Smart Strategies for Investing in Mutual Funds: A Guide to Maximising Your Returns One of the most well-liked investing options for people looking for expert management and diversification without having to choose individual equities is a mutual fund. One of the easiest ways for people to accumulate wealth over time is through mutual fund investments. Mutual funds combine the capital of numerous individuals to invest in a diverse portfolio of stocks, bonds, and other securities, in contrast to direct stock market investing, which necessitates considerable time, study, and risk tolerance. Mutual funds are a well-liked option for both new and experienced investors due to their expert management and diversification. But merely investing in a mutual fund and crossing your fingers seldom yields the best outcomes. A comprehensive approach that matches the appropriate fund selection and management strategies with your financial objectives, risk tolerance, and investment timeline is nece...
At present, there are many such
banking facilities which are used by almost every customer and fees are charged
from the customers for this. But very few people know about it. Till then the
use of SMS facility, minimum balance, ATM and cheque, the bank charges you
money. But from now on you will have to pay fees for depositing your money in
banks and withdrawing.
Bank of Baroda has also started this.
Bank of India, PNB, Axis and Central Bank will make a decision on this soon.
From next month i.e. November 1, 2020, customers will have to pay a separate
fee for banking beyond the limit. It is to be noted that Bank of Baroda has set
different fees for deposit and withdrawal of current account, cash credit limit
and overdraft account and deposit withdrawal from a savings account. From next
month, the customer will have to pay 150 rupees for loan account after three
times in a month.
If you talk about a savings account,
it will be free for such consumer to deposit up to three times, but if the
account holder deposited the money for the fourth time, then they will have to
pay 40 rupees. Not only this, banks have not provided any relief to senior
citizens also. Jan Dhan account holders got some relief in this. They will not
have to pay any fee on deposit but will have to pay 100 rupees on withdrawal.
Let us tell you how much will be
charged on deposits and withdrawals for CC, current, overdraft and savings
account holders from November 1, 2020.
Such a fee will have to be paid for CC, current and overdraft accounts.
- If CC, current and overdraft
consumers deposit up to one lakh rupees per day, then this facility will be
free. But if you deposit more than this, banks will charge you money.
- On depositing more than one lakh of
such consumer, one rupee will be charged on one thousand rupees. The minimum
and maximum limits for this have been fixed at Rs 50 and Rs 20 thousand
respectively.
- If the customer withdraws money
thrice in a month from CC, current and overdraft accounts, then no fee will be
charged from the customers.
- On withdrawal of the fourth bar, a withdrawal fee of Rs 150 will be charged from the consumer.
Such a fee has been prescribed for savings account holders.
- Up to three times the deposit has
been a fixed fee for the savings account holders.
-However, for the fourth time,
account holders will have to pay a fee of Rs 40 for each time they deposit
money.
-If you talk about withdrawal, then
customers will not be charged for withdrawing money from the account up to
three times each month.
- But for the fourth time, it will be
mandatory for the account holders to pay 100 rupees every time.
Banks also charge folio charges from the customer
Banks earn huge money in the name of
folio charge. Banks charge up to Rs 200 per page for laser folios from the consumer.
Laser folio is charged by the bank on CC or OD on any type of loan.
Comments
Post a Comment