with quarterly compounding. No premature withdrawal penalty on amounts up to Rs. 5 lakhs if kept for a year.

BOB RD Premature Withdrawal Facility

BOB allows early withdrawal with a 1% deduction from applicable interest. However, partial withdrawal is prohibited. Nomination: RD account holders can appoint beneficiaries. Account Convenience: Managing and initiating RDs is seamless via BOB's online platform.

Tax Exemptions on BOB RD

BOB RDs fall under the Income Tax Act 1961, impacting annual income. A 10% TDS is applied if interest exceeds Rs. 40,000 yearly. To avoid TDS, submit Form 15G or 15H for non-taxable income. Conditions for Form 15G Submission: Applicable to individuals/HUFs who are Resident Indians below 60, having zero tax liability, and earning total interest below Rs. 2.5 lakh in FY 2023-24.

How to Open a Recurring Deposit Account in BOB?

Initiate an RD Account at BOB:

Choose online or offline methods.

Online Approach:

BOB Internet banking users can log in, select a new RD account, choose installment, tenure, and link an account.

Offline Procedure:

Apply via an application form available at a BOB branch or online. Meet eligibility, provide necessary documents, and submit the application. Opening a flexible RD account involves filling the Yatha Shakti Jama Yojana form. BOB RD interest rates boost Recurring Deposit appeal in India, featuring loan, quarterly/half-yearly options, and low deposit requirements. Carefully evaluate the terms before deciding.

How to Calculate the Maturity Amount on BOB Bank RD?

Determining BOB RD Interest:

Use the formula A = P(1+r/n)^(nt) where 'A' is the maturity amount, 'P' is the principal, 'r' is the annual interest rate, 'n' is compounding periods, and 't' is time. Leverage the Bank of Baroda RD Calculator for precise interest calculations.

","faqs":"

How can I open a Bank of Baroda Recurring Deposit account?

You can open an RD account online via BOB Internet Banking or offline by visiting a branch with the required documents.

What are the eligibility criteria for a BOB Recurring Deposit account?

Indian citizens, HUF members, NRIs using NRO/NRE accounts, and minors under guardian supervision are eligible.

What types of BOB Recurring Deposit schemes are available?

BOB offers schemes like Yatha Shakti Jama Yojna, Baroda Holiday Saving, and Regular Income cum Recurring Deposit to suit varying needs.

Is there a penalty for premature withdrawal on a BOB RD?

Yes, a penalty of 1% is applied on premature withdrawal, and partial withdrawals are not permitted.

How is the maturity amount of a BOB RD calculated?

The maturity amount is determined using the formula A = P(1+r/n)^(nt) or by using the Bank of Baroda RD Calculator for precision.

","glossaryKeywords":["bob recurring deposit interest rates"],"framerCategory":"recurring-deposit","followUp":["What advanced security measures does Bank of Baroda implement for online RD transactions?","How can customers troubleshoot common issues when opening or managing a BOB RD account online?","Are there any additional charges or fees associated with Bank of Baroda's recurring deposit schemes?","What are the latest updates on interest rate changes for various BOB RD offerings?","How do tax exemptions and TDS regulations impact the overall benefits of BOB Recurring Deposits?"],"meta":{"description":"Discover Bank of Baroda Recurring Deposit schemes for flexible savings, attractive interest rates, tax benefits, eligibility criteria, and easy account setup."},"keyTakeaways":["BOB RD offers flexible investment options with competitive interest rates.","Eligibility extends to Indian citizens, HUF, NRIs, and minors under supervision.","Multiple schemes cater to different financial needs including flexible, holiday saving, and regular income cum RD options.","Application can be completed both online and offline with clear documentation requirements."],"recentPosts":["673c6d0ee1a04c2f99f1eb1e","673c6d0ee1a04c2f99f1ebdc","673c6d0ee1a04c2f99f1ebd6","673c6d0be1a04c2f99f1e67e","673c6d0be1a04c2f99f1e8bd"]},{"_id":"673c6d0be1a04c2f99f1e88c","title":"How to Open a Bandhan Bank Savings Account in 2023?","slug":"/blog/bandhan-bank-saves-account","createdAt":"2024-03-21T00:00:00.000Z","modifiedAt":"2025-02-02T01:42:55.846Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/xEqVkIzKeafQjynQn1cOmhpx9E.jpg","imageAltText":"blog-image","summary":"Introduction:\n\nBandhan Bank is a leading private bank in India, known for supporting\nentrepreneurship in rural sectors, especially women. Starting as a\nmicrofinance entity, it now offers full-fledged banking services, including\nattractive savings account interest rates.","readTime":"15 Mins","author":"Team Pluto","category":"blog","mainContent":"

Introduction:

Bandhan Bank is a leading private bank in India, known for supporting entrepreneurship in rural sectors, especially women. Starting as a microfinance entity, it now offers full-fledged banking services, including attractive savings account interest rates. This article will guide you through the procedures to open a Bandhan Bank savings account, highlighting its features, benefits, and the current interest rates, aiding your decision-making.

Bandhan Bank Savings Account Interest Rates

The table below shows the interest rates applicable to Bandhan Bank savings accounts, based on daily balances:

Up to Rs 1 lakh: 3.00%
Above Rs 1 lakh to Rs 10 lakhs: 6.00%
Above Rs 10 lakhs to Rs 2 Cr: 6.25%
Above Rs 2 Cr to Rs 10 Cr: 6.25%
Above Rs 10 Cr to Rs 50 Cr: 6.50%

Types of Bandhan Bank Savings Accounts

Bandhan Bank offers various savings accounts, each with unique features:

Neo+ Digital Savings Account: Open online via video KYC, Visa Classic Debit Card, requires a monthly average balance (MAB) of Rs 5000. Eligible for Indian citizens above 18, first-time account holders.
Elite Savings Account: Unlimited cash transactions, free funds transfer, requires MAB of Rs. 5 Lakh. Suitable if maintaining an Fd of Rs. 25 Lakh, or TRV of Rs. 15 Lakh.
Premium Savings Account: MAB of Rs. 1 Lakh, free cash deposits up to Rs. 10 Lakh, and 25 ATM transactions at other banks.
Advantage Savings Account: MAB of Rs. 25,000, benefits include Platinum Debit Card.
Respect Programme (Senior Citizens): Various banking benefits including free cheques, Visa Platinum Debit Card for individuals aged above 60.
Standard Savings Account: MAB of Rs. 5000, includes unlimited branch cash withdrawals.
Special Savings Account: Tailored for differently-abled individuals with a MAB of Rs. 5000, including Bank@Home services.
Sanchay Savings Account: MAB of Rs. 2000, offering unlimited branch withdrawals.
Corporate Salary Accounts: No minimum balance, free debit card provision.
BSBDA Savings Account: Zero minimum balance, basic account maintenance.
BSBDA Small Savings Account: Zero minimum balance, free ATM-cum-Debit Card, designed for individuals without valid KYC documentation.

Features of Bandhan Bank Savings Accounts

Bandhan Bank's savings accounts cater to various groups with flexible minimum balance needs, including zero-balance accounts. Interest rates range from 3% to 4% annually, dependent on balances. Debit cards simplify ATM and online transactions. Also, account setup is swift and user-centric, supported by mobile and internet banking for added ease. SMS banking provides instant updates, while overdraft facilities are accessible under specific terms.

How to Open a Bandhan Bank Savings Account Online?

Opening select Bandhan Bank savings accounts online is possible through video KYC:

Visit Bandhan Bank’s website and click \"Apply Now.\"
Select and review the account type you prefer.
Fill in the application form accurately.
Upload necessary documents (ID proof, address proof, photos).
Verify information and complete video KYC for document validation.
Upon successful verification, activate the account by depositing the requisite balance.

Note: These steps can vary, so consult a bank representative for detailed guidance.

Documents Required to Open a Bandhan Bank Savings Account

For Individuals: Identity and address proofs like Aadhaar, passport, or voter ID, along with a passport-sized photo are needed.

For Joint Accounts: Identity and address proofs of both applicants, along with relationship proof are required.

Eligibility for Opening a Bandhan Bank Savings Account

Prospective account holders include eligible NRIs, HUFs, and Indian residents over 18. Minors can open accounts with a guardian. Corporates and businesses must meet criteria set by the Reserve Bank of India.

Benefits of Opening a Bandhan Bank Savings Account

Bandhan Bank’s range of accounts meets the unique needs of different groups like women, seniors, and salaried employees. This variety also supports access to loans such as personal and home loans. With 24/7 support and several discounts, the bank enhances user satisfaction, promoting financial inclusion through zero-balance account options for the financially disadvantaged.

Bandhan Bank Savings Account vs. Current Account – Differences

Compare savings and current accounts:

Purpose: Savings accounts aim at personal savings, while current accounts support frequent business transactions.
Interest Rate: Savings accounts earn interest, unlike current accounts.
Minimum Balance: Required balance is typically lower in savings accounts.
Overdraft: Common in current accounts.
Transaction Fees: Generally lower in savings accounts, higher in current accounts.

Select the account based on whether you require personal savings or handle regular business transactions.

Ways to Transfer Funds from Bandhan Bank Savings Account

Methods include:

NEFT/RTGS: Popular for transferring funds needing beneficiary details.
IMPS: Instant 24/7 transfers requiring a mobile number or account details.
UPI: Secure and seamless transfer method.
Debit Card: Online transfers via bank apps.
Cheque: Traditional banking method.

Transferring funds is convenient across these methods.

Steps to Transfer Funds from Bandhan Bank Savings Account

Log in to Bandhan Bank's net banking service.
Select \"Fund Transfer.\"
Choose your transfer method.
Enter beneficiary details.
Specify the transfer amount and confirm.
You will receive a confirmation alert post-transaction.

Bandhan Bank Customer Care

For support, contact:

Toll-free: 1800-258-8181
Phone: 033-4409-9090, 033-6633-3333, 033-4090-3333
Debit Card PIN queries: 033-6609-6709, 033-4090-2222
Email: customercare@bandhanbank.com

","faqs":"

How can I open a Bandhan Bank Savings Account online?

You can apply through Bandhan Bank’s website by filling out the application and completing the video KYC process for document verification.

What are the minimum balance requirements for Bandhan Bank Savings Accounts?

Requirements vary by account type, ranging from as low as Rs. 2000 for Sanchay Accounts to Rs. 5 Lakh for Elite Accounts.

Which documents are required to open a Bandhan Bank Savings Account?

You typically need a valid ID proof, address proof, and a passport-sized photo, with joint accounts requiring additional relationship proofs.

What types of savings accounts does Bandhan Bank offer?

Bandhan Bank offers various accounts, including Neo+ Digital, Elite, Premium, Advantage, Respect Programme, and more, each designed for specific customer needs.

How can funds be transferred from a Bandhan Bank Savings Account?

You can transfer funds via NEFT/RTGS, IMPS, UPI, debit card transfers, or traditional cheques, ensuring convenient banking.

","glossaryKeywords":[],"framerCategory":"blog","followUp":["What security measures does Bandhan Bank implement to safeguard online transaction data?","How can I troubleshoot issues encountered during the online account opening process?","Are there any hidden fees or service charges associated with maintaining a Bandhan Bank Savings Account?","What additional features and benefits can I access through Bandhan Bank’s mobile and internet banking platforms?","How does Bandhan Bank support financial inclusion and cater to under-served communities through its savings account offerings?"],"meta":{"description":"Explore Bandhan Bank Savings Accounts with attractive interest rates, diverse account types, and online opening via video KYC—tailored solutions."},"recentPosts":["673c6d0be1a04c2f99f1e832","673c6d0be1a04c2f99f1e855","673c6d0ee1a04c2f99f1eab9","673c6d0ee1a04c2f99f1eabb","673c6d0be1a04c2f99f1e7e7"]},{"_id":"673c6d0ee1a04c2f99f1ebcb","title":"Explore 2024 IDFC Bank FD Rates and Features Today!","slug":"/blog/fixed-deposit/idfc-bank-fixed-deposit-rates-2024","createdAt":"2024-04-16T00:00:00.000Z","modifiedAt":"2025-02-02T00:00:33.636Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/LeWuHpwAnawtB3CUyP3ymrHP0w.jpg","imageAltText":"fixed-deposit-image","summary":"The blog details IDFC First Bank’s fixed deposit schemes, including interest rates and features for various tenures. It discusses different FD types – Regular, Flexi, NRO, and FCNR – along with eligibility, required documents, and methods to open an account. Customers benefit from competitive rates, auto-renewal, and flexible withdrawal options.","readTime":"7 Mins","author":"Team Pluto","category":"fixed-deposit","mainContent":"

IDFC First Bank

is headquartered in Mumbai, India. It received a Universal Banking License from RBI in 2015, becoming well-known for its corporate and commercial banking services. A popular offering is its fixed deposit scheme, noted for competitive IDFC Bank FD rates and features that prioritize customers. Here, we explore the current interest rates and the main features of this saving option.

Key Features and Benefits of IDFC Bank Fixed Deposits

Characteristics and Benefits of IDFC First FD:

Minimum deposit: Rs. 10,000 with no upper limit.
Tenure: 7 days to 10 years.
Deposits insured under RBI's Deposit Insurance Scheme, securing up to ₹ 5 lakh per depositor via DICGC.
Loan against FD available for emergency withdrawals without premature termination of the deposit.
Auto-renewal facility is at your disposal.
Nomination option included.

