Know Your Customer (KYC) is a one-time process that verifies an investor’s identity before making mutual fund investments. To check your KYC status, you must visit a SEBI-registered KRA website like CVL KRA, NSE KRA, or CAMS KRA and enter your PAN number. Once you're KYC-verified, you can invest seamlessly across any mutual fund platform without repeating the process.What is KYC (Know Your Customer)?Know Your Customer (KYC) is a verification process carried out by financial institutions to confirm the identity of their customers. It helps reduce the risk of illegal financial activities like money laundering. As part of regulatory compliance, KYC is mandatory before carrying out any financial transaction, especially for opening bank accounts or investing in mutual funds.Why is KYC Necessary for Mutual Fund Investments?The primary objective of KYC is ensuring that deposits/investments are made in the name of a real person.

IDFC FIRST Bank offers competitive interest rates of up to 7.25% per annum, credited monthly. With zero-fee banking options, multiple account types, and digital account opening, it’s an ideal choice for both salaried individuals and senior citizens. Learn about interest slabs, account types, balance requirements, and how to open your account online in this comprehensive guide.What is an IDFC First Bank Savings Account?IDFC First Bank savings account is a high-interest savings account. Compared to a standard savings account, this account offers you better returns on your savings account balance. With this account, IDFC First Bank offers zero-fee banking and a monthly interest credit.

HSBC Bank offers a savings account interest rate of 2% per annum on balances up to ₹10 crores and 2.5% per annum on balances above ₹10 crores. These accounts provide international banking benefits, digital access, and multiple account types tailored to different customer needs. HSBC Bank savings accounts have an Average Quarterly Balance (AQB) requirement of ₹1.5 lakhs for general customers and ₹10,000 for senior citizens.This article explains the interest rates, minimum balance rules, account types, features, and how to open an account in 2025.What is an HSBC Savings Account?HSBC provides different types of savings accounts—including regular, premier, and zero-balance (BSBDA) accounts—designed to meet the needs of salaried individuals, senior citizens, and global customers. An HSBC Bank savings account provides several services, such as a Nomination facility, domestic and overseas debit cards, and a free pass book for ease of transaction. HSBC bank’s eligibility criteria depend on how you hold and manage different savings accounts. Since each account has different operating mandates, the eligibility criteria must be maintained separately.Types of Savings Accounts in HSBCGiven below are all the types of HSBC Bank savings accounts:Account TypeKey FeaturesHSBC Basic Savings AccountStandard banking facilities, domestic & international debit card, AQB of ₹1,50,000HSBC Premier AccountGlobal Premier status, TRB of ₹40 lakh or ₹3 lakh monthly salary, seamless international accessHSBC BSBDA AccountZero balance account, basic banking services, free chequebook, internet & phone bankingHow Much Minimum Balance is Required in HSBC Bank?Given below is the minimum balance requirements for HSBC Bank savings accounts:Type of Account HolderMinimum Average Quarterly Balance (AQB)General Customer (below 60)₹1,50,000Senior Citizen (60 and above)₹10,000HSBC BSBDA Account₹0 (No minimum balance required)HSBC Premier Account₹40,00,000 Total Relationship Balance (TRB) or ₹3,00,000 monthly salary accountIf a person fails to maintain the Average Quarterly Balance, they are liable to a 1% service charge on the outstanding amount.Features and Benefits of HSBC Savings AccountHere is a list of features of the HSBC Bank savings account.Nomination facility: HSBC Bank offers a nomination facility to provide internet banking services.

Federal Bank offers a range of savings accounts with interest rates starting from 3% per annum and flexible minimum balance requirements. Whether you're looking for a zero-balance account or one that rewards higher balances with better rates, Federal Bank caters to diverse financial needs. Federal Bank savings accounts provide you with digital banking access, debit card benefits, and customised options for women, youth, and senior citizens.What is a Federal Bank Savings Account?A Federal Bank savings account is a secure deposit account that helps individuals grow their money while maintaining easy access to funds. It allows you to earn interest on your deposits and comes with features like ATM withdrawals, debit cards, internet and mobile banking, UPI services, and fund transfers.Federal Bank offers multiple types of savings accounts tailored to specific needs—whether you are a student, salaried individual, homemaker, or senior citizen. Some accounts require a minimum balance, while others, like the BSBDA and Yuvamitra accounts, offer zero-balance facilities.

