WebThere are three types of accounts NRI/PIO can hold-NRO, NRE and FCNR B. NRO and NRE accounts are designated in Indian Rupees and can either be savings or current or term deposit accounts. FCNR B are only term deposit accounts for a minimum of 1 year and a maximum of 5 years. These are foreign currency deposit and the interest is LIBOR … WebJul 1, 2024 · Public Provident Fund Scheme. 7.1 % per annum (compounded yearly). Minimum INR. 500/- Maximum INR. 1,50,000/- in a financial year. Deposits can be made in lump-sum or in instalments. Channel of Subscription/Opening of accounts: - Through all Branches, Mobile Banking & Internet Banking. (i) a single adult by a resident Indian.
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WebReserve Bank of India also works as a central bank where commercial banks are account holders and can deposit money. RBI maintains banking accounts of all scheduled banks. Commercial banks create credit. It is … if you think someone is about to faint
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