Have you ever pondered over questions such as “What’s the interest rate payable on my Savings or Current Account balances?” or “What happens if I opt for a premature withdrawal of my Fixed/Term Deposits?” or “What happens to an account that I no longer operate?” etc., then this Master Circular on Interest Rates on Rupee Deposits published by the Reserve Bank of India is a must read for you. Spend some time with this material and increase your knowledge on how the most commonly used financial instruments work.
Awareness Fridays is my initiative to spread awareness on topics relevant to personal finance — every Friday. I urge you to take some time off and absorb this information — it’s pretty useful. And, as always, do spread the word if you find this useful.
Further reading:
- Awareness Fridays: Payment of Interest on Savings Bank Accounts Will Now Be On a Daily Product Basis
- Awareness Fridays: How to Identify Genuine Rupee-denominated Currency Notes
- Awareness Fridays: Understanding Your Salary Slip and Income Tax Computation
- Awareness Fridays: One Good Reason to Stop Carrying Your Credit Card in Your Wallet
- Awareness Fridays: Your Level of Financial Awareness Determines the Financial Deals You Get
{ 0 comments… add one now }