IDFC Bank Fixed Deposit-2024 Rates

Tenure	Interest Rates (PA)	Interest Rate for Seniors (PA)
7 days - 1 month 15 days	3%	3.5%
1 month 16 days - 5 months 27 days	4.5%	5%
5 months 28 days - 11 months 30 days	5.75%	6.25%
1 year - 1 year	6.5%	7%
1 year 1 day - 1 year 4 months 12 days	7.5%	8%
1 year 4 months 13 days	8%	8.5%
1 year 4 months 14 days - 1 year 6 months	7.5%	8%
1 year 6 months 1 day - 2 years	7.75%	8.25%
2 years 1 day - 3 years	7.25%	7.75%
3 years 1 day - 9 years 11 months 29 days	7%	7.5%

Types of IDFC Bank FD Schemes

Regular Fixed Deposit (Reinvestment of Interest Component)

Minimum deposit set at Rs 10,000.
Simple interest is calculated for up to 180 days.
Compound interest is applied quarterly for durations beyond 180 days.
Higher returns available through reinvested interest.
Senior citizens enjoy an additional 50bps interest rate.

Flexi Fixed Deposits

Sweep-out facility for seniors, minors, and non-individuals.
FD account is linked to a savings or current account.
Excess funds get automatically moved to the FD account.
NRE Fixed Deposit accessible.
Tenure spans 1 year to 10 years with interest scaling every 90 days.
Full fund repatriation permitted.

NRO Fixed Deposit

Tenure ranges from 7 days to 10 years.
Interest reinvests every 90 days.
Up to USD 1 million can be repatriated annually, after tax.

FCNR Fixed Deposit

Tenure: 1 year to 5 years.
Offered in assorted currencies like USD, GBP, EUR, AUD, SGD.
Interest compounds each 180 days.
No cost on transferring both principal and interest.

How to Open a Fixed Deposit Account with IDFC Bank

One can open an IDFC First Bank FD account via the Mobile App, Internet Banking, or through offline methods.

Internet Banking:

Mobile App - IDFC Bank App:

Download the app, log in, select ‘Fixed Deposit’, and complete the submission form.

Offline Opening:

Visit a branch, fill the application, submit required documents, and deposit the amount for processing.

Qualifications for Opening a Fixed Deposit Account at IDFC Bank

Eligible applicants include:

Individuals.
Hindu Undivided Family (HUF).
Sole proprietorships, joint ventures.
Private/public limited companies.
Trusts, societies, associations.
Partnership firms, LLP, governmental bodies.

Necessary Documents to Open a Fixed Deposit Account at IDFC Bank

Required documents include:

Identity proof (PAN, Voter ID, etc.).
Address proof (Passport, Aadhar, etc.).
Date of birth proof (Birth Certificate, etc.).

Early Withdrawal of IDFC Bank Fixed Deposit

IDFC Bank allows early withdrawals, excluding tax-saving accounts, with applicable penalties.

","faqs":"

How can I open an IDFC Bank FD account via the mobile app?

You can open an FD account by downloading the IDFC Bank app, logging in, selecting 'Fixed Deposit', and submitting the required information.

What is the minimum deposit required for an IDFC Bank Fixed Deposit?

The minimum deposit required for an FD is Rs. 10,000 without any upper limit.

What types of FD schemes does IDFC Bank offer?

IDFC Bank offers Regular FD, Flexi FD, NRO FD, and FCNR FD schemes, each designed for different needs and tenures.

Can I avail a loan against my FD without breaking the deposit early?

Yes, IDFC Bank provides a loan against your FD, allowing emergency fund access without terminating the deposit.

Which documents are necessary to open an FD account at IDFC Bank?

You need valid identity, address, and date of birth proofs, along with any additional documents as specified by the bank.

","glossaryKeywords":["idfc bank fixed deposit rates-2024"],"framerCategory":"fixed-deposit","followUp":["What security measures are in place to safeguard FD accounts at IDFC Bank?","How do I update or modify my FD account details once the account is opened?","What are the detailed procedures and penalties for early withdrawal of an FD?","Can I transfer or re-invest my FD funds to a different scheme without closure?","Are there any charges or hidden costs associated with renewing FD accounts at IDFC Bank?"],"meta":{"description":"Explore IDFC First Bank FD schemes with competitive rates, flexible tenures, easy application methods, and benefits like loan against FD and auto-renewal."},"keyTakeaways":["Competitive FD rates for various tenures.","Multiple FD schemes tailored to different needs.","Easy account opening via online and offline channels.","Early withdrawal available with penalties."],"recentPosts":["673c6d0ee1a04c2f99f1ead6","673c6d0ee1a04c2f99f1ebcd","673c6d0ee1a04c2f99f1ebc9","673c6d0ee1a04c2f99f1ebd0","673c6d0ee1a04c2f99f1ebd3"]},{"_id":"673c6d0ee1a04c2f99f1ebd1","title":"Canara Bank Fixed Deposit: Key Features and Rates 2024","slug":"/blog/fixed-deposit/canara-bank-fixed-deposit-rates-2024","createdAt":"2024-04-16T00:00:00.000Z","modifiedAt":"2025-02-02T00:03:56.518Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/ZizHDUm3GdQX16gwFCGArb7FMD0.jpg","imageAltText":"fixed-deposit-image","summary":"Canara Bank, founded in Mangalore in 1906 and headquartered in Bengaluru, offers diverse fixed deposit schemes featuring competitive interest rates, flexible tenures, and additional benefits for senior citizens. The blog covers eligibility, required documentation, and multiple ways to open accounts online or offline. It also explains the conditions for premature FD withdrawal.","readTime":"7 Mins","author":"Team Pluto","category":"fixed-deposit","mainContent":"

Canara Bank

Founded in Mangalore in 1906, is a leading nationalized bank in India, now headquartered in Bengaluru, Karnataka. It offers a variety of fixed deposit options for clients eager to invest savings securely over a fixed term, keeping the principal untouched until maturity. Typically, Canara Bank fixed deposits yield higher returns than standard savings accounts.

Key Features and Benefits of Canara Bank Fixed Deposits

FD Tenure: Varies from 7 days to 10 years.
Senior Citizen Advantage: An extra interest of 0.50% per annum over standard rates.
Minimum Deposit: Rs. 1000 is required to open an FD account.
Nomination Facility: Available for all FD accounts.
Loan/Overdraft Facility: Loans up to 90% of the deposit amount are available.
Interest Payout: Interest is disbursed upon maturity.
FD Schemes: Options include Canara Khazana and Canara Shikhar Deposit with competitive rates.
Eligibility: Individuals, HUFs, companies, trusts, and partnerships can open FDs.

The features make Canara Bank attractive for enhancing savings through fixed deposits.

Canara Bank FD Interest Rates 2024

Tenure	Interest Rates (PA)	Senior Rate (PA)
7 days - 1 month 15 days	4%	4%
1 month 16 days - 2 months 29 days	5.25%	5.25%
3 months - 5 months 26 days	5.5%	5.5%
5 months 27 days - 8 months 25 days	6.15%	6.65%
8 months 26 days - 11 months 30 days	6.25%	6.75%
1 year - 1 year 2 months 17 days	6.85%	7.35%
1 year 2 months 18 days - 1 year 2 months 18 days	7.25%	7.75%
1 year 2 months 19 days - 2 years 11 months 30 days	6.85%	7.35%
3 years - 4 years 11 months 30 days	6.8%	7.3%
5 years - 9 years 11 months 29 days	6.7%	7.2%

Categories of Canara Bank FD Schemes

Fixed Deposit Scheme:

Joint Accounts: Permitted.
Automatic Renewal: Enabled.
Maturity Period: Ranges from 7 days to 10 years.
Interest Rates: 4.00% to 6.70% for the public, and 4.00% to 7.20% for seniors.
Loan Options: Access up to 90% of FD amount.
Partial Withdrawals: Available in multiples of Rs.1,000.
Overdue Deposits: Attract savings account interests.
Taxation: Subject to TDS.

Kamadhenu Deposit (Re-investment Plan):

Minimum Deposit: Rs.1,000.
Duration: 5 months to 10 years.
Interest Rates: Annual rate ranges from 4.00% to 5.50%, compounded quarterly.
Interest Payment: At maturity.
Partial Withdrawals: Permissible in multiples of Rs.1,000.
Senior Benefits: Additional 0.50% on base rates.
Loan Options: Up to 90% of the deposit value.

Canara Tax Saver Scheme:

Tenure: 5 years.
Interest Rate: 5.50% per annum for general populace.
Interest Payout: Monthly or Quarterly.
Minimum Investment: Rs.100.
Loan Availability: Not applicable for this FD.
Withdrawals: No premature closure.
Nomination: Available, except for minors.
Tax Benefits: Under Section 80C, up to Rs.1.50 lakh.

Ashraya Deposit Scheme for Senior Citizens:

Eligibility: Individuals aged 60 and above.
Loan Options: Up to 90% of the FD value.
Interest Advantages: 0.50% elevated rate on all domestic FDs.
Interest Payment: Varies on deposit type.
Taxation: Income attracts TDS.

These tailored schemes cater to different monetary needs, from tax incentives to enhanced returns for senior depositors.

Opening a Fixed Deposit Account with Canara Bank

An FD account can be initiated via internet banking, mobile app, or by visiting a branch.

Internet Banking:

Step 1: Access NetBanking.
Step 2: Go to Term Deposit, select ‘New Account’.
Step 3: Input necessary details, including nominee info and maturity options.
Step 4: Click on ‘Open Deposit’, confirm, and authenticate transaction.

Mobile App - Canara Bank App:

Step 1: Install and log in.
Step 2: Choose ‘New Account’, and select deposit category.
Step 3: Fill in the required information.
Step 4: Verify details and authenticate.

Offline at a Branch:

Step 1: Visit the nearest branch.
Step 2: Complete application, submit necessary paperwork, and deposit.
Step 3: Collect FD receipt post-processing.

These methods ensure convenience and accessibility for opening a Canara Bank FD.

Eligibility for Canara Bank FDs

The following are eligible to open FDs at Canara Bank:

Resident individuals and NRIs.
Minors overseen by guardians.
Members of HUFs.
Companies, organizations, and trusts.

Documents Required for FD Account Setup

Essential documents include:

Address Proof:

Bank statement with a cheque.
Electricity bill.
Telephone bill.
Passport.
ID issued by the Post Office.

Identity Proof:

Driving license.
PAN card.
Voter ID.
Passport.
Photo ration card.

These documents establish identity and residence for opening an FD with Canara Bank.

Premature Withdrawal of Canara Bank Fixed Deposit

Canara Bank allows early termination of FDs, excluding tax-saving options, subject to a 1% penalty, in accordance with Canara Bank's conditions.

","faqs":"

How can I calculate my FD returns at Canara Bank?

Use Canara Bank's FD calculator or speak to a bank representative for precise returns based on deposit tenure and rate.

What are the available FD schemes at Canara Bank?

Available schemes include Fixed Deposit, Kamadhenu Deposit, Canara Tax Saver Scheme, and Ashraya Deposit Scheme for seniors.

How do I open an FD account with Canara Bank?

You can open an FD account via internet banking, the mobile app, or by visiting a branch for a seamless experience.

What documents are required to open a Canara Bank FD?

You will need address and identity proofs such as utility bills, PAN card, passport, or voter ID to open an FD.

Is there a penalty for premature FD withdrawal?

Yes, premature withdrawal incurs a 1% penalty on the deposit amount as per Canara Bank's terms.

","glossaryKeywords":["canara bank fixed deposit rates-2024"],"framerCategory":"fixed-deposit","followUp":["What security measures does Canara Bank implement to safeguard FD transactions?","How can I troubleshoot issues encountered during the online FD application process?","Are there any additional fees or charges associated with maintaining a fixed deposit?","How do interest rate changes affect the returns on my fixed deposit over time?","What other investment options does Canara Bank offer besides fixed deposits?"],"meta":{"description":"Discover Canara Bank's versatile fixed deposit solutions offering competitive rates, flexible tenures, senior benefits, and hassle-free account opening online or at branches."},"keyTakeaways":["Offers FD options from 7 days to 10 years with competitive rates.","Provides additional benefits for senior citizens and accessible loans.","Multiple account opening channels: Internet, mobile app, and branch.","Includes specialized schemes like tax saver and re-investment plans."],"recentPosts":["673c6d0ee1a04c2f99f1eb4c","673c6d0ee1a04c2f99f1ea82","673c6d0ee1a04c2f99f1ebd9","673c6d0be1a04c2f99f1e817","673c6d0be1a04c2f99f1e8db"]},{"_id":"673c6d0ee1a04c2f99f1ebd9","title":"Exploring Canara Bank RD Interest Rates for 2024","slug":"/blog/recurring-deposit/canara-bank-rd-interest-rates-2024","createdAt":"2024-04-30T00:00:00.000Z","modifiedAt":"2025-02-02T00:07:33.315Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/sjfubrZwBJQ7HO8tbSfDm2NVooA.jpg","imageAltText":"recurring-deposit-image","summary":"Canara Bank, one of India’s oldest public sector banks, offers versatile Recurring Deposit (RD) schemes with competitive interest rates for 2024. The blog details eligibility criteria, required documentation, types of RD schemes, withdrawal rules, tax implications, and methods to open an RD account. It also demonstrates how to calculate maturity amounts for these deposits.","readTime":"8 Mins","author":"Team Pluto","category":"recurring-deposit","mainContent":"

Canara Bank

established in 1906 and nationalized in 1969, is one of India's leading public sector banks managed by the Indian Government. Noted for its extensive financial services, the Canara Bank Recurring Deposit (RD) scheme is popular for facilitating savings through regular monthly deposits.

Headquartered in Bengaluru, Canara Bank is among India's oldest government-owned banks. Its heritage is reflected in competitive Canara Bank RD interest rates for 2024, mirroring top banks, with a low deposit requirement starting at Rs. 50.

Eligibility Criteria for Canara Bank RD

Who Can Open a Canara Bank Recurring Deposit?

