Reserve Bank of India (RBI) in its monetary policy presented on January 29, 2013 cut repo rate and cash reserve ratio by 25 basis points each. Repo rate, the rate at which banks borrow from the central bank, has been slashed to 7.75%; and the cash reserve ratio, the portion of bank deposits the banks […]
RBI Rate Cut Impact: Rush for Fixed Deposit and wait for your Loan Read More »
Omaxe Limited, the NCR based real estate company is offering Fixed Deposit Scheme for 6 months to 3 years tenure offering 11.5% – 12.5% Annual Interest. Scheme Highlights: Minimum Amount of deposit to be accepted is Rs.25,000/- and in multiple of Rs. 1,000/- thereafter. For Scheme A (Non Cumulative), interest will be compounded monthly and
There is speculation that RBI in next monetary policy review next week is going to reduce interest rates. On one side it would decrease your EMI burden while on the other side it would also reduce interest rates on Fixed Deposits. So it might be good idea to invest in Fixed Deposits before rates go
Its Tax Saving Season and all financial institutions are trying to en-cash this opportunity. If you are risk averse then five year tax saving deposit is one of the best avenues to save tax. UCO bank in its advertisement has published its annual yield, but has conveniently ignored to print the actual interest offered. I
UCO Tax Saver Deposit Scheme – Interest & Annual Yield [Miss-selling Advertisement] Read More »
Taxation on your investment is as important as the return on Investment. All financial instruments go through three stages Investment Earning Withdrawal The tax rules vary across the above three phases. This post would tell you how different financial Instruments are taxed in these three phases and what would be its impact on you. Based on
