Payments banks (PBs) are expected to knock on the doors of Reserve Bank of India (RBI) to permit them to take small-value fixed as well as recurring deposits, since procuring low-cost savings bank (SB) deposits is proving tough amid rising interest rates on term deposits, reported Business Line. These lender banks are also likely to make a pitch …
Before locking a fixed deposit (FD), it is advisable to compare the interest rates offered by different banks. Here we present the interest rates offered on term deposits of different state and private banks. Interest rates of most banks hover around 6.8 to 7 percent on their 1-year deposits. Fixed deposit interest rates offered by …
Most conservative investors still opt for safe havens to earn fixed returns on their investment. Among all the options, the safest and most reliable option is fixed deposits (FDs). Those who want to earn marginally higher interest rates on their FDs, at times, lock them in the name of their old parents since banks offer …
Throughout 2023, the Reserve Bank of India (RBI) has consistently raised interest rates as a measure to counter inflation. This results in heightened borrowing costs, encouraging both individuals and businesses to increase their savings, consequently driving up interest rates on savings instruments such as FDs. The escalation of global economic uncertainties and geopolitical tensions also …
Conservative investors often invest large sums in fixed deposits to earn assured returns on a regular basis, insulated from wild volatility of markets. Besides regular FDs, investors also explore tax-saving fixed deposits (FDs) for earning higher interest while also saving some money via tax exemption. It is imperative to know that the tax deduction under …
It is vital to mention that most private and state lenders have recently raised their interest rates, while a few have introduced special interest schemes. For instance, Bank of Baroda offers 7.15 percent per annum on 399-day fixed deposits under what is known as Baroda Tiranga Plus Deposit Scheme. Likewise, Bank of India has introduced Super Special Fixed …
I have always advocated financial freedom, the ability to do anything you wish to do in life without worrying about money as the most important goal for all investors. This freedom cannot be achieved when one is straddled with debt, especially debt taken for buying personal assets, a house being one of them. I would …
Writer Russell Bakes once said, “Ah, summer, what power you have to make us suffer and like it.” While Mr Bakes was speaking about the season, the same may be broadly applicable to most asset classes that the retail investor can look at in the next six months, i.e. till next summer. And like the …
Bank fixed deposits (FDs) continue to be popular investment products not just among senior citizens, who are looking for guaranteed income, but also among investors who can’t stomach risk. But overexposure to FDs is not good, and you need to assess your asset allocation and goals to decide how much money you should park in …
I have some short-term goals that are due in three years. What are the low-risk investment options that can protect my capital and also get me better post-tax returns? —Name withheld on request For your short-term goals, it is prudent to consider investments in debt instruments exclusively. Here, we will list a few options other …