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 →
I had written about how investing intelligently on wife’s name can help you save taxes. This time we would be exploring how parents can help you save taxes. There are 3 ways: 1. Pay Rent to Your Parents: If you are lucky and stay in your parents house (means the house is on either your mom/dad […] Continue reading →
Our fancy for higher returns never ends! A very common question that is often asked by new Mutual Fund Investors is “Which date should I choose for SIP in Mutual Fund”? The thought behind being Can I generate extra return by timing my SIP! If you think SIP or Systematic Investment Plan was designed to get […] Continue reading →
PPF (Public Provident Fund) is one of the most popular and one of the best debt investment instruments. We have Excel based calculator for PPF Withdrawal, Loan and Maturity. PPF Calculator: This PPF calculator can calculate the maximum loan eligibility, partial withdrawal eligibility and the maturity value at the end of 15 years. It takes […] 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 →
Below are the features, interest rates, maturity amount along with other details for SBI Recurring deposit. SBI Recurring Deposit Scheme – Features: Maturity from 12 to 120 Months Nomination facility available The minimum amount of monthly installment shall be Rs 100. The amount of installment and number of installment can not be changed after opening of […] Continue reading →
Most banks are offering interests in the range of 6% to 8% on their fixed deposits. This has created problem for people who depend on bank fixed deposit for their income. 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 […] 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 →
The post lists down the rate of interest on Bank fixed deposits for Senior Citizens as of August 1, 2018. 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 […] Continue reading →