The interest rates offered by banks on their fixed deposits have come down significantly in last few months. Most banks are offering interests in the range of 6% to 7% 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 […] 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 →
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 as of April 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: The good news is State Bank of India, Punjab national Bank, Bank […] 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 →
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 →
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 →
Budget 2018 along with many changes to tax laws also introduced a new Section 80TTB. According to this Senior citizen can claim tax exemption up to Rs 50,000 on interest income from bank/ post office fixed deposit, recurring deposit or savings account.Also, if a senior citizen opts to take advantage of Section 80TTB, he cannot […] Continue reading →
Muthoot Finance, the dominant player in Gold Loan Business has come out with public issue of non-convertible debentures (NCD) offering up to 9.00% interest rate. The issue would open on April 9 and would close on May 8, 2018. Muthoot Finance NCD – Significant Points: Offer Period: April 9 to May 8, 2018 Annual Interest Rates for Retail Investors: […] Continue reading →