What is the Maximum Income Tax I can save for this Year (FY 2019-20)? A question I am often asked. Tax laws keep changing year on year especially in Budget. We publish eBook every year after budget which tells you about all tax saving options that are available to an individual (both salaried & business). In this post […] Continue reading →
FCNR (Foreign Currency Non Resident) account is a fixed deposit account offered by banks in India to non resident Indians (NRIs) and is operated in foreign currency. These are quite popular investments for NRIs because of the higher interest rate offered by banks in India as compared to their country of residence. For e.g. As […] Continue reading →
The post lists down the rate of interest on Bank fixed deposits for Senior Citizens as of June 1, 2019. You might want to bookmark this page as the FD interest rates would be updated every month. Would help you in better decision making. Fixed Deposit Highlights: Most banks offer FDs for tenure of 7 Days to […] Continue reading →
FCNR (Foreign Currency Non Resident) account is fixed deposit account offered by banks in India to non resident Indians (NRIs) and is operated in foreign currency. FCNR deposits are good investment option for NRIs in Hong Kong as the interest rate offered by banks in India are way higher than that offered by banks in […] Continue reading →
Most banks are offering interests in the range of 6% to 8% on their fixed deposits. However some best rated companies and institutions are offering interest rates higher than banks. Below are the details of 7 companies which have high credit rating and offering interest rate more than banks on their fixed deposit schemes. SBI is offering 6.60% to […] Continue reading →
FCNR (Foreign Currency Non Resident) account is fixed deposit account offered by banks in India to non resident Indians (NRIs) and is operated in foreign currency. FCNR deposits are good investment option for NRIs in Singapore as the interest rate offered by banks in India are way higher than that offered by banks in Singapore. […] Continue reading →
Tax Saving Fixed Deposits one of the most popular way to save taxes u/s 80C of income tax. These are like normal Fixed Deposit with banks but is labeled as “Tax Saving FD” while making the deposit. Why you Should Invest? Convenient to invest. ICICI Bank, SBI, HDFC Bank, etc offers online facility for Tax […] Continue reading →
Recurring deposits (RD) with banks are one of the most popular investment options for people with regular income. RD enables to deposit fixed amount every month for a pre-defined period which earns interest similar to Fixed Deposits (FD). You might want to bookmark this page as the RD interest rates would be updated every month […] Continue reading →
NRE (Non-Resident External) Fixed Deposits are one of the best investments for NRIs/PIOs/OCIs because of two reasons: The interest rate is on the higher side as compared to their country of residence and the interest earned on NRE FD is tax free in India This post compares the best interest rates on NRE FDs. Best […] Continue reading →