Eligible parties encompass individual or joint account holders, guardians for minors, Hindu Undivided Families (HUFs), corporations, associations, trusts, and institutions. NRIs can open RD accounts via NRE or NRO accounts. Minors are eligible under adult supervision.

Documents Required for Canara Bank RD

Essential Documents for Starting a Canara Bank RD

Completed application form from the bank
PAN card copy or Form 60/61
Two passport-size photographs
Valid identity proof
Valid address proof
Additional documents based on personal profile

Types of Canara Bank Recurring Deposit Schemes

Regular Recurring Deposit: Facilitates minimum monthly deposits starting at Rs. 50 for terms from six months, extendable in three-month increments up to 120 months.
Canara Bank Dhanvarsha Recurring Deposit Scheme – Flexi RD Scheme: Allows depositors to surpass monthly limits, earning additional interest on surplus. Tenures range from 1 to 10 years, with monthly deposits from Rs. 10,000 to Rs. 1 lakh, suitable for both residents and NRIs. No senior-specific rates, but includes nomination and loan options.
Nitya Nidhi Deposit Scheme: Initiated post-Syndicate Bank merger on April 1, 2020, targeting small daily savers. Requires a Rs. 50 monthly minimum for 63 months, offering 2.50% annual interest.

Canara Bank RD Premature Withdrawal Facility

Premature withdrawals post-February 4, 2011, incur a 1% penalty.
Interest is paid after the 1% penalty deduction from the starting rate.
No early closure penalty under the Flexi RD Scheme.
The lower rate between the opening rate for the actual duration or the contracted rate applies.

Tax Implications on Canara Bank RD

Tax Deducted at Source (TDS) is applicable.

Steps to Open a Recurring Deposit Account in Canara Bank

Opening an RD Account Online

Net Banking simplifies RD account opening. Activate by visiting a branch if it's not available. Log in, select 'E-Recurring Deposit', provide required info, verify documents (important for seniors), and set auto-debit from your savings account for RD payments.

Opening an RD Account Offline

Visit a Canara Bank branch with your savings account details; request an RD form.
Fill in the deposit amount, tenure, and nominee details.
Select standing instructions for automated payments.
Submit necessary documents for verification.
Make an initial deposit via cash, cheque, or online transfer.
Account activates post-document verification.

How to Calculate the Maturity Amount on Canara Bank RD?

The maturity amount comprises total deposits and interest at RD expiration. Use an RD calculator or manually compute with: A = P*(1+R/N)^(Nt); 'R' is rate, 'P' is principal, 'N' is tenure, and 't' denotes the term.

","faqs":"

What is the Canara Bank Recurring Deposit scheme?

It is a savings plan allowing regular monthly deposits with competitive interest rates and flexible tenures.

Who is eligible to open a Canara Bank RD account?

Individuals, joint account holders, guardians for minors, HUFs, corporations, associations, trusts, and NRIs can open an RD account.

What documents are required to start a Canara Bank RD?

You need a completed application form, PAN/card copy or Form 60/61, passport-size photos, valid identity and address proofs, and any additional profile-based documents.

How can I open a Canara Bank RD account online?

You can open an account through Net Banking by selecting the 'E-Recurring Deposit' option, verifying documents, and setting up auto-debit from your savings account.

What are the penalties associated with premature withdrawal on a Canara Bank RD?

Premature withdrawals incur a 1% penalty on the interest rate, except under the Flexi RD scheme where no penalty is applied.

","glossaryKeywords":["canara bank rd interest rates-2024"],"framerCategory":"recurring-deposit","followUp":["How does Canara Bank ensure the security of online recurring deposit transactions?","What troubleshooting steps are available if my online application for an RD account fails?","Are there any hidden fees or additional charges associated with recurring deposit schemes?","What loan options are available against a Canara Bank RD account?","How can I use an RD calculator to accurately predict the maturity amount for my deposits?"],"meta":{"description":"Explore Canara Bank Recurring Deposits with detailed insights on eligibility, application steps, documents required, and maturity amount calculation."},"keyTakeaways":["Offers diverse RD schemes with low minimum deposits.","Eligibility includes individuals, joint accounts, NRIs, and minors.","Outlines required documentation and withdrawal penalty details.","Explains both online and offline account opening processes and maturity calculations."],"recentPosts":["673c6d0ee1a04c2f99f1ea80","673c6d0ee1a04c2f99f1eae1","673c6d0ee1a04c2f99f1ead5","673c6d0ee1a04c2f99f1ebd3","673c6d0ee1a04c2f99f1ea11"]},{"_id":"673c6d0ee1a04c2f99f1ebd5","title":"Is UCO Bank's Sowbhagya RD Scheme Right for You?","slug":"/blog/recurring-deposit/uco-bank-recurring-deposit-(rd)-interest-rates-2024","createdAt":"2024-04-30T00:00:00.000Z","modifiedAt":"2025-02-02T00:06:07.122Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/FxP6PqSL3BreyZwckRwat6Jw.jpg","imageAltText":"recurring-deposit-image","summary":"UCO Bank's Sowbhagya RD Scheme offers competitive interest rates, additional benefits for senior citizens, and flexible tenure options for building a savings reserve. The blog explains eligibility, required documents, scheme types, premature withdrawal penalties, tax implications, and step-by-step account opening procedures. It also outlines how to calculate the maturity amount of the deposit.","readTime":"6 Mins","author":"Team Pluto","category":"recurring-deposit","mainContent":"

UCO Bank's Sowbhagya RD Scheme offers a competitive interest rate of 5.55%. Additionally, senior citizens enjoy an extra 0.50% interest. Many individuals favor Recurring Deposits (RDs) for their flexibility and minimal initial deposit requirement. By allocating a portion of your monthly earnings into UCO Bank's RD, you can build a reserve for unexpected expenses.

Eligibility Criteria for UCO Bank Recurring Deposit

The eligible groups for UCO Bank's RD consist of:

Resident Indians
Joint account holders, allowing multiple people to manage a single account equally.
Minors above 10 years, with accounts overseen by legal guardians.
Registered institutions and joint companies.
In joint accounts, each individual is a beneficiary for the other; in the event of one's death, the other person becomes the nominee.

Documents Required to Open a Recurring Deposit in UCO Bank

To set up an RD account, the following documents are necessary:

A bank-prescribed application form.
Copies of PAN card.
Two passport-sized photographs of the applicant.
Valid identity proof.
Valid address proof.

Types of UCO Bank Recurring Deposit Schemes

UCO Bank classifies its deposit schemes by tenure:

Short-term Deposits: Ranging from 6 months to 3 years, designed to encourage savings habits.
Medium-term Deposits: Extending 3 to 7 years, combining flexibility and commitment.
Long-term Deposits: Ideal for generating long-term returns with regular contributions, similar to fixed deposits.

Premature Withdrawal and Penalties on UCO Bank Recurring Deposits

A 2% penalty is applicable for premature withdrawals, calculated based on the lower of the interest rates at redemption or the applicable rate for the deposit duration.

Tax Implications on UCO Bank Recurring Deposits

If your annual interest from UCO Bank RDs surpasses Rs. 10,000, a 10.3% TDS is applied, increasing to 20.6% without PAN updates. Ensure the RD interest is included in your taxable income, with advance tax due on key dates: 15th Sep, 15th Dec, 15th March, and 31st March. UCO Bank supplies Form 16A detailing tax deductions.

Steps to Open a Recurring Deposit Account in UCO Bank

Opening an RD account is a simple procedure:

Online: Existing UCO Bank customers can employ the net banking portal, while new customers need to first establish a savings account.
Offline: Visit a branch to submit completed account forms with requisite documents, fulfill the KYC requirements, and await notification post-verification.

Calculating Maturity Amount for UCO Bank RD

UCO Bank offers maturity amount calculations based on monthly deposits and tenure, applying the formula: A = P*(1+R/N)^(Nt), where A is the maturity amount, P denotes the monthly deposit, R is the interest rate, N signifies the compounding frequency, and t represents the tenure. For example, Priya's Rs. 10,000/month RD for 5 years at a 6.5% rate totals Rs. 7,09,902 at maturity.

","faqs":"

How can I open a UCO Bank Recurring Deposit account?

You can open an RD account online via net banking or by visiting your nearest branch with the required documents.

What documents are needed to open an RD account at UCO Bank?

You need a bank-prescribed application form, PAN card copies, two passport-sized photographs, and valid identity and address proofs.

Who is eligible for UCO Bank's Recurring Deposit Scheme?

Eligibility includes Resident Indians, joint account holders, minors above 10 years (with guardians), and registered institutions or companies.

What is the penalty for premature withdrawal in a UCO Bank RD?

A 2% penalty is charged on premature withdrawals, calculated based on the lower applicable interest rate.

How is the maturity amount of a UCO Bank RD calculated?

The maturity amount is determined using a compound interest formula based on monthly deposits and the deposit tenure.

","glossaryKeywords":["uco bank recurring deposit (rd) interest rates 2024"],"framerCategory":"recurring-deposit","followUp":["What security measures protect RD transactions and personal information at UCO Bank?","How can I update my contact details to ensure uninterrupted RD services?","Are there options to modify the tenure or deposit amount after opening an RD account?","What additional benefits are available for senior citizens under the Sowbhagya RD Scheme?","How do tax deductions and TDS affect the overall returns from your RD investments?"],"meta":{"description":"Build your financial reserve with UCO Bank's Sowbhagya RD Scheme offering competitive rates, flexible tenures, and simple account opening steps."},"keyTakeaways":["Competitive interest with extra benefit for senior citizens.","Eligibility extends to resident Indians, joint accounts, minors, and institutions.","Detailed explanation of document requirements and account opening processes.","Highlights different tenure options, early withdrawal penalties, and tax deductions."],"recentPosts":["673c6d0ee1a04c2f99f1ea11","673c6d0ee1a04c2f99f1e97f","673c6d0ee1a04c2f99f1eb17","673c6d0ee1a04c2f99f1eae1","673c6d0ee1a04c2f99f1eb53"]}],"count":60,"newname":"All"},{"name":"blog","count":10,"articles":[{"_id":"673c6d0be1a04c2f99f1e896","title":"Why Possession Letters Aren't Enough in Real Estate","slug":"/blog/possession-letter-sample-format","createdAt":"2024-03-21T00:00:00.000Z","modifiedAt":"2025-02-02T01:44:28.387Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/LFf8PVnkHID7VXpR4UyJxvhoPo.jpg","imageAltText":"blog-image","summary":"The significance of possession letters in real estate transactions cannot\nbe understated. This legal document , provided by the developer, indicates\nthe transfer of property to the buyer, establishing initial property rights.","readTime":"3 Minutes","author":"Team Pluto","category":"blog","mainContent":"

Understanding the Occupancy Certificate (OC)

In conclusion, securing both a possession letter and a valid occupancy certificate is crucial for a seamless and legally recognized property ownership transfer.

","faqs":"

What is a possession letter in real estate?

A possession letter is a preliminary legal document provided by the developer indicating property handover but not full ownership.

What is the function of the occupancy certificate (OC)?

The OC confirms that a property meets legal and construction standards, making it safe for habitation and full ownership.

Why is conditional acceptance during handover important?

It allows buyers to document any quality concerns, ensuring legal recourse if issues arise after taking possession.

How is an occupancy certificate obtained?

The developer must meet approved construction standards and pass a final inspection by local authorities to secure an OC.

What should buyers do if a property lacks a valid OC?

Buyers should refuse possession and consider legal actions or consult consumer forums to address the issue.

","glossaryKeywords":[],"framerCategory":"blog","followUp":["What additional documents should buyers review during property transactions?","How can buyers verify the authenticity of possession letters and occupancy certificates?","What legal options are available if construction or quality issues are discovered after possession?","How do municipal services and property taxation relate to having a valid OC?","What role can consumer forums or RTI applications play in resolving real estate disputes?"],"meta":{"description":"Explore the significance of possession letters and occupancy certificates in real estate transactions. Learn their legal roles and steps for secure property ownership."},"recentPosts":["673c6d0be1a04c2f99f1e896","673c6d0ee1a04c2f99f1eb1f","673c6d0be1a04c2f99f1e641","673c6d0ee1a04c2f99f1ec2c","673c6d0ee1a04c2f99f1e9d8"]},{"_id":"673c6d0be1a04c2f99f1e895","title":"How to Check Punjab & Sind Bank Account Balance Easily?","slug":"/blog/punjab-sind-bank-balance-check-a-convenient-option-for-customers","createdAt":"2024-03-21T00:00:00.000Z","modifiedAt":"2025-02-02T01:44:22.515Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/DedeZwWP4kQn9AFBpCMTDyoCOA.jpg","imageAltText":"blog-image","summary":"Punjab and Sind Bank (PSB) is a key player in India's banking industry,\noffering a broad range of banking services nationwide. PSB provides a\nconvenient network of branches and access via netbanking and mobile\nbanking , enabling customers to effortlessly manage account details.","readTime":"15 Mins","author":"Team Pluto","category":"blog","mainContent":"

Punjab and Sind Bank (PSB)

Additionally, customers can use their PSB passbook to keep track of transactions and current balances, updated by visiting any nearby branch.

Customer Experience: Feedback from Punjab & Sind Bank Clients

Pooja Gahlot, a contented PSB customer, states that she primarily uses the UPI app for balance inquiries, occasionally turning to SMS banking.

In conclusion, Punjab & Sind Bank offers varied, reliable methods for checking account balances, addressing diverse customer needs.

","faqs":"

How can I check my Punjab & Sind Bank account balance using SMS banking?

You can check your account balance by sending a missed call or SMS from your registered mobile to the designated toll-free number.

Is it possible to check Punjab & Sind Bank account balance online?

Yes, you can view your balance online through PSB's netbanking portal or mobile banking apps like mPay.

