Under mis scheme, no deposit shall be withdrawn before the expiry of ___ from the date of deposit?

Banning of Unregulated Deposit Schemes Act, 2019 (Act No. 21 of 2019) Last Updated 1st August, 2019 [act3477] [Dated 31.7.2019.] Ministry of Law and Justice (Legislative Department) The following Act of Parliament received the assent of the President on the 31st July, 2019, and is hereby published for general information: - An Act to provide for a comprehensive mechanism to ban the unregulated deposit schemes, other than deposits taken in the ordinary course of business, and to protect the interest of depositors and for matters connected therewith or incidental thereto. Be it enacted by Parliament in the Seventieth Year of the Republic of India as follows: - CHAPTER I Preliminary 1. Short title, extent and commencement. - (1) This Act may be called the Banning of Unregulated Deposit Schemes Act, 2019. (2) It extends to the whole of India except the State of Jammu and Kashmir. (3) It shall be deemed to have come into force on the 21st day of February, 2019. 2. Definitions. - In this Act, unless the context otherwise requires, - (1) "appropriate Government" means in respect of matters relating to, - (i) the Union territory without legislature, the Central Government; (ii) the Union territory of Puducherry, the Government of that Union territory; (iii) the Union territory of Delhi, the Government of that Union territory; and (iv) the State, the State Government; (2) "company" shall have the same meaning as assigned to it in clause (20) of section 2 of the Companies Act, 2013;...

To report any cyber crime, please visit National Cyber Crime Reporting Portal https://cybercrime.gov.in or call helpline number 1930. Please be aware of the following : • Phishing is a deception technique where fraudster uses fraudulent emails to capture your personal sensitive information like passwords, CVV, Date of Birth, Debit Card/ Credit Card Number, address, expiry date, PIN etc. • Vishing (also known as Voice Phishing) is a deception technique where the fraudster uses a phone call to lure you into giving your personal confidential banking information. • Smishing is a deception technique where the fraudster uses Short Message Service (SMS) to send false message to lure you to call a phone number or visit a website for giving your personal confidential banking information. • Please don’t give any of your personal confidential credentials like PAN, Date of Birth, Account Number, Debit or Credit Card Number & its Expiry Date, Father/Mother’s Name, User ID, Password, PIN, CVV, OTP etc.upon receiving the Phishing, Vishing or Smishing. Our Bank never asks such information from customers. • • Update Aadhar • Get Your Form 16A • Digital Products PARAMETERS FEATURES* Eligibility Individuals, including illiterate, blind persons and joint account. The joint holder deposit receipt may be issued jointly to two adults or jointly to an adult and a minor, and payable to either of the holders or to the survivor. However, in the case of joint holder deposit, the deduction from income...

• SBI Tax Savings Scheme offers Tax benefits under Sec. 80C of Income Tax Act. • Type of Account : Term Deposit (TD) account / Special Term Deposit (STD) account. • Minimum period of deposit – 5 Years • Maximum period of deposit - 10 Years • Available at all branches. • Minimum deposit amount Rs. 1,000/- (and in multiples of Rs. 100/- thereafter for Senior Citizen Min Dep is Rs. 10000/- • Maximum deposit amount not exceeding Rs. 1,50,000/- in a financial year to take the advantage of 80C. • Rate of interest as applicable to Term Deposits for Public and Senior Citizens. • Payment of interest as applicable to Term Deposit/ Special Term Deposit • TDS is applicable at prevalent rate. Form 15G/15H can be submitted by the depositor to get exemption from Tax deduction as per Income Tax Rules. • Nomination available for individuals only • Loan facility not available during the lock in period of five years. • Transferability allowed among branches. • No deposit shall be encashed before expiry of 5 years from date of deposit except in case of death of depositor. Terms And Conditions • No term deposit shall be encashed before the expiry of lock in period of five years from the date of its receipt. • After completion of 5 years, premature closure will be allowed as per terms and conditions applicable to Term Deposit. • In case of death of account holder, the nominee/legal heirs can withdraw the deposit any time before or after maturity. • In case of death of first account holder in jo...

Post office schemes are a popular investment option in India, offering individuals a safe and reliable way to earn interest on their investments. These schemes are backed by the government, making them a low-risk investment option for those looking for a secure investment. In this article, we’ll take a closer look at the various post office schemes in India, including their interest rates, benefits, and returns calculator. We’ll also provide a comprehensive interest rate table to help investors choose the best scheme for their investment needs. Page Contents • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Latest Post Office Scheme Interest Rates Table in 2023 Latest Post office scheme interest rates table in 2023: Instruments Rateofinterestfrom 01.04.2023to30.06.2023 Compounding Frequency* Post Office Savings Account​​ 4.0 % Annually 1 Year Time Deposit 6.8 % Quarterly 2 Year Time Deposit​​ 6.9 % Quarterly 3 Year Time Deposit​​ 7.0 % Quarterly 5 Year Time Deposit 7.5 & Quarterly 5 Year Recurring Deposit Scheme​​ 6.2 Quarterly 8.2 % Quarterly and Paid Monthly Income Account​​ 7.4 % Monthly and paid 7.7 % Annually 7.1 % Annually 7.5 % Annually 8.0 Annually Latest Post office scheme interest rates table What are the Different Types of Post Office Schemes available? There are mainly 9 types of Post office schemes available to invest in, they are: • Post Office Savings Account(SB) • Post Office National SavingsRecurring Deposit ...

Indian Post Office has been touching the lives of the citizens in multiple ways be it by providing the social network to connect with people or to help them build capital. It offers attractive saving schemes, parking money in which earns good returns. The deposits are accepted under various saving schemes such as PPF, time deposits, RD etc. Also alike MIS scheme in banks, post office provides the facility of Monthly Income Scheme. The customer can open the deposit with the minimum amount of INR 1,000. The maximum amount acceptable under the scheme is INR 4,50,000 in the case of individual accounts and INR 9,00,000 for joint accounts. An individual can invest up to INR 4,50,000 in MIS including his share in joint accounts. The customer opening the deposit gets the benefit of regular monthly income. The details of the scheme and interest rate are as follows: POMIS Details Amount of Deposit Rate of Interest INR 1,000 - INR 9 lakhs 6.6% per annum payable monthly Post Office Monthly Income Scheme Calculator This calculator is specifically designed to assist the people in calculating the interest accrued on the deposit and amount of monthly interest that is to be credited to the depositor’s account. To know the monthly income, the customer has to insert the investment amount, tenure and interest rate in the calculator. After entering the relevant values in the calculator click on the submit button and the result will be displayed on the screen. Eligibility Criteria Any Indian Re...