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How to Pick Mutual Funds That Beat the Market

  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...

Gold Deposit Scheme

  Buying gold and investing gold has been the first choice of Indians. Gold has been seen as a good investment option for a long time. Those who invest in gold consider it safe to keep their gold at home. But, keeping your gold in banks also has its benefits. However, even today people do not want to hand over the gold to anyone else, even if it is a bank. At the same time, the government and banks of the country constantly appeal that keep your gold safe with the banks.   Gold deposit scheme in HDFC bank and the country's largest bank SBI also benefits under a scheme for those investing in such gold.   State Bank of India (SBI) has two major benefits of Gold Deposit Scheme. First of all, it is the responsibility of the bank to keep your gold safe in banks. At the same time, it can also be earned through it. Generally, the consumer feels that his gold is kept only in banks. But, the reality is that gold is also earned on gold kept under a certain scheme. Let us know w...

SBI's gift to customers | Now savings account holders will not have to pay any charge for not keeping SMS alerts and average minimum balance

  The country's largest bank, State Bank of India (SBI), has gifted its savings account holders on the occasion of 74th Independence Day. SBI has exempted its savings account holders from various types of charges. SBI gave this information through a Twitter account on 15 August. According to this, these customers will no longer have to pay fees for not keeping SMS alerts and minimum balance.   The bank has now abolished the charge levied for backing service messages on the mobile number registered with the customer's account. Now the customer will not have to pay any charge for this. SBI has divided its branch into three categories. These include metro-urban, semi-urban and rural areas. SBI has an average minimum balance of Rs 3,000 for branch customers in cities. If a customer does not maintain a balance of Rs 3,000 in his account and if it falls below 50% (Rs 1,500), then he had to pay Rs 10 and GST as a fee. If the balance in your account falls below 75%, then you will ...

SBI Small Account: this account can be opened without any documents, know what is the process

In 2014, the Reserve Bank of India (RBI) made it clear through a circular that any person can open a "Small Bank Account" without any documentation. According to the Reserve Bank of India, anyone can apply for a Small Attached Photograph and Small Bank Account by giving a signature or thumb impression in front of a competent officer of the bank. The KYC rules have been relaxed to connect more and more people to the banking system of the country. The country's largest bank State Bank of India (SBI) also offers Small Bank Account for its customers. According to the bank's website, anyone over the age of 18 can open 'Basic Savings Bank Deposit Small Account' or 'SBI Small Account' of SBI. Let's know some key things related to SBI Small Account: After opening SBI Small Account, you do not need to maintain any minimum balance. You can keep up to a maximum of Rs 50,000 in your account at one time. Transactions up to a maximum of Rs 1 lakh can be done thr...

State Bank of India launched 'Pension Seva' website for pensioners

The country's largest bank State Bank of India has launched a Pension Seva   website for pensioners. Now, by logging on to this website, customers can get information about their pension. Now, you will not have to go to the bank for many tasks like finding the pension profile and transaction details. SBI has named this website 'SBI Pension Seva'. This will benefit 54,000,00 pensioners of SBI.   In this pension portal of the State Bank of India, pensioners have been given the facility to do this work. Downloading the calculation sheets, download pension slip/form 16, extracting pension profile details, extracting investment-related details, finding life certificate status, extracting transaction details.   It is quite easy to use. In order to avail the Pension Seva (service) website, the customer has to first register. For this, he has to go to https://www.pensionseva.sbi/. Click on the registration tab at the top here. Create a user ID with a minimum of 5 characte...

SBI reduces interest rates on FD, know latest rates of SBI, HDFC Bank and ICICI Bank

The country's largest bank SBI has reduced the interest rate on Fixed Deposit (FD) this month. The bank has cut the interest rate on FD of different duration from 0.10 per cent to 0.50 per cent for less than two crore rupees. These fresh rates announced by the State Bank became effective from March 10, 2020. After the recent revision, the bank will now pay interest at the rate of 4%, 5% on FD of seven days to 45 days, 46 days to 179 days. At the same time, interest on FD of less than one year from 180 days is getting interest of 5.50%. The FD for a period of one year to ten years is getting interest at the rate of 5.90%. Senior citizens get 0.50 per cent more interest than ordinary people. Banks fix their FD rates based on the repo rate and other benchmark rates set by the Monetary Policy Committee of Reserve Bank of India (RBI). Top banks like SBI, HDFC Bank and ICICI Bank offer FDs ranging from seven days to 10 years. In such a situation, if you are thinking of ...