What is the process for a balance enquiry at Punjab & Sind Bank ATMs?

Insert your ATM card, choose the 'Balance Enquiry' option, and your account balance will be immediately displayed on the screen.

Are there any charges associated with checking the account balance at Punjab & Sind Bank ATMs?

No, checking your account balance at PSB ATMs is completely free of charge.

Can I update my passbook to check the latest account transactions?

Yes, you can visit your nearest branch to update your passbook and review your balance and recent transactions.

","glossaryKeywords":[],"framerCategory":"blog","followUp":["What security measures are in place for PSB's online and mobile banking services?","How can I troubleshoot issues when using SMS or netbanking for balance enquiries?","Are there any additional charges for using mobile apps or online services at PSB?","How quickly are transactions and balance updates reflected on PSB's digital platforms?","What other banking features can I access through PSB's mPay app aside from balance enquiries?"],"meta":{"description":"Easily check your Punjab & Sind Bank account balance via SMS, netbanking, mobile apps, ATMs, and passbook updates for seamless financial management."},"recentPosts":["673c6d0ee1a04c2f99f1e92f","673c6d0be1a04c2f99f1e895","673c6d0ee1a04c2f99f1e927","673c6d0be1a04c2f99f1e7a1","673c6d0be1a04c2f99f1e8c7"]},{"_id":"673c6d0be1a04c2f99f1e893","title":"Karur Vysya Bank: Updated Operating Hours & Services","slug":"/blog/kvb-bank-timings-post-covid-19-lockdown-karur-vysya-bank-restores-normal-working-hours","createdAt":"2024-03-21T00:00:00.000Z","modifiedAt":"2025-02-02T01:44:02.320Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/ulyInNN8nMq7ARlfIYZJl05auFY.jpg","imageAltText":"blog-image","summary":"In India, Karur Vysya Bank (KVB) has reinstated regular operating hours\nfor its branches post-COVID-19 lockdown, available from Monday to Saturday,\nexcluding 2nd and 4th Saturdays, Sundays, and public holidays. Customers can\nvisit from 10:00 AM to 7:00 PM.","readTime":"15 Mins","author":"Team Pluto","category":"blog","mainContent":"

NEFT and RTGS Timings: Promoting Online Banking

Since December 2020, KVB has delivered 24/7 Real-time Gross Settlement (RTGS) services for swift fund transfers.

Working Hours and Lunch Breaks

Locker Operations and More Information

","faqs":"

How can I find the operating hours of Karur Vysya Bank branches?

You can check the official website or visit your local branch to confirm the updated timings and special schedules like closed 2nd and 4th Saturdays.

What are the NEFT and RTGS transaction timings provided by KVB?

NEFT batch processing runs in 48 half-hourly intervals while RTGS is available 24/7 for real-time fund transfers.

How has KVB enhanced customer safety post-COVID?

KVB has implemented contactless services, enforced social distancing, and upgraded sanitation protocols across all branches.

What digital banking options does Karur Vysya Bank offer?

The bank promotes KVB Net-banking and Mobile Banking for secure, convenient transactions without visiting a branch.

When can I access locker services at KVB?

Locker operations are available during standard branch hours, ensuring you can use them without additional access timings.

","glossaryKeywords":[],"framerCategory":"blog","followUp":["What specific security measures protect digital banking transactions at KVB?","How do customers troubleshoot issues with KVB's online banking platforms?","Are there any fees associated with passbook updates or other in-branch services?","What additional products and services does KVB offer for small businesses and NRIs?","How is KVB leveraging technology to further enhance customer experience and operational efficiency?"],"meta":{"description":"Stay updated with Karur Vysya Bank's branch hours, safety protocols, secure digital banking, NEFT/RTGS timings and full-service offerings designed for modern banking."},"recentPosts":["673c6d0ee1a04c2f99f1ead0","673c6d0be1a04c2f99f1e7be","673c6d0ee1a04c2f99f1e904","673c6d0ee1a04c2f99f1ea81","673c6d0ee1a04c2f99f1e92a"]},{"_id":"673c6d0be1a04c2f99f1e892","title":"How District Industries Centers Drive Rural Growth","slug":"/blog/district-industries-centers-(dics)-empowering-young-entrepreneurs-in-india","createdAt":"2024-03-21T00:00:00.000Z","modifiedAt":"2025-02-02T01:43:53.385Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/wRyw2dTMH5rgSb9UhWZMngHZn2Y.jpg","imageAltText":"blog-image","summary":"District Industries Centers (DICs) serve as vital entities under the\nMinistry of Social Justice and Empowerment, aimed at bolstering young\nprofessionals across India. Introduced in 1978, these centers target the\ngrowth of small-scale industries in rural and smaller urban locales, providing\ncritical resources and services.","readTime":"15 Mins","author":"Team Pluto","category":"blog","mainContent":"

District Industries Centers (DICs)

In conclusion, DICs are integral resources for nascent entrepreneurs and business owners, offering the indispensable support required to commence and grow their ventures.

","faqs":"

What are District Industries Centers (DICs) and their primary objectives?

DICs are key institutions under the Ministry of Social Justice and Empowerment that support MSMEs and foster rural employment through financial and developmental assistance.

Who qualifies for the subsidized loan schemes provided by DICs?

Eligible beneficiaries include individuals from scheduled castes, safai karamcharis’ families, other backward classes, and physically challenged professionals.

How do DICs assist small-scale entrepreneurs in rural areas?

DICs facilitate business start-ups by providing credit facilities, machinery, equipment, training sessions, and promotional support to budding entrepreneurs.

Which financial corporations collaborate with DICs for loan disbursement?

DICs work with agencies such as NSCFDC, NSKFDC, NBCFDC, and NPCFDC to offer term loans and reduced-rate loans for qualifying projects.

What additional services do DICs offer beyond funding?

Beyond financial aid, DICs conduct surveys, training programs, marketing support, and rehabilitation initiatives to strengthen small and cottage industries.

","glossaryKeywords":[],"framerCategory":"blog","followUp":["How do DICs contribute uniquely to rural employment and economic growth?","What are the specific eligibility requirements for accessing DIC loan schemes?","In what ways do DICs support entrepreneurs with machinery and operational resources?","What types of training and skill enhancement programs do DICs organize?","How do partnerships with government agencies enhance the services provided by DICs?"],"meta":{"description":"Explore how District Industries Centers empower rural entrepreneurs with subsidized loans, training, and resources to boost small-scale industries in India."},"recentPosts":["673c6d0be1a04c2f99f1e519","673c6d0ee1a04c2f99f1e9af","673c6d0be1a04c2f99f1e55c","673c6d0be1a04c2f99f1e55d","673c6d0ee1a04c2f99f1ebf5"]},{"_id":"673c6d0be1a04c2f99f1e891","title":"How to Contact StashFin for Collateral-Free Loans?","slug":"/blog/stashfin-personal-loan-customer-care-get-assistance-and-resolve-your-queries","createdAt":"2024-03-21T00:00:00.000Z","modifiedAt":"2025-02-02T01:43:45.611Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/6FQC0vRQrnHa1GJNWGITFGSDbk.jpg","imageAltText":"blog-image","summary":"As a leading provider of collateral-free personal loans , StashFin offers\nloan amounts from Rs. 1,000 to Rs.","readTime":"15 Mins","author":"Team Pluto","category":"blog","mainContent":"

Overview

Contact Details

To get in touch with StashFin customer care, dial 011-47848400, keeping in mind that standard calling charges may apply.

Other Contact Methods

You can also reach StashFin through other means:

Social Media: Connect via StashFin’s Facebook page, but ensure that you do not disclose any private financial information.
Email: Send your queries to customercare@stashfin.com for prompt responses.
Mobile Application: Seek assistance through the StashFin app using these steps:
1. Go to the StashFin website and click on \"Log In\" at the top-right corner.
2. Log in using your registered email or mobile number along with your password.
3. Navigate to the \"Help\" menu in the app for solutions.

Grievance Redressal

If you have complaints or grievances, reach out to StashFin's Grievance Redressal Officer:

Name: Sanjeev Walia
Contact: 9953595222
Email: grievance.officer@stashfin.com

Conclusion

Stay updated and efficiently handle your queries with StashFin's dedicated customer support and grievance resolution services.

","faqs":"

What are collateral-free personal loans?

StashFin offers unsecured loans ranging from Rs. 1,000 to Rs. 5 lakh with minimal documentation.

How can I contact StashFin customer care?

You can reach out by dialing 011-47848400 or emailing customercare@stashfin.com for prompt assistance.

What other support channels are available?

In addition to a phone call, you can contact through social media or via the StashFin mobile app.

How do I raise a grievance with StashFin?

Contact the Grievance Redressal Officer, Sanjeev Walia, at 9953595222 or email grievance.officer@stashfin.com for complaints.

What are the working hours for grievance redressal?

Grievance redressal is available Monday to Saturday from 10:00 am to 6:00 pm, excluding Sundays and specific Saturdays and public holidays.

","glossaryKeywords":[],"framerCategory":"blog","followUp":["Can I apply for multiple loans to increase my funding flexibility?","What steps are involved in the loan application process with minimal documentation?","Are there any eligibility criteria or credit checks for collateral-free loans?","How secure is my personal information when contacting StashFin via digital channels?","What additional customer support features does StashFin offer through its mobile app?"],"meta":{"description":"StashFin offers collateral-free personal loans from Rs. 1,000 to Rs. 5 lakh with flexible repayment options. Contact us via phone, email, or app for seamless support."},"recentPosts":["673c6d0ee1a04c2f99f1eb7d","673c6d0ee1a04c2f99f1eb82","673c6d0be1a04c2f99f1e69e","673c6d0be1a04c2f99f1e8dd","673c6d0be1a04c2f99f1e8a9"]},{"_id":"673c6d0be1a04c2f99f1e88f","title":"How to Unblock Your SBI Debit Card Quickly","slug":"/blog/how-to-unblock-sbi-debit-card-a-step-by-step-guide","createdAt":"2024-03-21T00:00:00.000Z","modifiedAt":"2025-02-02T01:43:31.946Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/l0EifZFpwPsFb8ReXwEY5iml34.jpg","imageAltText":"blog-image","summary":"Facing a blocked SBI debit card? Follow our step-by-step guide to unblock your card within 24 hours using key details like your account number and CIF.","readTime":"15 Mins","author":"Team Pluto","category":"blog","mainContent":"

Guide to Unblock Your SBI Debit Card

Key Details Required

Step-by-Step Guide

Here's a step-by-step guide to unblocking your SBI debit card:

Visit the nearest SBI Bank branch and ask for a debit Unblock Application Form.
Thoroughly fill out the form, making sure details such as the account number, CIF number, and card's last four digits are correct.
Sign the form to validate your request.
Attach a passport-sized photo ID to the form. You may use a photo editor to adjust the size if necessary.
Submit the completed form and ID to a bank officer.
Your debit card will be unblocked typically within 24 hours.
An SMS confirmation will be sent to your phone upon completion of the process.

Additional Information

Should you need further guidance, reach out to SBI's customer care helpline at 1800 425 3800.

In a world where digital transactions are vital, follow these straightforward steps to ensure your debit card remains accessible, allowing you to enjoy the convenience it offers in daily life.

","faqs":"

How long does it take to unblock an SBI debit card?

Typically within 24 hours after submitting your completed application and necessary documents.

What documents are required to unblock my SBI debit card?

You need your account number, card’s last four digits, registered signature, a photo ID, and your SBI CIF number.

Where can I submit the unblocking request for my SBI debit card?

Visit the nearest SBI branch and submit the filled-out unblock application form along with the required documents.

Will I receive a confirmation once the SBI debit card is unblocked?

Yes, an SMS confirmation will be sent to your registered mobile number upon successful unblocking.

Who should I contact for further assistance regarding the unblocking process?

You can reach SBI customer care at 1800 425 3800 if you need any help.

","glossaryKeywords":[],"framerCategory":"blog","followUp":["What security measures does SBI implement to protect accounts during a card unblocking process?","What steps can I take if the unblocking process takes longer than expected?","Are there any fees or charges associated with unblocking an SBI debit card?","Can I initiate the unblocking process online or through mobile banking?","How does unblocking my debit card impact my current account’s transaction limits?"],"meta":{"description":"Follow our step-by-step guide to quickly unblock your SBI debit card. Learn the required documents, approval process, and essential security tips to restore access."},"recentPosts":["673c6d0ee1a04c2f99f1eb71","673c6d0ee1a04c2f99f1eb6f","673c6d0ee1a04c2f99f1ebad"]},{"_id":"673c6d0be1a04c2f99f1e88e","title":"Union Bank of India: Revised Banking Hours and Services","slug":"/blog/union-bank-of-india-announces-updated-timings-and-services","createdAt":"2024-03-21T00:00:00.000Z","modifiedAt":"2025-02-02T01:43:24.544Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/jjMbB0hkdIEw2mZhy87yGq7jjA.jpg","imageAltText":"blog-image","summary":"Union Bank of India , a prominent state-owned bank, has revised its\nbanking hours and services, prompting customers to take note of these\nchanges for a seamless banking interaction. ## Banking Hours and Days\n\nThe bank’s branches now operate from 10:00 AM to 4:00 PM on weekdays\n(Monday to Friday), remaining closed on 2nd and 4th Saturdays , Sundays, and\npublic holidays.","readTime":"15 Mins","author":"Team Pluto","category":"blog","mainContent":"

Union Bank of India

, a prominent state-owned bank, has revised its banking hours and services, prompting customers to take note of these changes for a seamless banking interaction.

Banking Hours and Days

NEFT and RTGS Services

Restoration of Services Post COVID-19 Lockdown

Locker Services and Lunch Break Policy

About Union Bank of India

","faqs":"

What are the revised banking hours of Union Bank of India?

