Archive for July, 2011

July 7, 2011

SIDBI Offering Annualized Return of 9.48% on Fixed Deposits

The SIDBI has announced on today (Wednesday) its plan of offering fixed deposit investment opportunities  to  the general investors as well as the bulk depositors. The most important point of this offer is that it will offer an annualized return of 9.84 per cent on its 12-13 months fixed deposit scheme. SIDBI has plans to offer many more investment horizons but with different returns.

Out of all the schemes 12-13 month scheme offers the highest return. In case of senior citizens the return is even higher than other investors. On the 12-13 month scheme the senior citizens will earn an annualized yield of 10.38 per cent. The minimum deposit amount is Rs 10,000 and in multiples of Rs 1,000 thereafter.

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July 2, 2011

Track Your Provident Fund Account Information Online

Now it is possible to track the whole information about the PF account online as per the new initiatives of Employees’ Provident Fund Organization. The Employees’ Provident Fund Organization (EPFO) has provided a link on its website , that enables members to get their PF investment balance update as SMS alert on their cellphones. Members only need to furnish their respective PF account numbers to avail of this facility. EPFO had been conducting an internal trial of this software for the past two months.

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