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Saturday, January 9, 2016

Types of Savings Account

 

Types of Savings Bank Account

  • Regular Savings Account: A standard bank savings account option which comes with basic terms and rates. Maintenance of a min. balance at all times is a must.
  • Salary Based Savings Account: Offered to employees of recognised institutions/companies at specific terms and rates. As long as the employer credits salary into this account, account holder continues to receive special benefits such as the "zero balance".
  • Savings Account for Senior Citizens: Most of the banks provide exclusive banking privileges to senior citizens such as higher rate of interest coupled with other benefits.
  • Savings Account for Children & Minors: To encourage savings habit in children and to help them understand the nuances of banking. Accounts are maintained with some level of supervision from parents/guardian.
  • Exclusive Benefits Account for Women: A savings bank account designed for women with exclusive features and rates. Loans at special rates may be extended to women entrepreneurs on the basis of their savings account.
  • Zero Balance Savings Account: Offered to people from limited income group under various central and state government schemes.

In addition to the above, banks and institutions offer an array of savings account options based on specific criteria.

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Invest Rs 150000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

There are a lot of mutual funds that customers can choose from but some of the best Tax Saver mutual funds in India right now are:

Top 10 Tax Saver Mutual Funds to invest in India for 2016 or Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan
This list constantly under goes changes based on improvement or reduction in performance of the mutual fund. That could change the position of these funds among the top 10 Tax Saving Mutual Funds in India.

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

Invest Online

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For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

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