The branches now operate from 10:00 AM to 4:00 PM on weekdays and are closed on 2nd and 4th Saturdays, Sundays, and public holidays.

Are NEFT and RTGS services available round the clock?

Yes, Union Bank offers 24x7 NEFT and RTGS services to ensure uninterrupted fund transfers.

When did Union Bank resume normal operations post-COVID?

The bank restored its regular hours and complete banking services after the COVID-19 lockdown.

Do Union Bank branches have a designated lunch break?

No, the bank maintains continuous service throughout the day without a dedicated lunch break.

How can customers access locker facilities at Union Bank?

Locker services are available during standard banking hours and can be accessed at any branch.

","glossaryKeywords":[],"framerCategory":"blog","followUp":["What security measures are in place to safeguard online banking transactions at Union Bank?","How can I troubleshoot issues with NEFT or RTGS transfers?","Are there any fees associated with locker services or other in-branch facilities?","Can customers fully manage their accounts via Union Bank's mobile banking app?","What additional services has Union Bank introduced to enhance customer safety and service quality?"],"meta":{"description":"Union Bank of India revises branch hours to 10 AM-4 PM, offers 24x7 NEFT/RTGS services, and resumes full post-COVID banking with no lunch break interruptions."},"recentPosts":["673c6d0be1a04c2f99f1e539","673c6d0ee1a04c2f99f1ead0","673c6d0ee1a04c2f99f1e9bb","673c6d0ee1a04c2f99f1eb57","673c6d0be1a04c2f99f1e7bb"]},{"_id":"673c6d0be1a04c2f99f1e88d","title":"Indian Overseas Bank 2024: Timings and Services Unveiled","slug":"/blog/indian-overseas-bank-timings-in-2024-opening-time-neft-timings-more","createdAt":"2024-03-21T00:00:00.000Z","modifiedAt":"2025-02-02T01:43:11.592Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/XW6ZqhR2B6gGRCwq9bnFr7ES8.jpg","imageAltText":"blog-image","summary":"Indian Overseas Bank: Timings & Services Overview for 2024\n\nIf you are linked with Indian Overseas Bank (IOB) or planning to visit a\nbranch, it's essential to know their transaction timings for 2024:\n\nWeekdays: \nCash Transactions: 10:00 AM - 3:30 PM \nNon-cash Transactions: 9:30 AM - 5:00 PM \nLunch Break: 1:30 PM - 2:00 PM (Services continue during lunch)\n\nSaturdays: Branches operate from 10:00 AM to 3:30 PM on the 1st, 3rd, and\n5th Saturdays and remain closed on the 2nd and 4th Saturdays. Confirm specific\ntimings via the IOB customer care line.","readTime":"15 Mins","author":"Team Pluto","category":"blog","mainContent":"

Indian Overseas Bank: Timings & Services Overview for 2024

If you are linked with Indian Overseas Bank (IOB) or planning to visit a branch, it's essential to know their transaction timings for 2024:

Weekdays:

Cash Transactions: 10:00 AM - 3:30 PM
Non-cash Transactions: 9:30 AM - 5:00 PM
Lunch Break: 1:30 PM - 2:00 PM (Services continue during lunch)

Saturdays:

Branches operate from 10:00 AM to 3:30 PM on the 1st, 3rd, and 5th Saturdays and remain closed on the 2nd and 4th Saturdays. Confirm specific timings via the IOB customer care line.

Post-relaxation of COVID-19 restrictions, branches returned to regular hours, operating from 9:20 AM to 5:00 PM. Visitors must wear masks and adhere to social distancing for safety.

Online Banking Services:

IOB's online options, such as internet banking, mobile banking, and ATMs, are available 24/7, even on holidays. NEFT transactions are possible online round-the-clock.

NEFT Timings In-Branch:

10:00 AM - 5:00 PM, with a lunch break between 1:30 PM and 2:00 PM. Transactions are processed at 30-minute intervals through the RBI, generally completing fund transfers within an hour.

RTGS and IMPS:

UPI Transactions:

The UPI allows instant 24/7 payments without needing to share account details, even on public holidays.

In conclusion, IOB ensures flexible banking services while maintaining safety measures. Stay updated to maximize their offerings.

Banking References and Acronyms:

Credit Information Bureau (India) Limited
Magnetic Ink Character Recognition
Real-Time Gross Settlement
Immediate Payment Service
National Electronic Funds Transfer
Non-Banking Financial Companies
Micro, Small and Medium Enterprises
Non-Resident Indian
Goods and Services Tax
Permanent Account Number
Unique Identification Authority of India
Employees’ Provident Fund
Life Insurance Corporation
Automated Teller Machine

","faqs":"

How can I check the Indian Overseas Bank branch timings?

You can visit the official IOB website or contact their customer care to get the latest branch timings.

What are the specific operating hours on Saturdays?

IOB branches open from 10:00 AM to 3:30 PM on the 1st, 3rd, and 5th Saturdays, and remain closed on the 2nd and 4th Saturdays.

Are online banking services available 24/7?

Yes, IOB's internet banking, mobile banking, ATMs, and UPI services are accessible 24 hours a day, including holidays.

When can NEFT and RTGS transactions be processed in-branch?

NEFT and RTGS transactions in-branch are processed between 10:00 AM and 5:00 PM, with a lunch break from 1:30 PM to 2:00 PM.

What safety measures should visitors follow at IOB branches?

Visitors are advised to wear masks and adhere to social distancing protocols, as per IOB's post-COVID safety guidelines.

","glossaryKeywords":[],"framerCategory":"blog","followUp":["What additional digital banking tools and services does IOB offer?","How does Indian Overseas Bank ensure the security of both online and offline transactions?","Are there any charges or fees associated with NEFT, RTGS, or IMPS transactions?","What steps should customers take if they face issues with online banking or transaction errors?","How can customers benefit from personalized banking features and additional financial services at IOB?"],"meta":{"description":"Discover Indian Overseas Bank's 2024 guide on branch timings, 24/7 online banking, NEFT/RTGS services, and safety protocols for secure, convenient transactions."},"recentPosts":["673c6d0ee1a04c2f99f1eae4","673c6d0ee1a04c2f99f1eae8","673c6d0ee1a04c2f99f1ebab","673c6d0ee1a04c2f99f1e900","673c6d0ee1a04c2f99f1eb82"]},{"_id":"673c6d0be1a04c2f99f1e88c","title":"How to Open a Bandhan Bank Savings Account in 2023?","slug":"/blog/bandhan-bank-saves-account","createdAt":"2024-03-21T00:00:00.000Z","modifiedAt":"2025-02-02T01:42:55.846Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/xEqVkIzKeafQjynQn1cOmhpx9E.jpg","imageAltText":"blog-image","summary":"Introduction:\n\nBandhan Bank is a leading private bank in India, known for supporting\nentrepreneurship in rural sectors, especially women. Starting as a\nmicrofinance entity, it now offers full-fledged banking services, including\nattractive savings account interest rates.","readTime":"15 Mins","author":"Team Pluto","category":"blog","mainContent":"

Introduction:

Bandhan Bank Savings Account Interest Rates

The table below shows the interest rates applicable to Bandhan Bank savings accounts, based on daily balances:

Up to Rs 1 lakh: 3.00%
Above Rs 1 lakh to Rs 10 lakhs: 6.00%
Above Rs 10 lakhs to Rs 2 Cr: 6.25%
Above Rs 2 Cr to Rs 10 Cr: 6.25%
Above Rs 10 Cr to Rs 50 Cr: 6.50%

Types of Bandhan Bank Savings Accounts

Bandhan Bank offers various savings accounts, each with unique features:

Neo+ Digital Savings Account: Open online via video KYC, Visa Classic Debit Card, requires a monthly average balance (MAB) of Rs 5000. Eligible for Indian citizens above 18, first-time account holders.
Elite Savings Account: Unlimited cash transactions, free funds transfer, requires MAB of Rs. 5 Lakh. Suitable if maintaining an Fd of Rs. 25 Lakh, or TRV of Rs. 15 Lakh.
Premium Savings Account: MAB of Rs. 1 Lakh, free cash deposits up to Rs. 10 Lakh, and 25 ATM transactions at other banks.
Advantage Savings Account: MAB of Rs. 25,000, benefits include Platinum Debit Card.
Respect Programme (Senior Citizens): Various banking benefits including free cheques, Visa Platinum Debit Card for individuals aged above 60.
Standard Savings Account: MAB of Rs. 5000, includes unlimited branch cash withdrawals.
Special Savings Account: Tailored for differently-abled individuals with a MAB of Rs. 5000, including Bank@Home services.
Sanchay Savings Account: MAB of Rs. 2000, offering unlimited branch withdrawals.
Corporate Salary Accounts: No minimum balance, free debit card provision.
BSBDA Savings Account: Zero minimum balance, basic account maintenance.
BSBDA Small Savings Account: Zero minimum balance, free ATM-cum-Debit Card, designed for individuals without valid KYC documentation.

Features of Bandhan Bank Savings Accounts

How to Open a Bandhan Bank Savings Account Online?

Opening select Bandhan Bank savings accounts online is possible through video KYC:

Visit Bandhan Bank’s website and click \"Apply Now.\"
Select and review the account type you prefer.
Fill in the application form accurately.
Upload necessary documents (ID proof, address proof, photos).
Verify information and complete video KYC for document validation.
Upon successful verification, activate the account by depositing the requisite balance.

Note: These steps can vary, so consult a bank representative for detailed guidance.

Documents Required to Open a Bandhan Bank Savings Account

For Individuals: Identity and address proofs like Aadhaar, passport, or voter ID, along with a passport-sized photo are needed.

For Joint Accounts: Identity and address proofs of both applicants, along with relationship proof are required.

Eligibility for Opening a Bandhan Bank Savings Account

Benefits of Opening a Bandhan Bank Savings Account

Bandhan Bank Savings Account vs. Current Account – Differences

Compare savings and current accounts:

Purpose: Savings accounts aim at personal savings, while current accounts support frequent business transactions.
Interest Rate: Savings accounts earn interest, unlike current accounts.
Minimum Balance: Required balance is typically lower in savings accounts.
Overdraft: Common in current accounts.
Transaction Fees: Generally lower in savings accounts, higher in current accounts.

Select the account based on whether you require personal savings or handle regular business transactions.

Ways to Transfer Funds from Bandhan Bank Savings Account

Methods include:

NEFT/RTGS: Popular for transferring funds needing beneficiary details.
IMPS: Instant 24/7 transfers requiring a mobile number or account details.
UPI: Secure and seamless transfer method.
Debit Card: Online transfers via bank apps.
Cheque: Traditional banking method.

Transferring funds is convenient across these methods.

Steps to Transfer Funds from Bandhan Bank Savings Account

Log in to Bandhan Bank's net banking service.
Select \"Fund Transfer.\"
Choose your transfer method.
Enter beneficiary details.
Specify the transfer amount and confirm.
You will receive a confirmation alert post-transaction.

Bandhan Bank Customer Care

For support, contact:

Toll-free: 1800-258-8181
Phone: 033-4409-9090, 033-6633-3333, 033-4090-3333
Debit Card PIN queries: 033-6609-6709, 033-4090-2222
Email: customercare@bandhanbank.com

","faqs":"

How can I open a Bandhan Bank Savings Account online?

You can apply through Bandhan Bank’s website by filling out the application and completing the video KYC process for document verification.

What are the minimum balance requirements for Bandhan Bank Savings Accounts?

Requirements vary by account type, ranging from as low as Rs. 2000 for Sanchay Accounts to Rs. 5 Lakh for Elite Accounts.

Which documents are required to open a Bandhan Bank Savings Account?

You typically need a valid ID proof, address proof, and a passport-sized photo, with joint accounts requiring additional relationship proofs.

What types of savings accounts does Bandhan Bank offer?

Bandhan Bank offers various accounts, including Neo+ Digital, Elite, Premium, Advantage, Respect Programme, and more, each designed for specific customer needs.

How can funds be transferred from a Bandhan Bank Savings Account?

You can transfer funds via NEFT/RTGS, IMPS, UPI, debit card transfers, or traditional cheques, ensuring convenient banking.

","glossaryKeywords":[],"framerCategory":"blog","followUp":["What security measures does Bandhan Bank implement to safeguard online transaction data?","How can I troubleshoot issues encountered during the online account opening process?","Are there any hidden fees or service charges associated with maintaining a Bandhan Bank Savings Account?","What additional features and benefits can I access through Bandhan Bank’s mobile and internet banking platforms?","How does Bandhan Bank support financial inclusion and cater to under-served communities through its savings account offerings?"],"meta":{"description":"Explore Bandhan Bank Savings Accounts with attractive interest rates, diverse account types, and online opening via video KYC—tailored solutions."},"recentPosts":["673c6d0be1a04c2f99f1e832","673c6d0be1a04c2f99f1e855","673c6d0ee1a04c2f99f1eab9","673c6d0ee1a04c2f99f1eabb","673c6d0be1a04c2f99f1e7e7"]},{"_id":"673c6d0be1a04c2f99f1e88b","title":"Explore Union Bank of India's Debit Card Options Today","slug":"/blog/union-bank-introduces-different-variants-of-debit-cards","createdAt":"2024-03-21T00:00:00.000Z","modifiedAt":"2025-02-02T01:42:32.604Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/EyKM55M7mSSwMqnVljo1cgXuw.jpg","imageAltText":"blog-image","summary":"Union Bank of India offers a range of debit card options that cater to\ncustomer needs, including options from Visa , RuPay , and\nMasterCard. Here's an overview of these debit cards to assist you in\nchoosing the right one.","readTime":"15 Mins","author":"Team Pluto","category":"blog","mainContent":"

Union Bank of India

Union Bank of India's Debit Card Choices

1. Union Bank Signature Visa Contactless Debit Card

2. Union Bank RuPay Select Debit Card

3. Union Bank Platinum RuPay Debit Card

4. Union Bank Classic Debit Card (RuPay/Visa)

Offering a daily withdrawal and shopping cap of Rs 25,000, the Classic Debit Card has no issuance fee and includes Rs 2 lakh in insurance, making it a versatile choice for Union Bank patrons.

