What are the investment options available in the bank?

When it comes to creating assets, banks can be a great help, especially for beginners. While some in-house investment services are targeted at high-net-worth individuals, there are plenty of tangible asset creation options available at the bank, such as:

Recurring deposit account: You invest a fixed amount at regular intervals with a set time limit, and you can’t change the deposit amount or time.

Fixed deposit account: By keeping a sum of money invested in a fixed deposit account, you can earn attractive interest rates offered by the bank.

Public Provident Fund (PPF) account: A PPF account is a government-supported scheme that provides a decent interest rate for your savings.

The Institute of Chartered Accountants of India (ICAI) is a statutory body established by an Act of Parliament, viz. The Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949) for regulating the profession of Chartered Accountancy in the country. The Institute, functions under the administrative control of the Ministry of Corporate Affairs, Government of India. The ICAI is the second largest professional body of Chartered Accountants in the world, with a strong tradition of service to the Indian economy in the public interest.

The affairs of the ICAI are managed by a Council in accordance with the provisions of the Chartered Accountants Act, 1949 and the Chartered Accountants Regulations, 1988. The Council constitutes of 40 members of whom 32 are elected by the Chartered Accountants and the remaining 8 are nominated by the Central Government generally representing the Comptroller and Auditor General of India, Securities and Exchange Board of India, Ministry of Corporate Affairs, Ministry of Finance, and other stakeholders.

Visit The ICAI Website

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