1
vote
1answer
69 views

In India, what is the difference between Current Account and a Savings Bank Account?

Considering that Current Accounts in India give you no interest, why would anyone keep a current account open? Why not just use a Savings Bank Account? ATleast they give you some daily interest on the ...
0
votes
2answers
144 views

Starting an investment portfolio with Rs 5,000/-

I would like to start my investment portfolio with Rs 5,000/- every month. I am trying to find a scheme that gives me the flexibility to pull out my money really quickly (family emergency etc) and ...
2
votes
2answers
140 views

Where should I park my rainy-day / emergency fund?[INDIA]

I was looking at options for where I can put my emergency fund. I came across these questions during my search - #1 and #2 - which are specifically for U.S. and Canada. I want to know what options ...
4
votes
1answer
96 views

How often do Savings Banks in India pay interest?

As per my understanding, Banks in India are to run under the directives of the Reserve Bank of India. How often do they pay dividends on the interest that they offer on Savings bank accounts? Every ...
2
votes
4answers
237 views

Relation between inflation rates and interest rates

In Canada, as of the time of writing this question, the: Key interest rate is 1.00% (source) The inflation rate is 1.50% (source) In India, at the time of writing, the: Base interest rate is ...
1
vote
1answer
8k views

India Income Tax: Need to Pay Tax on Savings Account Interest for FY 2012-13 Or Not?

As per Indian Income Tax rules and regulations, for the Savings Account Interest accrued during the period of April 2012 to March 2013, do I need to pay any tax if it is less than Rs.10000? Or is it ...
4
votes
5answers
907 views

Moving back to India in a few years. Should I keep my savings account in the U.S. or in India?

My savings account in the U.S. says that it gives me an interest rate of 0.01% and it comes with a lot of restrictions (like limiting the number of transactions per month etc.), and checking account ...
3
votes
2answers
503 views

What are the monthy investment options I have that has good return value in India?

Like the title says, what are the investment options I have if I need to investment monthly from a part of my salary on regular basis. The parameters I am looking for are; Good percentage of ...