Debt mutual funds are still a better tax-efficient alternative to bank fixed deposits, providing investors with superior net-of-tax returns. The deferred tax incidence, the ability to set off losses, and easy liquidity add...
The hike in bank home loan rates in line with the Reserve Bank of India’s (RBI) repo rate increase has made houses in the Rs 30 lakh segment unaffordable for most buyers
For those seeking higher interest rates through special fixed deposits, here is a list of such special FDs that are set to expire on March 31, 2023. Since many such schemes are coming to an end, many banks have introduced...
The State Bank of India on April 12, 2023, reintroduced its 400 days fixed deposit scheme ‘Amrit Kalash’ till the end of June 30, 2023. Previously, it had launched the scheme in February 2023 for a limited period ending...
Borrowers should prepay their loans using their annual bonuses or savings. They can also transfer the loan to another bank or NBFC offering lower rates.
FD laddering means splitting your fixed deposit into smaller chunks with different tenures instead of one large FD
With inflation hovering around 6 per cent, the 3-4 per cent interest rates on most savings accounts hardly provide any relief. So, here’s what you can do
For the fortnight to January 13, 2023, credit growth rose 16.5 per cent annualised as against 10.6 per cent growth in deposits
IDFC FIRST Bank is the latest to hike the interest rates for saving deposits after the RBI's repo rate hike. IndusInd Bank has increased the interest rates for...
SBI has increased the interest rates on domestic term deposits; seniors stand to benefit the most, due to a scheme and premium offered by the bank. Read on to...
The measures taken by PSB to address potential delinquency include renewed focus on retail, agriculture and MSME sectors while learning from past mistakes in...
Several banks have increased their fixed deposit rates recently. Senior citizens get an increased rate on such deposits. But does it make sense to invest in...
As banks hiked deposit rates on the back of a hike in interest rate and repo rate by the Reserve Bank of India (RBI), and inflation continues to soar, you must...
RBL Bank has rolled out a special fixed deposit scheme for super senior citizens aged 80 years and above. They will now earn an extra 0.75 per cent per annum...
Being the most-preferred investment instrument among the people in India, FDs are known to give steady interest with no market-related risks attached to them
Returns from investments must beat inflation. Otherwise, the investor loses money. Here are two investments that can help you beat inflation.
FD-Backed credit cards are a viable option for people, including those belonging to Gen-Z, who have no credit score. But if you let the debt spiral, you may...
Rs 5 lakh protection adds to the safety that fixed deposits (FDs) offer but avoid making a decision based solely on higher interest rates that some banks offer...
While FD rates are going up, you should know a few things before deciding to invest in them, so that you can get maximum returns on them. The real returns on...
With FD rates at an all-time low, inflation and tax outgo will erode your investment. This may hit senior citizens the most.
