A Complete Banking Guide... Bank of Baroda, Allahabad Bank, Andhra Bank, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Dena Bank, ICICI Bank, IDBI Bank Limited, Indian Bank, Indian Overseas Bank,, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, State Bank of India, UCO Bank, UTI Bank Ltd., Union Bank of India, United Bank Of India, Vijaya Bank, Yes Bank, Mutual Funds, Income Tax
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Senior citizens can earn higher interest on bank fixed deposits. These deposits provide flexibility, laddering technique benefits, and tax-saving advantages under Section 80C with a five-year lock-in period.
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Prime Minister Narendra Modi celebrated the 10th anniversary of the Jan Dhan Yojana, emphasizing its impact on financial inclusion. Since its 2014 launch, the scheme has opened over 53 crore bank accounts and enabled Rs. 39 lakh crore in direct transfers.
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The Reserve Bank of India has announced early redemptions for 30 series of Sovereign Gold Bonds maturing between October 2024 and March 2025. Investors can opt for premature withdrawal as detailed in the RBI's redemption calendar.
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Currently favorable FD rates make it an excellent time to invest before RBI's anticipated rate cuts. The article provides a list of the top 5 banks offering the highest FD returns for different tenures. Experts advise investors to seize this moment to lock in the attractive interest rates.
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