5. Union Bank Business Platinum Debit Card

The Business Platinum Debit Card caters to business owners with Rs 25,000 daily ATM cash access and Rs 50,000 spending limit at retail or online outlets, with no balance requirements.

6. Union Bank QSPARC Debit Card (RuPay)

Operating as both a debit and prepaid card, the QSPARC allows for Rs 25,000 ATM withdrawals and Rs 50,000 on purchases. Contactless usage is limited to Rs 5,000 per transaction.

Applying for a Union Bank Debit Card

Fees and Charges of Debit Cards

Online PIN Setup for Union Bank Debit Card

For setting or resetting your ATM PIN with Green PIN at any Union Bank ATM:

","faqs":"

How can I apply for a Union Bank debit card online?

Visit Union Bank's official website and search for 'Union Bank of India Debit Card apply online' to start your application process.

What is the contactless transaction limit on Union Bank debit cards?

Typically, Union Bank debit cards allow contactless transactions up to Rs 5,000 per transaction, although limits can vary by card type.

Are there any fees associated with Union Bank debit cards?

Yes, while the first year is generally free, annual fees and issuance charges apply based on the specific card, ranging from Rs 200 to Rs 400.

How do I set or reset my Union Bank ATM PIN?

You can set or reset your ATM PIN at any Union Bank ATM using the Green PIN process by following the instructions on the screen.

What insurance coverage is provided with Union Bank debit cards?

Most cards include complimentary insurance coverage of up to Rs 2 lakh for the primary holder, with variations based on the card type.

","glossaryKeywords":[],"framerCategory":"blog","followUp":["What advanced security features does Union Bank offer to protect debit card transactions?","How can I troubleshoot issues encountered during online PIN setup on Union Bank ATMs?","What are the key differences between the fee structures of various Union Bank debit cards?","Can I combine Union Bank debit card benefits with other banking rewards or loyalty programs?","How does Union Bank ensure reliable service for contactless payment transactions?"],"meta":{"description":"Explore Union Bank of India's diverse debit cards, featuring contactless payments, competitive limits, and tailored benefits for all needs."},"recentPosts":["673c6d0ee1a04c2f99f1ea92","673c6d0ee1a04c2f99f1ebc2","673c6d0be1a04c2f99f1e7c0","673c6d0ee1a04c2f99f1eb75","673c6d0ee1a04c2f99f1ebcb"]}],"newname":"General"},{"name":"fixed-deposit","count":10,"articles":[{"_id":"673c6d0ee1a04c2f99f1ebd4","title":"Axis Bank FD Rates for 2024: What to Expect?","slug":"/blog/fixed-deposit/axis-bank-fixed-deposit-rates-2024","createdAt":"2024-04-16T00:00:00.000Z","modifiedAt":"2025-02-02T00:05:49.827Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/LeWuHpwAnawtB3CUyP3ymrHP0w.jpg","imageAltText":"fixed-deposit-image","summary":"Axis Bank Limited ranks as India's third-largest private sector bank that provides comprehensive banking services including retail, corporate, and international solutions. The blog focuses on its diverse fixed deposit schemes offering competitive interest rates, senior citizen benefits, and varied tenures. It explains FD types, required documents, and the process for opening deposits online or at a branch.","readTime":"6 Mins","author":"Team Pluto","category":"fixed-deposit","mainContent":"

Axis Bank Limited

Axis Bank Limited based in Mumbai, Maharashtra, ranks as India's third-largest private sector bank, offering an extensive range of banking services.

Axis Bank features diverse fixed deposit schemes enabling customers to allocate savings for a chosen term, ensuring both principal safety and interest earnings.

Axis Bank’s competitive interest rates on Fixed Deposits yield substantial returns, presenting a secure investment option.

A minimum deposit initiates an account, with limited access until maturity, keeping funds committed for the intended term.

Key Features of Axis Bank Fixed Deposits

Higher Interest Rates for Seniors: Seniors benefit from higher rates compared to other customers.
Nomination Option: The option to nominate a beneficiary is available.
Initial Amount Requirement: A minimum of Rs. 5,000 is needed to open an FD account.
Attractive Short-term Rates: Competitive rates are available for shorter durations.
Simplified Account Creation: Setting up an FD is straightforward and user-friendly.
Loan Facility Against FD: Loans up to 90% of the deposit value are available.
Variety of FD Schemes: A wide selection of FD schemes is offered.

Axis Bank FD Interest Rates 2024

Interest rates vary based on tenure, with favorable rates for senior citizens.

Tenure	Interest Rates (PA)	Senior Rates (PA)
7 days - 29 days	3%	3.5%
1 month - 1 month 15 days	3.5%	4%
1 month 16 days - 1 month 30 days	4.25%	4.75%
2 months - 2 months 29 days	4.5%	5%
3 months - 5 months 26 days	4.75%	5.25%
5 months 27 days - 8 months 29 days	5.75%	6.25%
8 months 30 days - 11 months 30 days	6%	6.5%
1 year - 1 year 2 months 29 days	6.7%	7.2%
1 year 3 months - 1 year 4 months 29 days	7.1%	7.6%
1 year 4 months 30 days - 1 year 5 months 29 days	7.2%	7.85%
1 year 6 months - 4 years 11 months 29 days	7.1%	7.6%
4 years 11 months 30 days - 9 years 11 months 29 days	7%	7.75%

Types of Axis Bank FD Schemes

Standard Fixed Deposits:

Invest for a specified period at fixed rates.
Terms range from 7 days to 10 years, generally offering more than savings accounts.

Tax Saving Fixed Deposits:

Offer tax benefits under Section 80C, allowing exemptions up to Rs. 1.5 lakh annually.
5-year lock-in without premature withdrawal, accepting only lump-sum deposits.

Special Term Deposits:

Similar to standard FDs but with higher rates for commitment to non-withdrawal.

Fixed Deposits for Regular Income:

Designed for regular payouts, providing monthly or quarterly interest.

Senior Citizen Fixed Deposits:

For individuals 60 and above, offering additional interest over standard rates with flexible tenure options.

Flexible Fixed Deposits (Flexi FDs):

Linked to savings accounts, allowing automatic fund transfers to the FD.

Corporate and Alternative Fixed Deposits:

Investments in corporations or NBFCs, potentially offering higher but unsecured returns.

Fixed Deposits for NRIs:

NRE FDs: Tax-free interest with full repatriability on foreign income. NRO FDs: Manages Indian-earned income, taxed, but fully repatriable within limits.

Long-term & Short-term Fixed Deposits:

Long-term FDs: Spanning 5 to 10 years, often providing higher returns.
Short-term FDs: Range from 7 days to 2 years, suitable for immediate financial needs.

Opening an Axis Bank Fixed Deposit

Axis Bank Fixed Deposits can be opened online via Internet Banking or by visiting a branch.

1) Online via Internet Banking:

Access Internet Banking and select 'Create Fixed Deposit'.
Fill out required details and nominate a beneficiary.
Funds get transferred upon confirmation, with a web receipt provided. FD documentation is sent via email or mail, downloadable the next business day.

2) In-Person at a Branch:

Visit Axis Bank branch and complete the FD application form.
Submit necessary documentation and deposit the required amount.
Receive an FD receipt post-successful processing.

Who Can Open a Fixed Deposit Account?

Eligible parties include:

Resident individuals, including minors.
Senior citizens and super seniors.
HUF.
Sole proprietors, partnerships, joint-stock companies, and trusts.

Documents Required

KYC documents for identity verification, such as Aadhaar, driving license, or voter ID.
PAN as required by the Income Tax Department.
Proof of address via KYC documents, passport, or utility bills.

Early Withdrawal Terms

Early withdrawals usually incur a 1% penalty, though a partial withdrawal of up to 25% is permissible without a penalty on the initial withdrawal.

","faqs":"

What is the minimum deposit to open an Axis Bank FD account?

The minimum deposit required is Rs. 5,000 to initiate an FD account.

How can I open an Axis Bank Fixed Deposit?

You can open an FD online via Internet Banking or by visiting any Axis Bank branch.

Are there specialized FD schemes for senior citizens?

Yes, senior citizens benefit from higher interest rates and exclusive FD schemes.

What documents are needed to open an FD account?

Required documents include KYC proof such as Aadhaar or voter ID, PAN, and a valid address proof.

What are the early withdrawal terms for Axis Bank FDs?

Early withdrawals incur a 1% penalty, with up to 25% allowed without penalty on the initial withdrawal.

","glossaryKeywords":[],"framerCategory":"fixed-deposit","followUp":["How do Axis Bank's flexible FD schemes integrate with savings accounts for better fund management?","What tax benefits are offered under Axis Bank’s Tax Saving Fixed Deposits?","How does Axis Bank ensure security during the online FD application process?","What factors should be considered when choosing between cumulative and non-cumulative FD options?","Can I avail loan facilities against my FD and how is the process managed at Axis Bank?"],"meta":{"description":"Explore Axis Bank Fixed Deposits: Competitive rates, flexible terms, and exclusive benefits for seniors & NRIs make saving easy and secure."},"keyTakeaways":["Offers a wide range of banking services and fixed deposit schemes.","Competitive interest rates vary by tenure with special rates for seniors.","Multiple FD types cater to different needs, including tax-saving and flexible options.","Accounts can be opened online or in-person with standard documentation requirements."],"recentPosts":["673c6d0ee1a04c2f99f1ebcd","673c6d0ee1a04c2f99f1ebd0","673c6d0ee1a04c2f99f1ebd3","673c6d0ee1a04c2f99f1ebcf","673c6d0ee1a04c2f99f1e910"]},{"_id":"673c6d0ee1a04c2f99f1ebd3","title":"Exploring Bank of Baroda FD Interest Rates for 2024","slug":"/blog/fixed-deposit/bank-of-baroda-fixed-deposit-rates-2024","createdAt":"2024-04-16T00:00:00.000Z","modifiedAt":"2025-02-02T00:05:18.333Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/ZizHDUm3GdQX16gwFCGArb7FMD0.jpg","imageAltText":"fixed-deposit-image","summary":"The blog details Bank of Baroda's extensive fixed deposit offerings, covering multiple schemes like tax savings, monthly income, and specialized products for NRIs. It explains eligibility criteria, required documents, account opening steps via internet, mobile app, or branch, and the policy for premature withdrawals. The article caters to diverse depositor needs.","readTime":"6 Mins","author":"Team Pluto","category":"fixed-deposit","mainContent":"

Bank of Baroda (BOB)

Key Features and Benefits of Bank of Baroda Fixed Deposits

Senior Citizen Bonus: Additional 0.50% p.a. interest for senior citizens.
Minimum Investment: FD initiation from Rs 10,000.
Nomination Facility: Protects beneficiaries' interests.
Loan Facilities: Avail up to 90% of your FD’s value.
Interest Payment: Paid upon maturity.
Diverse Schemes: Includes Baroda Double Dhamaka, Suvidha, and Tax Savings options.

Bank of Baroda FD Interest Rates 2024

Tenure	Interest Rates (PA)	For Seniors (PA)
7 - 14 days	4.3%	4.8%
15 days - 1m 15d	4.5%	5%
1m 16d - 2m 29d	5.5%	6%
3m - 5m 27d	5.6%	6.1%
5m 28d - 6m 27d	5.75%	6.25%
6m 28d - 8m 26d	6.15%	6.65%
8m 27d - 11m 25d	6.25%	6.75%
11m 26d - 11m 26d	7.1%	7.6%
11m 27d - 11m 30d	6.25%	6.75%
1y - 1y 1m 3d	6.85%	7.35%
1y 1m 4d - 1y 1m 4d	7.15%	7.65%
1y 1m 5d - 2y	6.85%	7.35%

Types of Bank of Baroda FD Schemes

Baroda Tax Savings Term Deposit Account

Investment Benefits: Tax deduction under Section 80C.
Options: RIRD (cumulative), MIP (monthly), QIP (quarterly).
Duration: 5 to 10 years.
Deposit Limits: Minimum Rs. 100, maximum Rs. 1.5 lakh annually.
Interest: Additional 0.50% p.a. for seniors; benefits for staff.
Withdrawals: Post 5 years at reduced rates.

Baroda Suvidha Flexible Fixed Deposit Scheme

Duration: 1 to 5 years.
Limits: Minimum Rs. 5,000; no upper limit; minors up to Rs. 1 lakh.
Interest: Additional benefits for seniors and staff.
Flexibility: Overdraft facilities.
Premature Withdrawal: Conditions apply.

Monthly Income Plan (MIP)

Duration: 1 to 10 years.
Limits: Minimum Rs. 1,000, no cap; minors up to Rs. 1 lakh.
Interest: Additional payouts for seniors and staff.
Income: Monthly payouts assured.
Security: Acceptable for government securities.

Quarterly Income Plan (QIP)

Duration: 1 to 10 years.
Limits: Minimum Rs. 1,000, no upper cap.
Income: Guaranteed quarterly returns.
Flexibility: Overdraft up to 95% balance.
Early Closure: Conditions and penalties apply.

Motor Accident Claims Annuity Deposit (MACAD)

Tenure: 3 years and above, as per court.
Limits: Based on annuity, no maximum cap.
Purpose: Facilitates court-awarded claims.
Early Closure: Criteria-based, penalty-free.

