Tag: fixed deposits

Three investment options for senior citizens to beat inflation

Inflation is one of the biggest risks investors face, as it reduces the purchasing power of money. So, if a good is worth ₹100 now,...

In small town India, a shift underway from savings to investments

“Investing as a concept has still not seeped into the fabric of life here. The very term investment isn’t common parlance. We still use the...

I want to invest ₹20,000 a month for up to 20 years. Where should I invest?

I am 25 years old and plan to invest ₹20,000 per month from my salary for 15-20 years. Please suggest schemes. -Name withheld on request...

Dividend earned by NRIs is taxable in India

My son runs a business abroad and lives there. He has a non-resident Indian (NRI) account and invests in fixed deposits (FDs) in banks and...

FDs are so old-world, but don’t write them off, yet

One key factor behind this migration is low returns from bank deposits. From 8-8.5% returns till a few years ago, one-year fixed deposits from State...

Invest with care in small finance banks as they also cut rates

The days of small finance banks offering over 7% returns on fixed deposits (FDs) are coming to an end. Most have started reducing interest rates...

Focus on variables to plan finances better

Based on your assumptions, a lot could change. Suppose you are targeting a corpus of ₹1 crore after 15 years, and assume 10% rate of...

How to resolve family finances when an earning member dies

Where the death of an earning family member can bring with it complex financial tasks, you may use the following points to make your financial...

Retail inflation at 6.3%. Real returns from FD could be negative

The rising inflation directly impacts your investments and lifestyle. If you have parked money in fixed deposits of one of the big banks, your returns...

Consider these seven steps to generate an emergency fund for a rainy day

Nirmala, a client of ours, asked us a pertinent question three years ago during the financial plan presentation: what is the emergency or contingency fund...

Do non-callable fixed deposits offer any advantages?

In a non-callable fixed deposit, banks don’t allow customers to withdraw the FD prematurely. The depositor must wait until the maturity of the FD. Due...

A company worker ponders over expenses as the pandemic rages

As the second covid wave makes its way through India, Mint speaks to people across the country on how they are saving, spending and coping...

How to claim fixed deposits on death of loved ones

NEW DELHI : Fixed deposits (FD) are the most common investments that most people make, especially retirees. On the death of the FD owner, if...

Pros and cons of investing in bank fixed deposits

NEW DELHI : Bank fixed deposits (FDs) are usually the first port of call for those beginning their investment journey. Income certainty and capital protection...

Things to consider before going for a guaranteed insurance plan

Amid the uncertainties and the low-interest rate regime, many investors have been moving towards life insurance policies offering pure protection and guaranteed returns, claim insurance...

7 features to know about secured credit cards

Banks offer secured credit cards against fixed deposits as collateral. These cards are usually aimed at those who cannot avail regular credit cards due to...

Know how you should show bank FD interest in your ITR to avoid income tax notice

Interest earned on bank fixed deposits (FDs) is fully taxable. On several occasions, taxpayers make a mistake in the way they report the interest income...

Passive investing gathers pace in the debt mutual funds space

The USP of such launches is that if held to maturity, these funds mimic fixed deposits (FDs). They pay a predictable (though not guaranteed) rate...

Should you opt for auto-renewal option in fixed deposits?

In case you invest in multiple fixed deposits (FDs) and are not able to keep track of them, you may opt for the auto-renewal option...

Investing only in fixed deposits and PPF will not help you reach long-term goals

I am 33 years old and invest in Axis Bluechip, Axis Banking and PSU Debt, Parag Parikh Long Term Equity, Kotak Standard Multicap, Mirae Asset...

These alternatives can give you better returns than bank fixed deposits

Private sector lender HDFC Bank has joined other big banks in reducing the interest rates on fixed deposits (FDs). Now, its FD rates are similar...

Fixed deposits may work better than debt funds in the short term

We asked financial planners to weigh in on the issue. Most of them feel that FDs are better only for time horizons of less than...

Things to avoid if you are close to your retirement

Ram, 55, connected with me to cross-check his investment strategy: to exit all equity investments, wait for the markets to fall and then reinvest. Obviously,...

Sort your investments into separate portfolios for easier tracking of goals

I am 31 years old with a small child, and I earn ₹55,600 per month. My goals are retirement in 2048 and my child’s higher...

Crisil report highlights debt fund categories with highest risk

A report by Crisil has highlighted the rating and liquidity profile of debt in various mutual fund categories, pointing out those, which are most exposed...