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Hi Thakurani,
I want to deposit in my account
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1 Deposit money with Thakurani
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2. Account Number - 0627002100264648
3. Bank Name - Punjab National Bank
4. IFSC Code - PUNB0062700
5. ACCOUNT TYPE - CURRENT
6. Branch - Naraina Vihar
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Query Details

Asked by Lalita on :Apr. 19, 2018

With everyday passing by, I see that banks are re…

With everyday passing by, I see that banks are reducing their interest rates on deposits with them.…

With everyday passing by, I see that banks are reducing their interest rates on deposits with them. I think people should stop making fixed deposits. Instead, they should loan it to someone reliable at a better rate. What do you say, is it possible to do?

0

Kanishka Apr. 19, 2018

Yes, it is possible and permissible by law. However, you should keep two things in mind. 1. Deposits with the bank are safe and highly liquid. And 2. On first Rs10000 of interest on saving bank account no income tax is charged (u/s 80TTA)

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Harassing: Disrespectful or rude towards a person or a group. Spam: Promotes an undisclosed link or product or service. Ingenuine: Not seeking genuine answers. Rotten: Vulgar, Obscene, abusive etc... Alien: Not a post on law or business. Plagiarism: Copied from other website or source and pasted here. Unformatted: Has bad format, grammar, spelling so requires moderatation.

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