HDFC Bank has revised the average quarterly balance (AQB) requirements of various deposit accounts. In case of regular savings account, the minimum AQB to be maintained will be Rs 10,000 and Rs 5,000 for urban and rural branches, respectively. For kid’s advantage accounts and senior citizen accounts, this figure stands at Rs 5,000 across branches. These changes will come into effect from April 1, 2010, for its existing accountholders. Earlier, the bank had revised rates for its new customers as well.
Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300 Real Returns in Investing A Anil Singh (name changed), 44, works with a private company and believes in investing his entire savings in fixed deposits. His financials from the year 2000 till date is given in the table. Anil's savings in FDs gave him an average return of around 8%. The total amount saved over the 174 months (From January 2000 to June 2014) is Rs 49.80 lakh. The value of his investment today is around Rs 66.71 lakh. Naveen Singh (name changed), 44, works in a similar profile like Anil. However his expenses were on the higher side. His financials are as in the table. Naveen invested only in equities. The total amount saved over the 174 months (From January 2000 to June 2014) is Rs 38.40 lakh. The v...