The DCB Bank saving account interest rates go up to 6.00% p.a., making it one of the most competitive options in India. DCB Bank offers multiple account types with flexible minimum balance requirements—whether you're managing personal savings or seeking digital-first features. These accounts come with benefits like cashback, free ATM transactions, and digital banking access. Keep reading to explore the DCB Bank interest rates on saving account types, features, and how to choose the best one for your needs.What is a DCB Bank Savings Account?The DCB Bank savings account is a secure and convenient money-saving method. It enables an individual account holder’s savings to grow at competitive interest rates. The funds can also be accessed through online banking, mobile banking, and ATMs. The account also offers other distinguishing features such as bill payment, debit card issuance, free fund transfer, etc.

The Central Bank of India savings account offers interest rates ranging from 2.80% to 4.50% p.a. and caters to all customer segments with flexible minimum balance requirements. It provides secure savings, digital banking access, and multiple account types tailored for individuals, senior citizens, students, and low-income groups.Continue reading this blog to gain detailed insights about the Central Bank of India savings account, the rates it offers and more. What is the Central Bank of India Savings Account?Opening  the Central Bank of India savings account enables you to deposit money, earn attractive interest rates, and easily manage funds. The account also provides several facilities, such as online banking, ATM cards, and mobile banking services. Moreover, it has become easier for customers to access their money anytime and avail proper banking services. The Central Bank of India offers different types of savings accounts to meet the needs of salaried individuals, self-employed individuals, students, and senior citizens.

The Bank of Maharashtra savings accounts provides several categories of savings accounts, from regular to premium categories. Bank of Maharashtra savings accounts are tailored for youth, pensioners, women, and low-income groups. The bank offers secure banking with interest rates up to 2.75% per annum. Continue reading this blog to gain detailed insights about the Bank of Maharashtra savings account interest rate, its features, benefits, and more. What is a Bank of Maharashtra Savings Account?A Bank of Maharashtra savings account enables you to manage finances and earn interest on savings. You can deposit and withdraw money from this account anytime you want. Individuals who save regularly can choose to open this account. A Bank of Maharashtra savings account comes with ATM cards, passbooks, and internet banking services.

Bank of India offers a variety of savings accounts with competitive interest rates and flexible minimum balance requirements. You can choose from multiple account types tailored to your financial needs. Understanding the current interest rates and balance criteria can help you select the most suitable Bank of India savings account and maximize your financial benefits.​What is a Bank of India Savings Account?A Bank of India savings account is a deposit account that enables individuals to store funds securely while earning interest from the balance. Their range of savings account plans provides customers easy access to funds through online banking, ATM withdrawals, and chequebooks. These accounts are also easy to maintain and require a minimum balance.

The Employees’ State Insurance Corporation (ESIC) is a social security scheme that provides employees with medical and financial benefits in India. A 17-digit code is assigned to employers upon registration with ESIC. Employees receive a unique 10-digit Insurance Number (IP Number) upon registration.To find your ESIC Insurance Number:​Check your salary slip: Employers often include the Insurance Number on pay slips.​Refer to your ESIC card: If provided, the card will display your Insurance Number.​Contact your HR department: They can provide your Insurance Number from company records.​Visit the nearest ESIC office: Provide necessary identification to retrieve your Insurance Number.In this blog, we will explore the concept of an ESIC number, how it is used, its format, and various techniques for finding it.What is an ESIC Number?ESIC number, or Employee State Insurance Corporation number, is a 17-digit identification number given to people who are covered under ESIS (Employees State Insurance Scheme). Whether you are covered under the ESIS scheme depends on the company you work for or have worked for in the past. You will have one ESIC number registered in your name only once. This unique identification number remains the same regardless of how many times you change jobs. Uses of ESIC Insurance NumberThe ESIC number provided to you by ESIS offers you a lot of healthcare and other benefits.

