Fixed Deposits

[mbabu2579]

Which indian bank gives max on Fixed deposits. want to make some fixed bonds to brothers kids for a minimum amount INR 50,000?

Please suggest

[Spartan]

if it is baby girl..do it in post office on moms name..which will go to baby girl after 18 years... 

Sukanya Samriddhi Accounts

https://www.indiapost.gov.in/Financial/Pages/Content/Post-Office-Saving-Schemes.aspx

[mbabu2579]

Just now, Spartan said:

if it is baby girl..do it in post office on moms name..which will go to baby girl after 18 years... 

Do you know what would be the rate ? i remember my grandmother did it for us , i dint know this system still exists for post offices..thank you

[Spartan]

1 minute ago, mbabu2579 said:

Do you know what would be the rate ? i remember my grandmother did it for us , i dint know this system still exists for post offices..thank you

8.1% 

[Kool_SRG]

Fixed deposits lo peddaga emi raavu bhayya.. Also interest on it is taxable. 

Else if you want to invest it for say long period say 15 yrs with out taking out open a PPF (public provident fund). It has 15 lock in period. 

15 yrs taravaata mature avvudi interest on it is not taxable and you can claim income tax exemption up to 1.5 Lakh per year. 

Minimum entha ledanna 8% interest vastadi.. You can invest atleast 500 in one go till 1.5 lakh per year.. Interest in deposited to the accounts after FY end.. 

Ippudu banks provide online option to open and transfer money to PPF account even Post Office have PPF.. 

[Kool_SRG]

29 minutes ago, Spartan said:

8.1% 

6.8 - 7.6% that also depends on tenure. 

[Spartan]

1 minute ago, Kool_SRG said:

Fixed deposits lo peddaga emi raavu bhayya.. Also interest on it is taxable. 

Else if you want to invest it for say long period say 15 yrs with out taking out open a PPF (public provident fund). It has 15 lock in period. 

15 yrs taravaata mature avvudi interest on it is not taxable and you can claim income tax exemption up to 1.5 Lakh per year. 

Minimum entha ledanna 8% interest vastadi.. You can invest atleast 500 in one go till 1.5 lakh per year.. Interest in deposited to the accounts after FY end.. 

Ippudu banks provide online option to open and transfer money to PPF account even Post Office have PPF.. 

PPF is max 7.6% that too for senior citizens... 

8.1% is the highest now offered by post office only and that too this scheme..

[Spartan]

1 minute ago, Kool_SRG said:

6.8 - 7.6% that also depends on tenure. 

posted the link above man check it...

ma tammudi daughter ki vesa...two years avutundi..  8.1% vestunnadu two years ki 

[Kool_SRG]

1 minute ago, Spartan said:

PPF is max 7.6% that too for senior citizens... 

8.1% is the highest now offered by post office only and that too this scheme..

Ippudu 7.6 ki changed and is for all also interest gets compounded in PPF and interest meeda tax padadu but fixed deposit ala kaadu ga.. 

[Kool_SRG]

3 minutes ago, Spartan said:

posted the link above man check it...

ma tammudi daughter ki vesa...two years avutundi..  8.1% vestunnadu two years ki 

K.. 

[Spartan]

Just now, Kool_SRG said:

Ippudu 7.6 ki changed and is for all also interest gets compounded in PPF and interest meeda tax padadu but fixed deposit ala kaadu ga.. 

Rate of interest 8.1% Per Annum(with effect from 1-01-2018),calculated on yearly basis ,Yearly compounded.

Minimum INR. 1000/-and Maximum INR. 1,50,000/- in a financial year. Subsequent deposit in multiple of INR 100/- Deposits can be made in lump-sum No limit on number of deposits either in a month or in a Financial yearSalient features including Tax Rebate

• A legal Guardian/Natural Guardian can open account in the name of Girl Child.
• A guardian can open only one account in the name of one girl child and maximum two accounts in the name of two different Girl children.
• Account can be opened up to age of 10 years only from the date of birth. For initial operations of Scheme, one year grace has been given. With the grace, Girl child who is born between 2.12.2003 &1.12.2004 can open account up to1.12.2015.
• If minimum Rs 1000/- is not deposited in a financial year, account will become discontinued and can be revived with a penalty of Rs 50/- per year with minimum amount required for deposit for that year.
• Partial withdrawal, maximum up to 50% of balance standing at the end of the preceding financial year can be taken after Account holder’s attaining age of 18 years.
• Account can be closed after completion of 21 years.
• Normal Premature closure will be allowed after completion of 18 years/provided that girl is married.

[Kool_SRG]

Just now, Spartan said:

Rate of interest 8.1% Per Annum(with effect from 1-01-2018),calculated on yearly basis ,Yearly compounded.

Minimum INR. 1000/-and Maximum INR. 1,50,000/- in a financial year. Subsequent deposit in multiple of INR 100/- Deposits can be made in lump-sum No limit on number of deposits either in a month or in a Financial yearSalient features including Tax Rebate

• A legal Guardian/Natural Guardian can open account in the name of Girl Child.
• A guardian can open only one account in the name of one girl child and maximum two accounts in the name of two different Girl children.
• Account can be opened up to age of 10 years only from the date of birth. For initial operations of Scheme, one year grace has been given. With the grace, Girl child who is born between 2.12.2003 &1.12.2004 can open account up to1.12.2015.
• If minimum Rs 1000/- is not deposited in a financial year, account will become discontinued and can be revived with a penalty of Rs 50/- per year with minimum amount required for deposit for that year.
• Partial withdrawal, maximum up to 50% of balance standing at the end of the preceding financial year can be taken after Account holder’s attaining age of 18 years.
• Account can be closed after completion of 21 years.
• Normal Premature closure will be allowed after completion of 18 years/provided that girl is married.

Good tax rebate kuda istunnara nice. 

[Mitron]

5 minutes ago, Spartan said:

PPF is max 7.6% that too for senior citizens... 

8.1% is the highest now offered by post office only and that too this scheme..

8.1% meeda tax kattali raja

[Spartan]

Just now, Mitron said:

8.1% meeda tax kattali raja

kids peru meeda untadi kabatti..u dont need to... 

rebate untadi. 

[Spartan]

1 minute ago, Mitron said:

8.1% meeda tax kattali raja

Deposits can be made in lump-sum No limit on number of deposits either in a month or in a Financial year

Salient features including Tax Rebate