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Tips to become rich! This Post Office scheme yields more than many bank FDs; gives tax exemption too
Fri, Nov 08, 2019
Post Office National Saving Scheme is similar to a bank deposit. Like PPF, investment up to Rs 1.5 lakh in Post Office NSC is also income tax exempted under Section 80C.
ALERT! Check SBI Online! Your bank savings account, fixed deposits to give you less money from tomorrow, Nov 1; log onto sbi.co.in
Thu, Oct 31, 2019
SBI Online: The State Bank of India or SBI is going to cut your savings account and fixed deposit interest rates from 1st November 2019.
Latest Bank FD rates 2019: SBI to HDFC Bank - Check who gives maximum returns
Sun, Oct 06, 2019
Bank FD Interest Rate 2019: India's largest commercial bank State Bank of India or SBI is giving bank FD interest rate from 5 per cent to 7.75 per cent for a period 7 days to 10 years.
PPF, NSC interest rates to be slashed? This is what may happen soon
Fri, Sep 06, 2019
Bank's demand would definitely have some impact on the government and experts expect some cut in the PPF, NSC interest rates in the upcoming quarterly review meeting.
World Senior Citizen Day 2019: Top 5 investments that will help you stay rich even after retirement
Tue, Aug 20, 2019
Senior Citizen Day 2019: Most senior citizens have no earnings after retirement. The most important thing for a senior citizen is to maximize return on investment.
Budget expectations, 3 GST tax rates to digital age - a freewheeling interview with Raj Nair, President, IMC CC&I
Tue, Jun 18, 2019
Nair not only spoke about Budget 2019, but also highlighted key pointers for the Indian economy.
Who will offer best deposit interest rate? This will be new competition among banks - SBI vs HDFC Bank vs ICICI Bank
Tue, Mar 12, 2019
When a bank hikes deposit interest rate, that is to make their investment scheme much attractive than compared to others, so that such funds can be used again to lend borrowers.
Modi government bans unregulated deposit schemes - What will be its impact?
Tue, Feb 26, 2019
In the ordinance, the Ministry of Law and Justice explains that, deposit means an amount of money received by way of an advance or loan or in any other form.
Income tax returns (ITR): You do not have to pay TDS on FDs under this amount
Mon, Feb 04, 2019
If your bank has deducted the TDS from your interest income on FDs, then you can declare the deducted amount in your ITR filing form and the IT department will automatically refund your paid sum in your bank account.
Bank account holder? Budget 2019 made your bank deposits interest income tax free! Limit hiked; Small savings schemes row solved; Modi govt makes you richer
Fri, Feb 01, 2019
Currently, for banks, the pressure arises from government’s small savings schemes, which forced the lenders to aggressively hike deposit rates beyond their ability to keep up with the Centre’s investment tools.
Budget 2019: Your benefits from fixed deposits, savings to rise? Dear NDA govt, do make bank deposits tax free
Fri, Feb 01, 2019
Budget 2019: For banks, deposits are seen as an expenditure as they pay interest to customers, on the other hand, lending is their way to earnings as they receive interest from customers.
Is banking system moving towards liquidity deficit? What it means for your loans, EMIs
Wed, Jul 18, 2018
Net liquidity position has moved from a liquidity surplus level in the preceding week to a marginal liquidity surplus level in the week ended 13 July.
Who moved my savings? The conundrum of declining savings post-demonetisation
Tue, Feb 20, 2018
Contrary to what preliminary RBI data indicated, the financial savings rate in fiscal year (FY) 2017 declined post- demonetisation even as the deposits in banks grew in droves, noted a report, adding the gains from deposits were not enough to compensate for the sharp fall in currency holdings dur
Expectations for India's 2018-19 budget
Tue, Jan 30, 2018
India`s government will unveil its budget for the 2018/19 fiscal year on Thursday, with investors expecting increased investment in key areas such as agriculture and a slew of incentives for businesses.
Panic over proposed FRDI Bill is misplaced: SBI Ecowrap
Thu, Dec 21, 2017
Seeking to clear the confusion in the public domain, the report said, "First, whether the concept of bail-in is justified in Indian context. Such strategy is similar to the strategies adopted by EU countries like Cyprus whose per capital income is 14 times higher than India.
Is your bank deposit safe? Know more about FRDI Bill & bail-in clause
Fri, Dec 08, 2017
FRDI Bill i.e. Financial Resolution and Deposit Insurance Bill 2017 aims to focus on finding a resolution in case of a rare event of a failure of any financial service provider like banks, insurance companies or a non-banking financial companies etc. At present the bill is pending with the standing committee and have not been enacted as a law.
What type of bank account is good for your money? check here
Wed, Dec 06, 2017
Many of us are not aware of what is transaction limit, benefits, minimum balance requirement or is there any income tax that needs to be filed on these account.
RBI maintains 'status quo' 2nd time in row; repo rate stands at 6%
Wed, Dec 06, 2017
Policy repo rate under the liquidity adjustment facility (LAF) continues to stand at 6%, while reverse repo rate under the LAF remains at 5.75%, and the marginal standing facility (MSF) rate and the Bank Rate at 6.25%.
Rate cut or status quo: 14 factors will revolve around RBI decision
Wed, Dec 06, 2017
RBI kept repo rate unchanged at 6% in the last monetary policy meet with a neutral stance citing that rising consumer prices will threaten the trajectory for inflation.
Banks deposit and credit growth moderate in Q2FY18: RBI
Tue, Nov 28, 2017
The RBI data showed that aggregate deposits and bank credit growth (y-o-y) decelerated across all population groups and bank groups in September 2017 from a quarter ago.