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.
Wed, Apr 17, 2024
Banks such as State Bank of India (SBI), Bank of Baroda (BoB), ICICI Bank, HDFC Bank, Punjab National Bank (PNB) and Canara Bank offer up to 7.75% interest rate on 5-year FDs to senior citizens, as per Paisabazaar.com data.
Sat, Apr 13, 2024
5-year NSC vs 5-year FD: Ever compared how two fixed income instruments with similar annual interest rates but different compounding frequencies? Compare the Five-Year Post Office Time Deposit (fixed deposit) and the Post Office National Savings Certificates (NSC) here to understand the true power of compounding. The examples and figures may leave you with some food for thought this weekend.
Thu, Mar 21, 2024
Income Tax Saving on FD: Fixed Deposits (FDs) provide an investor guaranteed returns in the form of interest earned on deposits. One can also get tax exemption on deposits of up to Rs 1.50 lakh under Section 80C of the Income Tax Act on FDs of tenures of five years and above. The income an investor gets from FDs is tax free up to a certain limit, as per income tax rules. But over it, one needs to pay TDS. However, if one submits Form 15G and Form 15H under certain conditions, they can save their TDS from being cut. Know how-
Thu, Feb 29, 2024
5-year SBI FD vs 5-year post office FD: Did you know that money parked in a five-year fixed deposit (FD) not only grows steadily and safely but also helps you avail income tax benefits up to Rs 1.5 lakh in a financial year? This article compares two such term deposit instruments. Read on to learn more.
Fri, Feb 23, 2024
Compound interest is the interest on interest that may accelerate your rate of investment return faster than normal interest. Fixed deposits, equity mutual funds, Public Provident Fund (PPF), and National Pension System (NPS) are some of the investment options that offer compound interest. With the power of compounding, your small investment can grow manifold in the long term; your one-year interest may become more than your total investment; and you may accumulate more corpus with a smaller investment in the long run than the one with a higher investment in the short term. Read how is it possible-
Sat, Feb 10, 2024
Fixed Deposits (FDs) attract a lot of investors since they offer guaranteed returns and are not prone to market fluctuations. With the banking sector performing well for some time, a lot of lenders are offering attracting interest rates. However, if you also want to invest your lump sum amount in a FD, keep these three things in mind that can help you maximise your returns.
Sat, Jan 27, 2024
Financial experts endorse the inclusion of FD in investment portfolios, emphasising seven key features that continue to make it a top choice for many.
Fri, Jan 12, 2024
The bank said the scheme is open to all individuals including non-resident Indians and offers investors the flexibility to choose from three distinct tenors: 1,111 days, 1,777 days, and 2,222 days.
Sun, Jan 07, 2024
Banks offer slightly higher interest rates on fixed deposits (FDs) to senior citizens compared to non-senior citizens. FDs are popular among senior citizens since in old age, they need income from investment options which can give them guaranteed returns and fixed income. Since FDs are not market-linked, senior citizens opt them as they are risk-free investment options. In this write-up, know about the banks offering the highest interest rate to senior citizens on FDs.
Fri, Dec 15, 2023
The government runs a special deposit scheme for women. The scheme called Mahila Samman Savings Certificate offers good interest to women. At the same time, they can also invest in fixed deposit schemes. Know here, which scheme, FD or MSSC, can help women accumulate more wealth.
Wed, Dec 13, 2023
At present, returns on fixed deposits (FDs) are quite high since the interest rate on them are high. Now the question arises whether FD interest rates would go higher or the current levels are the highest? Know this
Sun, Dec 10, 2023
Like banks, many types of schemes are run in post offices also. Fixed deposit is also one of them. This is called post office time deposit. The maximum interest available in this is 7.5%. But if you close the account before maturity, you have to suffer loss. Know how here-
Thu, Nov 30, 2023
A large section of Indians prefer fixed deposit (FD) schemes that offer fixed income and guaranteed returns. In the same series, Cent Garima Term Deposit Scheme is also a special fixed deposit (FD) scheme from Central Bank. In this FD scheme, you have to deposit the amount only for 777 days and you will get an interest rate of 7.55 per cent. Along with that, you also get tax benefits and loan facility. Know eligibility criteria, minimum amount required for investment, and other details.
Fri, Oct 06, 2023
Interest rates on bank fixed deposits (FDs) have increased significantly in recent months. As the RBI has kept the repo rate unchanged, the banks are unlikely to further revise the FD rates. In recent months, a few banks have also started reducing FD rates, according to reports.
Sat, Aug 26, 2023
Equitas Small Finance Bank revised its fixed deposit interest rates from August 21. Senior citizens will get as much as 9 per cent interest on FDs under the new scheme.
Fri, Aug 25, 2023
Before picking either a fixed deposit or opting for the National Pension Scheme, a person needs to first decide on the ultimate goal. Both are very good financial instruments, but which one is better depends on what kind of benefits you are looking for.
Sat, Aug 05, 2023
Unlike other investment options, fixed deposit offers guaranteed returns. An individual can choose between cumulative and non-cumulative FD as per his needs. A fixed deposit is immune to market forces and might save you when your other investments don’t bear any fruit.
Mon, Jul 31, 2023
When an average of major insurance providers was taken by a leading insurance aggregator, it was found that by delaying buying a term insurance policy by 10 years, a 25-year-old would have to pay 48% extra, a 35-year-old would have to pay 72% extra and a 45-year-old would have to pay 89% extra. Ss start early and save more.
Sun, Jul 23, 2023
The first paycheck brings alongwith it a euphoric feeling where you want to splurge your money on your own terms and it's easy to get carried away. But it is important to know that spending your first paycheck wisely, or in other words, inculcating healthy spending habits is very crucial for setting a solid foundation for your financial future. We present a checklist for beginners so they can begin budgeting, saving, setting up an emergency corpus and investing in financial protection early.
Tue, Jul 18, 2023
A loan against a fixed deposit is a type of loan where a person pledges their fixed deposit as collateral. In this write-up, I will tell you about how you can apply online for a loan against FD, its eligibility criteria and the documents required.
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