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.
Tue, Oct 01, 2019
Fixed deposits (FDs) still retain the faith of people as the most reliable investment option as interests earned from a bank FD is fixed and those who wish to spare their savings in this financial instrument are already aware of it.
Mon, Sep 16, 2019
On maturity periods for 1 year 1 day-2 year, the bank is offering an interest rate of 6.60% and 7.10% to the general public and senior citizens respectively. The Minimum tenure for earning FD interest is 7 days.
Sat, Aug 10, 2019
You may feel that several Fixed Deposit schemes of banks are overrated when compared to the high interest rates and other benefits offered by several Post Office schemes.
Wed, Aug 07, 2019
Generally, RBI repo rate cut means good news for borrowers, but it also scripts a bad case for depositors.
Sat, Aug 03, 2019
SBI Public Provident Fund (PPF) account offers nearly double interest than the regular savings bank account. Investment in PPF account enjoys tax exemption.
Thu, Jul 25, 2019
Want to become rich fast in India? It is possible, but with careful financial planning! You need to be clear about two things - First, your financial goal.
Tue, Jul 23, 2019
The shortest tenure of HDFC Bank Fixed Deposit (FD) would be 7 days, while one can open an FD account up to 10 years. FD interest rates are changed from time to time.
Mon, Jul 01, 2019
Latest small savings scheme interest rate: The Union government recently reduced the interest rate on small savings schemes, including National Savings Certificate (NSC) and Public Provident Fund (PPF).
Wed, Jun 26, 2019
Generally, Fixed Deposits are better for senior citizens as they earn much higher returns than compared to general category.
Fri, Jun 14, 2019
HDFC Bank also allows the benefit for reinvestment of FDs on maturity. The minimum tenure for availing FDs at this bank is 7 days.
Thu, Jun 06, 2019
Post Office Time Deposit (also, often called as Fixed Deposit) is one of the easiest options for saving money and earning interest rate up to 7.8 per cent.
Sun, Jun 02, 2019
You can also open a recurring deposit (RD) account through internet banking, if you have an Internet banking username and password, and at least one transaction account mapped to the username.
Sat, Jun 01, 2019
You can create an FD account with top lenders like State Bank of India (SBI), ICICI Bank and HDFC Bank, PNB and others. The Interest rate varies from bank to bank and also might change according to the tenure of the investment.
Wed, May 29, 2019
Offering flexibility in savings, RD helps depositors who have regular income and are unable to carry bulk deposits.
Tue, May 28, 2019
Fixed deposits or FDs are one of the most popular financial instruments where the traditional investors put money for better than average returns and thereby increase their wealth with time.
Wed, May 22, 2019
They are various kinds of debt-related instruments available in the market like, Fixed deposits, National Savings Certificate, Post office schemes, Senior Citizen's Savings Schemes, Debt Mutual Funds etc. While there is a set taxation pattern applicable on each debt instrument, let's understand how it works.
Mon, May 13, 2019
Fixed Deposit: Have you invested in Fixed Deposit? You should know that the interest earned from Fixed Deposit (FD) investment is fully taxable if it crosses a specified limit.
Sat, May 04, 2019
The interest rates on Fixed Deposit (FD) accounts have gone up in the last one year, making it one of the most lucrative investment options
Wed, May 01, 2019
Fixed deposit (FD) and recurring deposit (RD) are the conventional financial schemes which probably most of traditional savers are aware of.
Mon, Apr 29, 2019
Like ordinary citizens, politicians also invest their money in the market. As per the election rules, politicians have to declare their assets in an affidavit before filing nomination papers for contesting elections in India.
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