Fri, Jan 03, 2025
Compare SIP and FD to determine the better option for investing Rs 8,00,000 over 5 years. Understand returns, risks and benefits.
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Tue, Dec 31, 2024
A 3-year Fixed Deposit (FD) can be a choice for people who don’t need immediate returns but want them within a few years. It also offers an option for monthly income for 3 years if selected. Before investing, it’s important to compare interest rates banks offer, including smaller ones. Here, we’ll compare the interest rates of 3-year FDs from State Bank of India (SBI), Punjab National Bank (PNB), and Bank of Baroda (BoB) to see how much Rs 8 lakh will grow for both regular investors and senior citizens.
Wed, Dec 18, 2024
State Bank of India (SBI) provides 7.25 per cent interest on 444 days - Amrit Vrishti FD scheme to general citizens while the bank gives 6.80 per cent, 6.75 per cent and 6.50 per cent interest rates on 1-year, 3-year and 5-year FDs.
Mon, Jan 21, 2019
You can avail tax exemption benefit of up to Rs 1.5 lakh under Section 80C of Income Tax Act, but interest earned on the principal amount invested is taxable.
Sat, Jan 19, 2019
The investors have an option of creating an FD account with top lenders like State Bank of India (SBI), ICICI Bank and HDFC Bank, among others. However, before putting the money, an investor should look at the rate of interest offered by the bank.
Fri, Jan 11, 2019
Best Income Tax Saving Investment Schemes for Senior Citizens: Income Tax planning is one of the most important financial activities for all taxpayers, including the retired senior citizens.
Wed, Jan 02, 2019
An investor doesn't need ace investor Warren Buffett kind of bank balance to virtually guarantee a fortune for himself or herself. If the money is invested smartly, even a person with average monthly salary can get massive returns. Yes, you read that right!
Fri, Dec 28, 2018
Investment for a girl child is as important for a family as any other investment. The money could be used for her higher education and could also be spent on the marriage.
Sat, Dec 01, 2018
Latest Fixed Deposit interest rates: Leading lenders State Bank of India (SBI) and Axis Bank have recently revised their Fixed Deposit rates recently. These revisions come after a series of FD rate hikes announced be several banks over the last few months.
Mon, Nov 19, 2018
Shocking? Perhaps, but yes, the bank is set to give much higher returns that even your guaranteed FD cannot!
Sun, Nov 18, 2018
The dilemma has increased more in the wake of rising interest rates on FDs. In some of the Fixed Deposit schemes, banks are offering nearly 9% interest rate, while PPF interest rate was recently revised to 8% by the government.
Sat, Nov 17, 2018
The FD rates have been hiked days before the Reserve Bank of India (RBI), in its upcoming meeting on 19th November, may well ease lending rates, if Centre has its way.
Fri, Nov 16, 2018
MUMBAI: IDFC vs HDFC BANK vs Bandhan Bank vs Yes Bank vs ICICI Bank fixed deposit rates compared: Good news awaits bank depositors. Interest rates on fixed deposits (FDs) are expected to rise further, helping depositors to earn more from their savings.
Thu, Nov 15, 2018
Fixed deposit rates are on an upswing as banks grapple with liquidity crunch
Wed, Nov 14, 2018
Children's Day 2018: While the entire country celebrates Children's Day today, it is good time for you to plan for your child's education.Children's Day 2018: While the entire country celebrates Children's Day today on November 14, 2018, it is a good time for you to plan your child's education.
Sun, Nov 11, 2018
It is not necessary to have a high amount of salary or a big profitable business to become rich. You can become rich fast otherwise too. With low salary and small profits, you can also become rich just by investing your money in the right place at the right time.
Fri, Oct 26, 2018
Post Office Fixed Deposit benefits: This Diwali, you can take steps that will ensure your money grows over four times without any market-related risks and also help in saving income tax.
Thu, Oct 25, 2018
You should know that continuous small savings could turn into a big amount over a period of time. All you need to do is to follow Warren Buffett's simple formula - "Don't save what is left after spending, but spend what is left after saving".
Sun, Oct 21, 2018
Got Diwali bonus? The amount of Rs 50,000 or Rs 1 lakh may appear too small, or you may even end up looking to splurge it all on festivities.
How to retire at 40: Everybody wants to enjoy a relaxed life or live on their own terms. Some millennials plan to retire early. So much so that retiring at 40 has become a goal for many. Is this really possible?
Wed, Oct 17, 2018
In a first of its kind exercise, the Central Vigilance Commission (CVC) has analysed and reviews India's top 100 bank frauds up to 2017. The report was released on Tuesday.
Sun, Oct 14, 2018
Fixed deposit (FD) rates have gone up in recent months due to various domestic and global macro-economic factors
Thu, Oct 04, 2018
The recent increase in the interest rates on small savings schemes for the current quarter will sooner than later force banks to increase interest rates on fixed deposits. If that happens, FDs will become a more attractive investment product, specially for senior citizens. Let us see how.
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