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...
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 ...