The Rajasthan Labour Card is a government-issued document for construction workers that allows access to various welfare schemes. From healthcare and education support to housing and pension benefits, the card ensures social and financial protection for registered workers. To get these benefits, workers must register under the Building and Other Construction Workers (BOCW) Welfare Board. Rajasthan Labour Card TypesIn Rajasthan, there is no formal division of labour cards into multiple types like "building card" or "social card." Instead, registered construction workers under the Building and Other Construction Workers (BOCW) Welfare Board are issued a single labour card that makes them eligible for a wide range of welfare schemes. The benefits differ by scheme but are accessed through a single BOCW labour card issued to eligible workers in the construction sector.Benefits of Rajasthan Labour CardA labour card can enhance socio-economic status and ensure a better future for workers and their families. Here are certain benefits of a labour card in Rajasthan: Financial assistance for daughters’ marriage and educationHousing support for registered construction workersHealth benefits including maternity and critical illness aidInsurance coverage under national schemes like PMSBY and PMJJBYPension and old age assistanceReimbursement for skill development, coaching, and competitive exam preparationAid for purchasing tools and equipmentDocuments Required for Rajasthan Labour CardTo apply for a labour card under the Rajasthan Building and Other Construction Workers Welfare Board, the following documents are required:Aadhaar cardJan Aadhaar card or Bhamashah card (if available)Recent passport-size photographBank account passbook (first page)Mobile number linked to AadhaarProof of age (Aadhaar, birth certificate, or school certificate)Address proof (Aadhaar or any valid document)Work certificate showing at least 90 days of work in the last 12 months (issued by contractor/employer)Self-declaration or employment certificate attested by a registered contractor or employere-Shram card with valid UAN (if applicable)Eligibility Criteria for Rajasthan Labour CardTo become eligible for a Rajasthan labour card, the applicants need to fulfil specific criteria as prescribed by the Building and Other Construction Workers Welfare Board. Here are the eligibility criteria for a labour card in Rajasthan:Must be a construction worker engaged in building or other construction work as defined under the BOCW Act.Must be between 18 and 60 years of age.Must have worked for at least 90 days in the last 12 months in construction-related activities.Must be a resident of Rajasthan.Must not be a member of any other welfare board or fund.Aadhaar card must be linked with a mobile number.Must possess a bank account in the applicant’s name.Must be registered on the e-Shram portal with a valid UAN (Universal Account Number)How to Apply for Labour Card Online in Rajasthan?​To apply for a labour card in Rajasthan, follow these steps:​Visit the Rajasthan Labour Department's official portal.​Navigate to the 'Registration/Renewal' section.​Select the appropriate registration form under the BOCW Act.Fill in the required details and upload the necessary documents.​Submit the application and note the acknowledgment number for future reference.How to Apply for Labour Card Offline in Rajasthan?​To apply for a Rajasthan labour card using the offline method, follow these steps: Visit the nearest Labour Department office or the office of the Building and Other Construction Workers Welfare Board in your district.​Obtain the application form for registration under the BOCW Act.​Fill out the form with accurate details and attach the required documents.Submit the completed application to the office.​Collect the acknowledgment receipt for tracking purposes.How to Check the Rajasthan Labour Card Registration Status?​To check the status of your Rajasthan labour card registration, follow these steps:​Visit the Rajasthan Labour Department's official portal.​Navigate to the 'Registration/Renewal' section.​Click on 'Verify Registration No./License No./Application Status'.​Enter your application number and submit to view the current status.Rajasthan Labour Card Renewal​To renew your Rajasthan labour card, follow these steps:​Visit the Rajasthan Labour Department's official portal.​Use your Single Sign-On (SSO) ID to access the Labour Department Management System (LDMS).Once logged in, select the 'Registration/Renewal’ option under the relevant labour act.Review and update your personal and occupational details as necessary.Attach required documents, such as proof of continued employment and identification.After ensuring all information is accurate, submit the renewal application.Pay the applicable renewal fee online.