Tag: FD

Is monthly income from systematic withdrawal plan taxable?

I am a 63-years-old lady doctor. For my retirement and because of covid I have sold one of my clinics. I have invested that amount...

SBI vs HDFC Bank vs ICICI vs Axis Bank

A fixed deposit (FD) is an investment product offered by banks. State Bank of India (SBI), ICICI Bank, HDFC Bank and Axis Bank offer FD...

Overdue FDs to earn lower interest after this RBI tweak; what you should do

The Reserve Bank of India (RBI) has amended the rules regarding how banks will pay interest on overdue, unclaimed fixed deposits (FDs). As per the...

Is it a good idea to invest in gold for an emergency fund?

It is often seen that people use their accumulated gold or ancestral jewellery to fund their emergency cash requirements. During the ongoing pandemic, a large...

Flexible RDs are better than regular RDs

MUMBAI : Mumbai: The recurring deposit (RD) is considered as the first step towards savings. It builds up a habit of putting away a certain...

Mutual funds turn net buyers after 9 months; invest ₹2,476 cr in equities in March

Kaushlendra Singh Sengar, founder and CEO at INVEST19, said mutual funds (MFs) inflow in equities will be stagnant in near future. Prior to the inflows, mutual...

What are your investment options?

More than half of our country’s household savings are in bank deposits. According to the RBI Bulletin, 53% of a household savings are kept in...

We are planning to tie up with a new platform for global stock investing: B Gopkumar

You have a fee-only advisory service for high net-worth individuals (HNIs). What kind of traction are you seeing in it? We have set up an...

SBI special FD scheme with higher interest rate for senior citizens: 10 features

State Bank of India (SBI), recently announced a special fixed deposit scheme for senior citizens called, SBI ‘WECARE’ Senior Citizens’ Term Deposit scheme. The special...