Wed, Apr 17, 2024
Banks such as State Bank of India (SBI), Bank of Baroda (BoB), ICICI Bank, HDFC Bank, Punjab National Bank (PNB) and Canara Bank offer up to 7.75% interest rate on 5-year FDs to senior citizens, as per Paisabazaar.com data.
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Sat, Apr 13, 2024
5-year NSC vs 5-year FD: Ever compared how two fixed income instruments with similar annual interest rates but different compounding frequencies? Compare the Five-Year Post Office Time Deposit (fixed deposit) and the Post Office National Savings Certificates (NSC) here to understand the true power of compounding. The examples and figures may leave you with some food for thought this weekend.
Thu, Mar 21, 2024
Income Tax Saving on FD: Fixed Deposits (FDs) provide an investor guaranteed returns in the form of interest earned on deposits. One can also get tax exemption on deposits of up to Rs 1.50 lakh under Section 80C of the Income Tax Act on FDs of tenures of five years and above. The income an investor gets from FDs is tax free up to a certain limit, as per income tax rules. But over it, one needs to pay TDS. However, if one submits Form 15G and Form 15H under certain conditions, they can save their TDS from being cut. Know how-
Tue, Apr 16, 2019
FD or bond fund or direct investment via STP solely depends upon the age of the investor and its requirements as the time passes, say investment experts.
Mon, Apr 15, 2019
FD experts advise investors to have a fixed deposit calculator excel with them so that they can get the maximum benefit of their personal financial planning.
Mon, Mar 11, 2019
Best Fixed Deposit (FD) Rates March 2019: If you are looking for earning some interest on your savings in the short term, Fixed Deposit comes across as one of the best options.
Tue, Mar 05, 2019
Jana Small Finance Bank FD Rates: Fixed Deposit (FD) is one of the most trusted financial instruments in India. And, what can be even better if FD offers you 9.6% interest rate! Yes, you read it right. Jana Small Finance Bank is offering FD with interest rate of up to 9.6%.
Sat, Mar 02, 2019
Be it a salaried employee or retired pensioner, everyone loves to see his/her wealth grow. The market is flooded with a lot of investment instruments including recurring deposits, mutual funds, equity, PPF and fixed deposits among others.
Thu, Feb 21, 2019
BREAKING LIVE: EPFO has hiked interest rate on employees' provident fund to 8.65% from 8.55% for the 2018-19 fiscal year.
Thu, Feb 14, 2019
Fixed deposits are one of the widely used investment tools as there is no risk factor and the returns are guaranteed too. A fixed deposit plan gives higher rate of interest compared to savings accounts.
Wed, Feb 13, 2019
Most FDs only give you about 8.5% interest before tax and around 7% after tax.
Mon, Feb 11, 2019
Undoubtedly, fixed deposit scheme is one of the most popular investment options. People who want their money to be safe and secure with a calculated return are always keen to opt fixed deposit products.
Fixed Deposit Tracker: Some small finance banks are offering better interest rates on fixed deposits than some of the top banks including the State Bank of India (SBI) and HDFC Bank.
Thu, Feb 07, 2019
What RBI has done is that, now banks will give you interest rate for deposits made below Rs 2 crore and not Rs 1 crore as was applicable earlier.
ICICI Bank has, on Wednesday, launched 'FD Xtra' - a range of Fixed Deposits(FD) and Recurring Deposits (RD) scheme - that offers new benefits for customers.
Wed, Feb 06, 2019
CRISIL in its research note states that bank credit in India will grow at a pace of 13-14% on average between fiscal FY19 - FY20, significantly faster as compared to the 8% seen in fiscal 2018, which would force a change in the deposit mobilisation plans of banks over the medium term.
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.
Sat, Feb 02, 2019
Fixed Deposit schemes have now become more lucrative for SBI, Post Office, HDFC, ICICI, Axis, PNB, BoB other bank customers.
Mon, Jan 28, 2019
Warren Buffett, world's richest investor says, "The best investment you can make is an investment in yourself. The more you learn, the more you'll earn.'' Investments are considered as plants that can fetch you fruits, once they turn into trees. This is why a person should always start investing as early as possible.
Thu, Jan 24, 2019
Bank fixed deposits (FDs) are usually considered the safest of investment options out there in the financial world. They offer a guaranteed return on investment, which isn't the case with equity investments.
Mon, Jan 21, 2019
You can avail tax exemption benefit of up to Rs 1.5 lakh under Section 80C of Income Tax Act, but interest earned on the principal amount invested is taxable.
Sat, Jan 19, 2019
The investors have an option of creating an FD account with top lenders like State Bank of India (SBI), ICICI Bank and HDFC Bank, among others. However, before putting the money, an investor should look at the rate of interest offered by the bank.
Fri, Jan 11, 2019
Best Income Tax Saving Investment Schemes for Senior Citizens: Income Tax planning is one of the most important financial activities for all taxpayers, including the retired senior citizens.
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