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A minimum yearly deposit of ₹500 is required to open and maintain a PPF account. A PPF account holder can deposit a maximum of ₹1.5 lacs in his/her PPF account (including those where he is the guardian) per financial year. There must be a guardian for PPF accounts opened in the name of minor children. Parents can act as guardians in such ...
Other similar government savings schemes in India include: Public Provident Fund (PPF), Post Office Fixed Deposit, Post Office Recurring Deposit, etc. [3] The certificates were heavily promoted by the Indian government in the 1950s after India's independence, to collect funds for nation-building
On 4 April 2022, HDFC Ltd announced that it would merge with HDFC Bank, marking India's largest-ever M&A deal. [24] [25] As part of the merger, HDFC Ltd would transfer its home loan portfolio to HDFC Bank, while the bank offered depositors of HDFC Ltd the choice of either withdrawing their money or renewing their deposits with the bank at the interest rate that the bank was then offering.
Many online banks offer no-fee and high-yield account options, making it financially beneficial for consumers to open an account online. Step 1: Choose the type of account you want.
Banks have to follow the RBI's know your customer guidelines to allow an individual to open a savings account. [ 7 ] Almost every bank deposit in India is insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC), to a maximum of ₹5,00,000 or their deposit amount, whichever is lower.
Delightfully chewy gnocchi, often made with potatoes, is considered both a type of pasta and a type of dumpling — depending on who you ask. Can it also be a healthier, more nutritious ...
Jared Leto is set to play another maniacal laughing villain on screen.. The actor, 52 — known for portraying The Joker in Suicide Squad and Zack Snyder's Justice League — has been cast as ...
IPPB offers savings accounts, money transfer and insurances through the third parties, bill and utility payments. [2] [11] [12] The bank also provides features like: Account: The bank offers savings and current accounts up to a balance of ₹2 Lakh.