Capital Gain Account Scheme (CGAS), 1988

Purpose: Preserve long-term gains for tax deferment.
Accounts: Type A (saving/current), Type B (TDR/STDR).
Tenure: Varies by gain type.
Limits: Minimum Rs. 1,000, no max.
Rates: Bank-determined, non-preferential.
Premature Exit: No penalty options.

Baroda Advantage Fixed Deposits (Non-Callable)

Target: Higher interest for Rs. 15 lakhs+ deposits, with no early withdrawal.
Duration: 1 to 10 years.
Limits: Minimum Rs. 15 lakhs, no max; minors Rs. 1 lakh.
Interest: Preferential rates, 0.50% p.a. more for seniors.
Payout Options: RIRD, MIP, QIP.
Loan/Overdraft: Up to 85% of the deposit balance.
Early Termination: Allowed in case of depositor's death.

NRO Non-Callable FD

Available for NRO accounts with benefits and restrictions similar to non-callable FDs.

NRE Rupee Fixed Deposits

Purpose: For NRIs to convert foreign earnings to INR.
Duration: 1 to 10 years.
Interest: Cumulative deposits with quarterly payout.
Early Closure: After 1 year, penalties apply.

NRO Rupee Fixed Deposits

Tax: 30.90% withholding tax, surcharges apply.
Loan/Overdraft: Facilities available.
Interest: Paid quarterly.

Resident Foreign Currency Accounts

Purpose: Allow returning NRIs to retain foreign currency deposits.
Duration: 1 to 5 years.
Rates: Comparable to FCNR rates.
Early Withdrawal: No interest if withdrawn before 1 year.

Rupee Linked Foreign Currency Deposit Scheme

Tenure: 1, 2, or 3 years.
Limits: Minimum USD 10,000 or equivalent.
Payout: On maturity, includes principal; forward contracts possible.
Early Termination: May void forward contracts, resulting in losses.

Foreign Currency Linked Rupee Deposits (FCLRD) Scheme

Combines NRE and FCNR benefits while minimizing currency exchange risks.

Foreign Currency Non-Resident B Term Deposit Scheme

Benefit: Maturity proceeds in foreign currency, tax-exempt.
Tenure: 1 to 5 years.
Payout: Half-yearly; no interest if closed before the first year.

This extensive selection of FD schemes from Bank of Baroda caters to diverse depositor needs, enabling tax savings, income generation, and offers flexibility for both residents and NRIs.

Steps to Open a Fixed Deposit Account at Bank of Baroda

FD accounts can be created using the Bank of Baroda Mobile App, Internet Banking, or through a branch visit.

1) Internet Banking:

Log in to your BOB NetBanking account.
Select ‘Open Fixed Deposit’.
Fill the necessary fields and submit.

2) Mobile App - Bank of Baroda App:

Download and log into the app.
Select ‘Open Fixed Deposit’.
Enter required details and confirm.

3) Offline - Branch Visit:

Go to the nearest branch.
Submit the filled FD application form with necessary documents and deposit.
Receive the FD receipt upon processing.

Eligibility Criteria for Fixed Deposits at Bank of Baroda

Individuals, minors, HUFs, trusts, clubs, and others can initiate an FD with a minimum of Rs 5000, with no upper limit.

Required Documents for Bank of Baroda FDs

Identity Proof: PAN, Driving License, Passport, etc.
Address Proof: Utility bills, Passport, Bank statement, etc.

Policy for Premature Withdrawal

FDs, except tax-saving options, allow early withdrawal. No penalty applies for amounts ≤ Rs. 5 lakhs held over 12 months; larger withdrawals may incur penalties.

","faqs":"

How can I open a Bank of Baroda fixed deposit account online?

You can initiate your FD account via BOB NetBanking or the Bank of Baroda Mobile App by completing the simple online registration steps.

Are there special benefits for senior citizens in these FD schemes?

Yes, many FD products offer an additional interest bonus of 0.50% per annum for senior citizens.

Can I secure a loan against my fixed deposit at Bank of Baroda?

Indeed, Bank of Baroda offers loan facilities up to a significant percentage of your FD’s value, depending on the scheme.

What is the process for premature withdrawal of an FD?

You can withdraw your FD early either at a branch or online, with no penalty for amounts up to Rs. 5 lakhs held over 12 months.

What documents are required to open an FD account?

You will need basic identity and address proofs such as PAN, passport, or driving license, along with a utility bill.

","glossaryKeywords":["bank of baroda fixed deposit rates-2024"],"framerCategory":"fixed-deposit","followUp":["What security measures does Bank of Baroda implement to safeguard FD investments?","How are the FD interest rates structured for different tenures at Bank of Baroda?","What should I do if I encounter issues during the online FD account opening process?","Are there any hidden fees or charges associated with premature withdrawals of Bank of Baroda FDs?","How does Bank of Baroda integrate digital tools to enhance customer experience in managing fixed deposits?"],"meta":{"description":"Explore Bank of Baroda's diverse fixed deposit schemes offering competitive rates, flexible tenures, senior citizen bonuses, and convenient online/offline account opening."},"keyTakeaways":["Diverse FD schemes for varied depositor needs.","Attractive interest rates with senior citizen bonuses.","Multiple account opening channels: online, mobile, and branch.","Special plans include tax savings, income plans, and NRI specific options.","Clear eligibility criteria and documentation requirements."],"recentPosts":["673c6d0ee1a04c2f99f1ebcd","673c6d0ee1a04c2f99f1ea7b","673c6d0ee1a04c2f99f1ebd0","673c6d0ee1a04c2f99f1ead6","673c6d0ee1a04c2f99f1ebcf"]},{"_id":"673c6d0ee1a04c2f99f1ebd2","title":"Why Choose BOI Fixed Deposits? Explore 2024 Rates","slug":"/blog/fixed-deposit/bank-of-india-fd-rates-2024","createdAt":"2024-04-16T00:00:00.000Z","modifiedAt":"2025-02-02T00:04:17.308Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/X3YKohw1e5vltxviLqHivF7sA6I.jpg","imageAltText":"fixed-deposit-image","summary":"Bank of India provides diverse fixed deposit schemes including regular, tax-saving, short-term, NRE, NRO, FCNR, and specialized term deposits with flexible tenures from 7 days to 10 years, competitive interest rates, and exclusive senior citizen benefits. The blog explains eligibility, required documents, multiple opening channels, and premature withdrawal penalties, serving as a comprehensive guide for potential depositors.","readTime":"7 Mins","author":"Team Pluto","category":"fixed-deposit","mainContent":"

Bank of India

(BOI), a leading nationalized bank, is headquartered in Mumbai, India. BOI caters to both retail and corporate clients through a wide range of banking and financial services.

Highlights and Advantages of BOI Fixed Deposits:

Tenure Options: Choose from terms of 7 days to 10 years.
Nomination Facility: Easily nominate someone for your account.
Loan/Overdraft: Borrow up to 90% of the deposit amount.
Seniors' Benefit: An extra 0.50% interest for senior citizens.
Diverse FD Plans: Multiple schemes to suit different needs.
Minimum Investment: Start with just Rs. 10,000.

BOI FD Interest Rates 2024

Tenure	Interest Rate (PA)	Seniors' Rate (PA)
7 days - 1 month 15 days	3%	3.5%
1 month 16 days - 5 months 26 days	4.5%	5%
5 months 27 days - 8 months 25 days	5.5%	6%
8 months 26 days - 11 months 30 days	5.75%	6.25%
1 year - 1 year 11 months 30 days	6.8%	7.3%
2 years	7.25%	7.75%
2 years 1 day - 2 years 11 months 30 days	6.75%	7.25%
3 years - 4 years 11 months 30 days	6.5%	7%
5 years - 9 years 11 months 29 days	6%	6.5%

BOI FD Schemes Overview

Regular Fixed Deposit:

Urban requires a minimum of Rs 10,000 and rural Rs 5,000. Interest is semi-annual, with no penalty for closure after 12 months if under Rs 5 lakh.

Star Sunidhi Tax-Saving Deposit:

Requires a 5 to 10-year term; premature withdrawal allowed only upon depositor's death.

Short Term Deposit:

Requires at least Rs 1 lakh, with a 6-month maximum, subject to regular FD terms for early closure.

Double Benefit Term Deposit:

Interest is compounded quarterly and paid at maturity, with penalties for early closure.

Motor Accident Claims Term Deposit:

Tenure ranges from 3 to over 10 years, withdrawn only by court order, no death penalties.

NRE Term Deposit:

Offers 1 to 10-year terms, tax-exempt and repatriable with no interest for early withdrawal within 12 months.

NRO Term Deposit:

Offers 7 days to 10-year terms, tax applies, repatriation up to USD 1 Million.

FCNR Deposit:

Available in different foreign currencies, 1 to 5-year terms, tax-exempt.

RFC Deposit:

Tenure of 1 to 3 years, fully repatriable and tax-exempt for non-residents.

Capital Gain Tax Saving:

Savings and term deposit options available, subject to TDS.

Opening a BOI Fixed Deposit

Eligibility for BOI Fixed Deposit

Eligible depositors include Indian residents, individuals/joint account holders, minors, senior citizens, societies, trusts, sole proprietorships, companies, clubs, and NRIs through NRE/NRO accounts.

Required Documents for BOI Fixed Deposit

Identity Proof:

Aadhaar, PAN, passport, photo ID ration card, voter ID, senior citizen ID, driving license.

Address Proof:

Electricity/telephone bills, Aadhaar, passport, driving license, postal certificate.

Premature Withdrawal of BOI Fixed Deposits

BOI allows early FD withdrawal. A 0.5% penalty applies for sums below Rs 5 lakh if withdrawn before 12 months; sums above Rs 5 lakh incur penalties regardless of the withdrawal period.

","faqs":"

What are the key benefits of Bank of India's fixed deposit schemes?

They offer flexible tenures, competitive interest rates, nomination facilities, loan options against deposits, and special benefits for senior citizens.

How can I open a BOI Fixed Deposit?

You can open a BOI FD via internet banking, mobile apps, or by visiting any BOI branch with the required documents.

What documents are required to open a BOI Fixed Deposit?

You need identity proof (like Aadhaar, PAN, passport) and address proof (such as utility bills or passport) to open an FD.

Is premature withdrawal allowed for BOI Fixed Deposits?

Yes, premature withdrawal is allowed, with a penalty of 0.5% applicable based on the withdrawal amount and tenure.

Who is eligible to open a BOI Fixed Deposit?

Eligibility extends to Indian residents including individuals, joint account holders, minors, senior citizens, companies, and NRIs through NRE/NRO accounts.

","glossaryKeywords":["bank of india fd rates-2024"],"framerCategory":"fixed-deposit","followUp":["What security measures protect online and mobile fixed deposit transactions at BOI?","How can I troubleshoot common issues while accessing BOI's internet or mobile banking services for FDs?","Are there any hidden fees or charges associated with BOI Fixed Deposits beyond the premature withdrawal penalties?","What additional benefits do nomination and overdraft facilities offer to fixed deposit account holders?","How does the interest calculation method work when a fixed deposit is closed prematurely?"],"meta":{"description":"Explore Bank of India's extensive fixed deposit schemes offering flexible tenures, competitive rates, nomination, loan facilities, and secure online application for your savings."},"keyTakeaways":["Diverse FD schemes cater to varied depositor needs.","Flexible tenures and competitive rates with senior benefits.","Multiple channels enable easy account opening.","Clear eligibility, documentation, and withdrawal penalty guidelines provided."],"recentPosts":["673c6d0ee1a04c2f99f1ebce","673c6d0ee1a04c2f99f1eaf2","673c6d0be1a04c2f99f1e809","673c6d0ee1a04c2f99f1ebcc","673c6d0ee1a04c2f99f1eadf"]},{"_id":"673c6d0ee1a04c2f99f1ebd1","title":"Canara Bank Fixed Deposit: Key Features and Rates 2024","slug":"/blog/fixed-deposit/canara-bank-fixed-deposit-rates-2024","createdAt":"2024-04-16T00:00:00.000Z","modifiedAt":"2025-02-02T00:03:56.518Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/ZizHDUm3GdQX16gwFCGArb7FMD0.jpg","imageAltText":"fixed-deposit-image","summary":"Canara Bank, founded in Mangalore in 1906 and headquartered in Bengaluru, offers diverse fixed deposit schemes featuring competitive interest rates, flexible tenures, and additional benefits for senior citizens. The blog covers eligibility, required documentation, and multiple ways to open accounts online or offline. It also explains the conditions for premature FD withdrawal.","readTime":"7 Mins","author":"Team Pluto","category":"fixed-deposit","mainContent":"

Canara Bank

Key Features and Benefits of Canara Bank Fixed Deposits

FD Tenure: Varies from 7 days to 10 years.
Senior Citizen Advantage: An extra interest of 0.50% per annum over standard rates.
Minimum Deposit: Rs. 1000 is required to open an FD account.
Nomination Facility: Available for all FD accounts.
Loan/Overdraft Facility: Loans up to 90% of the deposit amount are available.
Interest Payout: Interest is disbursed upon maturity.
FD Schemes: Options include Canara Khazana and Canara Shikhar Deposit with competitive rates.
Eligibility: Individuals, HUFs, companies, trusts, and partnerships can open FDs.

The features make Canara Bank attractive for enhancing savings through fixed deposits.

