FD

Anyone aged 60 or above is eligible to open this FD.The tax-saver FDs have a lock-in period of five years, and the bank doesn’t allow premature withdrawals in these deposits. The most preferred investment option among senior citizens…

SBI's special FD offers 5 lakh interest on Rs 5 lakh deposit.FDs are a risk-free investment, where all of your money is secure. The common belief used to be that government banks do not generate much interest in Fixed Deposits (FD)…

Last Updated: May 31, 2023, 14:19 ISTHDFC Bank has announced an extension on its special fixed deposit (FD) scheme for senior citizens. The Senior Citizen Care FD, offering higher interest rates to individuals over 60 years of age, was…

Usually, such loans are available in the form of overdrafts or demand loans.These loans carry interest rates that are typically 1 to 2 per cent higher than the interest rate of the Fixed Deposit.In case you have a low credit score, do not…

Almost half of the female respondents (47%) reported that they allocate between 10-30% of their income towards their financial goals. (Representative image) According to the survey, fixed deposits and saving accounts continue to dominate…

Fixed deposits (FDs) don't have the benefit of indexation. Now, the debt MF will also be treated like FDs. (Representative image)The Finance Bill 2023 imposes the short-term capital gains tax on specified mutual funds (where not more than…

Last Updated: February 06, 2023, 13:11 ISTThe new rates of DBS Bank came into effect on February 1, 2023.DBS Bank India is offering interest rates ranging from 2.50 per cent to 6.50 per cent on FDs for the general public.During the last 9…

Check comparison on interest rates offered by bank FDs, PPF, NSC and other small savings schemes.The RBI MPC meeting, which is taking place between February 6-8, may go for a 25-basis-point hike in repo rate, which might prompt banks to…

The Reserve Bank of India (RBI) increased the repo rate by 25 basis points, resulting in its rise to 6.50%. The latest move is expected to make borrowing expensive, leading to higher equated monthly instalments (EMIs).Repo rate is the rate…

Last Updated: January 23, 2023, 13:10 ISTWith a minimal deposit of Rs 100 in Paytm Payments Bank, you can complete an FD. The unique feature is that you won't be penalised if you withdraw an FD from Paytm Payments Bank before it…