Tag: fixed deposit

Depositors to get upto Rs 5 lakh from DICGC within 90 days if bank fails: Cabinet clears amendment

The union cabinet has cleared an amendment today that allows customers of failed or stressed banks which are placed under moratorium to get their deposits...

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...

What FD, debt mutual fund investors should do after RBI holds policy rates

As expected, in its second bi-monthly monetary policy review for 2021-2022, RBI kept the main policy rates unchanged. Cash Reserve Ratio (CRR) remained unchanged at...

FD full maturity amount: How to get full maturity amount of fixed deposit despite TDS

When there is TDS from the interest accrued annually on cumulative bank fixed deposits it not only leads to loss of interest deducted as tax...

TDS on cumulative FDs: Your money loss is more than the tax deducted

Are you among those depositors who think that the deduction of TDS (Tax Deduction at Source) on your fixed deposit is not a big deal?...

Should you invest in Hawkins Cookers’ fixed deposit offering 9% interest rate?

At a time when interest rates on bank fixed deposits (FDs) have been on a downward slope, Hawkins Cookers Ltd on Friday will launch its...

As interest rates head south, it may be time to shift your savings bank account

For instance, the State Bank of India offers 2.7% on savings accounts and ICICI Bank offers 3% on savings accounts (3.5% on balances more than...

How retirees can handle returns squeeze

With a fixed amount saved up for his retirement, he is starting to worry about whether he can sustain his lifestyle in the future. “My...

SBI vs Axis Bank vs Canara Bank vs ICICI Bank

Axis Bank latest FD interest rates (below ₹2 crore) for general public 7 days to 14 days 2.50% 15 days to 29 days 2.50% 30...

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...

Why 2010-20 was a depressing decade for equity investments

First, let us deal with the argument that questions the poor equity returns hypothesis. Mutual fund experts argue that one should invest in equities for...

This or that? Hard financial choices we must make

The choices that the ongoing covid-19 pandemic is forcing us to make are not the ones we had ever thought we would need to make....

Savings account interest rates falling? You can consider sweep-in FDs

Private lender Kotak Mahindra Bank on 25 May cut its savings account interest rate. For an account balance above ₹1 lakh, the rate was cut...

How Yes Bank’s relationship managers sold its AT1 bonds to retail investors

Harish, a 65-year-old retired human resource manager, and his wife Saroj, woke up on 6 March to a rude shock. About a third of the...