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What Is Savings Account?

Thursday, January 28, 2016 by Indian Real Estate News

 

What Is Savings Bank Account?

 

In a standard savings account, the depositor or the account holder is free to make deposits and debits as desired under certain conditions. The credit balance fetches interest charges at bank rates periodically, computed on a quarterly basis. In most of the cases, the bank may prescribe maintenance of a minimum balance in the account, failing which, a nominal penalty in the form of monetary charges will be applicable.

The utilities and benefits of operating a savings bank account has evolved over the last few decades. What used to be a pure play product strictly aimed at mobilising savings is now a multi purpose apparatus helping millions with their day to day banking activities.

Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saving Mutual Funds to invest in India for 2016 or Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

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