Canara Bank FD Interest Rates 2024

Tenure	Interest Rates (PA)	Senior Rate (PA)
7 days - 1 month 15 days	4%	4%
1 month 16 days - 2 months 29 days	5.25%	5.25%
3 months - 5 months 26 days	5.5%	5.5%
5 months 27 days - 8 months 25 days	6.15%	6.65%
8 months 26 days - 11 months 30 days	6.25%	6.75%
1 year - 1 year 2 months 17 days	6.85%	7.35%
1 year 2 months 18 days - 1 year 2 months 18 days	7.25%	7.75%
1 year 2 months 19 days - 2 years 11 months 30 days	6.85%	7.35%
3 years - 4 years 11 months 30 days	6.8%	7.3%
5 years - 9 years 11 months 29 days	6.7%	7.2%

Categories of Canara Bank FD Schemes

Fixed Deposit Scheme:

Joint Accounts: Permitted.
Automatic Renewal: Enabled.
Maturity Period: Ranges from 7 days to 10 years.
Interest Rates: 4.00% to 6.70% for the public, and 4.00% to 7.20% for seniors.
Loan Options: Access up to 90% of FD amount.
Partial Withdrawals: Available in multiples of Rs.1,000.
Overdue Deposits: Attract savings account interests.
Taxation: Subject to TDS.

Kamadhenu Deposit (Re-investment Plan):

Minimum Deposit: Rs.1,000.
Duration: 5 months to 10 years.
Interest Rates: Annual rate ranges from 4.00% to 5.50%, compounded quarterly.
Interest Payment: At maturity.
Partial Withdrawals: Permissible in multiples of Rs.1,000.
Senior Benefits: Additional 0.50% on base rates.
Loan Options: Up to 90% of the deposit value.

Canara Tax Saver Scheme:

Tenure: 5 years.
Interest Rate: 5.50% per annum for general populace.
Interest Payout: Monthly or Quarterly.
Minimum Investment: Rs.100.
Loan Availability: Not applicable for this FD.
Withdrawals: No premature closure.
Nomination: Available, except for minors.
Tax Benefits: Under Section 80C, up to Rs.1.50 lakh.

Ashraya Deposit Scheme for Senior Citizens:

Eligibility: Individuals aged 60 and above.
Loan Options: Up to 90% of the FD value.
Interest Advantages: 0.50% elevated rate on all domestic FDs.
Interest Payment: Varies on deposit type.
Taxation: Income attracts TDS.

These tailored schemes cater to different monetary needs, from tax incentives to enhanced returns for senior depositors.

Opening a Fixed Deposit Account with Canara Bank

An FD account can be initiated via internet banking, mobile app, or by visiting a branch.

Internet Banking:

Step 1: Access NetBanking.
Step 2: Go to Term Deposit, select ‘New Account’.
Step 3: Input necessary details, including nominee info and maturity options.
Step 4: Click on ‘Open Deposit’, confirm, and authenticate transaction.

Mobile App - Canara Bank App:

Step 1: Install and log in.
Step 2: Choose ‘New Account’, and select deposit category.
Step 3: Fill in the required information.
Step 4: Verify details and authenticate.

Offline at a Branch:

Step 1: Visit the nearest branch.
Step 2: Complete application, submit necessary paperwork, and deposit.
Step 3: Collect FD receipt post-processing.

These methods ensure convenience and accessibility for opening a Canara Bank FD.

Eligibility for Canara Bank FDs

The following are eligible to open FDs at Canara Bank:

Resident individuals and NRIs.
Minors overseen by guardians.
Members of HUFs.
Companies, organizations, and trusts.

Documents Required for FD Account Setup

Essential documents include:

Address Proof:

Bank statement with a cheque.
Electricity bill.
Telephone bill.
Passport.
ID issued by the Post Office.

Identity Proof:

Driving license.
PAN card.
Voter ID.
Passport.
Photo ration card.

These documents establish identity and residence for opening an FD with Canara Bank.

Premature Withdrawal of Canara Bank Fixed Deposit

Canara Bank allows early termination of FDs, excluding tax-saving options, subject to a 1% penalty, in accordance with Canara Bank's conditions.

","faqs":"

How can I calculate my FD returns at Canara Bank?

Use Canara Bank's FD calculator or speak to a bank representative for precise returns based on deposit tenure and rate.

What are the available FD schemes at Canara Bank?

Available schemes include Fixed Deposit, Kamadhenu Deposit, Canara Tax Saver Scheme, and Ashraya Deposit Scheme for seniors.

How do I open an FD account with Canara Bank?

You can open an FD account via internet banking, the mobile app, or by visiting a branch for a seamless experience.

What documents are required to open a Canara Bank FD?

You will need address and identity proofs such as utility bills, PAN card, passport, or voter ID to open an FD.

Is there a penalty for premature FD withdrawal?

Yes, premature withdrawal incurs a 1% penalty on the deposit amount as per Canara Bank's terms.

","glossaryKeywords":["canara bank fixed deposit rates-2024"],"framerCategory":"fixed-deposit","followUp":["What security measures does Canara Bank implement to safeguard FD transactions?","How can I troubleshoot issues encountered during the online FD application process?","Are there any additional fees or charges associated with maintaining a fixed deposit?","How do interest rate changes affect the returns on my fixed deposit over time?","What other investment options does Canara Bank offer besides fixed deposits?"],"meta":{"description":"Discover Canara Bank's versatile fixed deposit solutions offering competitive rates, flexible tenures, senior benefits, and hassle-free account opening online or at branches."},"keyTakeaways":["Offers FD options from 7 days to 10 years with competitive rates.","Provides additional benefits for senior citizens and accessible loans.","Multiple account opening channels: Internet, mobile app, and branch.","Includes specialized schemes like tax saver and re-investment plans."],"recentPosts":["673c6d0ee1a04c2f99f1eb4c","673c6d0ee1a04c2f99f1ea82","673c6d0ee1a04c2f99f1ebd9","673c6d0be1a04c2f99f1e817","673c6d0be1a04c2f99f1e8db"]},{"_id":"673c6d0ee1a04c2f99f1ebd0","title":"What Are The Central Bank of India FD Rates for 2024?","slug":"/blog/fixed-deposit/central-bank-of-india-fixed-deposit-rate-2024","createdAt":"2024-04-16T00:00:00.000Z","modifiedAt":"2025-02-02T00:03:17.846Z","image":"https://pluto-money-public.s3.ap-south-1.amazonaws.com/production/website/LeWuHpwAnawtB3CUyP3ymrHP0w.jpg","imageAltText":"fixed-deposit-image","summary":"The blog details Central Bank of India's extensive network and diverse fixed deposit schemes with flexible tenures and competitive interest rates. It highlights benefits such as senior citizen rates, loan facilities, and easy account opening processes. The article also covers eligibility criteria and documentation requirements for FD accounts.","readTime":"5 Mins","author":"Team Pluto","category":"fixed-deposit","mainContent":"

Features of Central Bank of India Fixed Deposits

Tenure Options: Ranges from 7 days to 10 years
Loan Facility: Get up to 90% of the FD value
Nomination Facility: Available for all accounts
Minimum Deposit: Rs. 5,000 required to start an FD
Liquidity: Offers flexible withdrawal options
Competitive Interest Rates: Across all FD schemes
Senior Citizen Benefits: Additional 0.50% over standard rates

Central Bank of India FD Interest Rates 2024

Tenure	Interest Rates (PA)	Seniors (PA)
7-14 days	3.5%	4%
15 days - 1.5 months	3.75%	4.25%
1.5 - 1.9 months	4.5%	5%
1.96 - 2.96 months	4.75%	5.25%
3 - 5.87 months	5%	5.5%
5.9 - 8.87 months	6%	6.5%
8.9 - 11.97 months	6.25%	6.75%
1 - 1.997 years	6.75%	7.25%
2 - 2.997 years	7%	7.5%
3 - 4.998 years	6.5%	7%
4.999 - 9.999 years	6.25%	6.75%

Central Bank of India FD Schemes

Resident Indian Fixed Deposit Schemes

Cent Garima Term Deposit Scheme

Tenure: 777 days
Min. Deposit: Rs 10,000; Max.: Rs 10 crore
Senior Citizen Interest Benefit: Additional 0.50%
Options: Monthly/Quarterly or Cumulative
Eligibility: Available for Residents and NRIs
Premature Withdrawal: 1% penalty; specific conditions apply for NRE accounts
Auto Renewal: Not available
Loan/Overdraft: Up to 90% of deposit with an additional 1% interest

Fixed Deposit Receipt (FDR)

Tenure: 7 to 120 months
Min. Deposit: Rs 100
Interest: Simple, credited every 6 months or at maturity
Premature Payment: 1% penalty on withdrawals over Rs 5 lakh
Loan Facility: Available up to 90% of the deposit

Money Multiplier Deposit Certificate (MMDC)

Interest compounding for growth
Tenure: 6 to 120 months
Min. Deposit: Rs 100
Loan Facility: Available up to 90% of the deposit

Monthly Interest Deposit Receipt (MIDR)

Earn monthly interest
Tenure: 12 to 120 months
Min. Deposit: Rs 5,000
Loan Facility: Available

Quarterly Interest Deposit Receipt (QIDR)

Quarterly interest earnings
Tenure: 12 to 120 months
Min. Deposit: Rs 5,000
Loan Facility: Available

Cent Tax Saving Deposit

Benefits under Section 80C
Tenure: 5 years
Max. Deposit: Rs 1.5 lakh per fiscal year
Loan/Collateral: Not permitted

Cent Suraksha Deposit

Auto-reverse sweep on FD link
Auto-renewal for the same duration
Loan/Overdraft: Available

Cent Green Time Deposit Scheme

Supports eco-friendly projects
Tenure: 1111, 2222, or 3333 days
Min. Deposit: Rs 50,000
Premature Withdrawal: Permitted

Cent Floating Deposit Scheme

Incorporates MMDC, MIDR, QIDR with floating interest rates
Tenure: 1-3 years
Linked to the repo rate

How to Open a Fixed Deposit with Central Bank of India

1) Online Process:

Visit the official website and log in
Select 'Online Term Deposit' and choose the desired FD type
Enter the necessary details and confirm
Receive a confirmation post successful transaction

2) Offline Process:

Visit the nearest branch
Submit an FD application form with the necessary documents
The FD account gets activated after processing

Eligibility for Central Bank of India FD Account

Joint accoun

Bank of Baroda (BOB)

Key Features and Benefits of Bank of Baroda Fixed Deposits

Bank of Baroda FD Interest Rates 2024

Types of Bank of Baroda FD Schemes

Baroda Tax Savings Term Deposit Account

Baroda Suvidha Flexible Fixed Deposit Scheme

Monthly Income Plan (MIP)

Quarterly Income Plan (QIP)

Motor Accident Claims Annuity Deposit (MACAD)

Capital Gain Account Scheme (CGAS), 1988

Baroda Advantage Fixed Deposits (Non-Callable)

NRO Non-Callable FD

NRE Rupee Fixed Deposits

NRO Rupee Fixed Deposits

Resident Foreign Currency Accounts

Rupee Linked Foreign Currency Deposit Scheme

Foreign Currency Linked Rupee Deposits (FCLRD) Scheme

Foreign Currency Non-Resident B Term Deposit Scheme

Steps to Open a Fixed Deposit Account at Bank of Baroda

Eligibility Criteria for Fixed Deposits at Bank of Baroda

Required Documents for Bank of Baroda FDs

Policy for Premature Withdrawal

How can I open a Bank of Baroda fixed deposit account online?

Are there special benefits for senior citizens in these FD schemes?

Can I secure a loan against my fixed deposit at Bank of Baroda?

What is the process for premature withdrawal of an FD?

What documents are required to open an FD account?

Understanding the Occupancy Certificate (OC)

What is a possession letter in real estate?

What is the function of the occupancy certificate (OC)?

Why is conditional acceptance during handover important?

How is an occupancy certificate obtained?

What should buyers do if a property lacks a valid OC?

Eligibility for RD at ICICI Bank

Required Documents

Identity Proof (choose one):

Address Proof (choose one):

Types of ICICI Bank RD Schemes

1. Delightful Deposits RD

2. Croma iSave2Buy Plan

3. MakeMyTrip Holiday Savings Plan

4. Tanishq Jewellery Plan

5. Thomas Cook Holiday Savings

6. iWish Recurring Deposit

ICICI Bank RD Premature Withdrawal

Tax Exemptions on ICICI Bank RD

Opening a Recurring Deposit Account in ICICI Bank

Calculating Maturity Amount on ICICI Bank RD

How can I open an RD account at ICICI Bank?

What are the interest rates for ICICI Bank RD schemes?

What documents do I need to open an RD account?

How is the maturity amount on an ICICI RD calculated?

What penalties apply for premature withdrawal of an RD?

Mutual Funds in India

Income Funds

What are mutual funds and how do they function?

How can I start investing in mutual funds in India?

What distinguishes income funds from other mutual fund types?

What are the key benefits of investing in mutual funds?

How can I evaluate the risk associated with a mutual fund scheme?

Axis Bank Limited

Key Features of Axis Bank Fixed Deposits

Axis Bank FD Interest Rates 2024

Types of Axis Bank FD Schemes

Standard Fixed Deposits:

Tax Saving Fixed Deposits:

Special Term Deposits:

Fixed Deposits for Regular Income:

Senior Citizen Fixed Deposits:

Flexible Fixed Deposits (Flexi FDs):

Corporate and Alternative Fixed Deposits:

Fixed Deposits for NRIs:

Long-term & Short-term Fixed Deposits:

Opening an Axis Bank Fixed Deposit

1) Online via Internet Banking:

2) In-Person at a Branch:

Who Can Open a Fixed Deposit Account?

Documents Required

Early Withdrawal Terms

What is the minimum deposit to open an Axis Bank FD account?

Schemes

Stock Market

Mutual Funds

Gold Live Rates

Silver Live Rates

Loans

Credit Cards

Tools & Calculators

Company

Help

Mastering e-BRC: Streamline Your Export Transactions

Summary

Frequently Asked Questions

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