Defense Finance and Accounting Services (DFAS) Overview: An agency of the U.S Department of Defense, the Defense Finance and Accounting Service (DFAS) is responsible for administering finance and accounting services for the military and other members of Defense.
Best Answer: There is no limit to keep funds in your Savings and Current Account. But it will be advisable to keep funds in fixed deposit account if these are surplus for longer period.
See what the new 2017 IRS rules mean for your retirement savings. It has been years since the amount you can sock away in your 401(k), 403(b) and most government plans has increased. In 2017 the contribution limit to these plans will be the same as in the previous two years: $18,000, plus a $6,000 catch-up contribution for those 50 and older. IRA investors have been stuck with the same $5,500 limit for five years -- plus a $1,000 catch-up contribution.