Purpose of the Sukanya Samridhi Yojana is to save money for girl child marriage for her higher education or marriage under scheme Beti bachao Beti padao. Account can be opened for a girl below 10 years of age under guardianship of parent or legal guardian. Address proof and photo id proof of guardian is required […]
Continue ReadingCredit card- Efficient cashless tool
No need to carry cash,but facility to withdraw cash in emergency. Easy to use,provides facility of short term interest free loan,gives flexibility to manage your expenditure,freedom as gives grace period for repayment. Flight tickets,mobile recharge etc cant be booked via cash on delivery. Various offers such as discount given by flipkart,amazon etc on credit cards,surcharge […]
Continue ReadingPublic Provident Fund- Tax benefit for the citizens
Account can be opened by any individual who has citizenship of india(not for NRI),minor can also open account under guardianship. Account can be opened in any bank(nationalized or private) or in post-office. Only one account for a individual. Account has to be maintained for at least 15 years,after that individual can close the account or […]
Continue ReadingCheque- A useful tool
Cheque is an instrument used in banking for the transfer of amount from one account to another account or to get cash directly. A small description about the cheque- Name of party(to whom the payment is to made)is written on top. Amount is written in words as well as in figure, in case of descrepancy, […]
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