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.
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Sat, Apr 06, 2024
FD vs RD difference: Both fixed deposits and recurring deposits have their own set of advantages and limitations. Understanding the key differences between the two will help you make an informed decision based on your financial goals and risk appetite. Whether you choose an FD or an RD, it is essential to assess your investment needs and consult with a financial advisor to make the right choice for your financial future.
Thu, Apr 04, 2024
RBI monetary policy repo rate, RBI MPC meeting highlights: RBI Governor Shaktikanta Das announced the MPC's decision, based on a 5:1 vote, to keep the repo rate—or the key interest rate at which the central bank lends short-term funds to commercial banks—unchanged at 6.5 per cent. This is the first MPC meeting of the financial year 2024-25 (FY25).
What is the repo rate? The repo rate, or the key interest rate at which the RBI lends money to commercial banks, plays a significant role in determining the cost of borrowing for individuals and businesses. When the repo rate decreases, banks are inclined to reduce their lending rates, making loans cheaper. On the flipside, when the repo rate increases, banks tend to pass on their higher borrowing costs to consumers. Here's a summary of this key interest rate which impacts you very much.
Fri, Mar 29, 2024
Kisan Vikas Patra (KVP) Post Office Small Savings Scheme Interest: As the government leaves the interest rates applicable to the small savings schemes available at post offices, the Post Office Kisan Vikas Patra (KVP) certificate investment plan pays interest at the rate of 7.5 per cent compounded annually for the quarter ending June 30, 2024. What makes the post office KVP scheme unique is that the amount of money invested in this small savings scheme doubles over a period of nine years and seven months. What it means is that the minimum investment of Rs 1,000 in Kisan Vikas Patra certificates grows into Rs 2,000 upon maturity.
Thu, Mar 28, 2024
NSC small savings scheme interest rate latest update: The Post Office National Savings Certificates (NSC), also known as the NSC small savings scheme, turns a one-time investment of Rs 10,000 into Rs 14,490 over a maturity period of five years, according to the India Post website, indiapost.gov.in. Going by the same calculation, a sum of Rs 50,000 invested in this guaranteed, government-backed scheme grows into Rs 72,452 (principal of Rs 50,000 and interest of Rs 22,452) in the five-year period. One can invest any amount in multiples of Rs 100 starting at Rs 1,000 in this post office certificate scheme without any upper limit. For the final quarter of FY24, the NSC scheme delivers a return of 7.7 per cent compounded annually and payable at maturity. Read on to know more about this investment plan.
Wed, Mar 27, 2024
RBI MPC meeting schedule 2024-25: The Reserve Bank of India (RBI) has announced the dates of six upcoming monetary policy meetings of the next financial year, which begins on April 1, 2024. The central bank conducts six scheduled reviews every year, one each in April, June, August, October, December, and February. Besides, it also conducts out-of-cycle reviews to address sudden changes in economic conditions that warrant urgent monetary policy action.
Thu, Mar 21, 2024
US Fed kept interest rates stable, gave indications of rate cut for the third time, what is the role of Jerome Powell in the rise of American market.. Understand from Ajay Bagga
Central banks around the world raised interest rates aggressively in late 2021 from near zero to counter price rises first stoked by supply chain issues during the coronavirus pandemic and then by Russia’s invasion of Ukraine, which pushed up food and energy costs.
Wed, Mar 20, 2024
5-year post office National Savings Certificate interest rate: Investment in National Savings Certificate (NSC), one of the several government-backed small savings schemes, grows at 7.7 per cent compounded annually, but is only paid at the end of the full maturity period of five years. Here are some examples to understand how your investment of Rs 10,000, Rs 25,000, Rs 50,000 or any other amount grows over time by the end of the five-year period.
Thu, Mar 07, 2024
What did the US Fed Chairman say in the US Congress? How is the US Fed's statement relevant to the market? How was the impact on bond yields and dollar index? Understand Fed Chairman's statement from Anil Singhvi...
Thu, Feb 29, 2024
5-year SBI FD vs 5-year post office FD: Did you know that money parked in a five-year fixed deposit (FD) not only grows steadily and safely but also helps you avail income tax benefits up to Rs 1.5 lakh in a financial year? This article compares two such term deposit instruments. Read on to learn more.
Wed, Feb 28, 2024
Post Office Mahila Samman Savings Scheme (Mahila Samman Bachat Yojana): The latest among government-guaranteed small savings schemes, the Mahila Samman Savings Certificate, available at post offices, is a limited-period investment plan that delivers an annual return of 7.5 per cent, compounded quarterly, in a fixed term of two years. For instance, a one-time investment of Rs 10,000 in the Mahila Samman Bachat Patra (Savings Certificate) grows into Rs 11,602 upon maturity.
The bank's net income rose to C$922 million ($678.99 million), or C$2.59 per share, in the quarter, from C$876 million, or C$2.47 per share, a year earlier.
Tue, Feb 27, 2024
Post Office Mahila Samman Savings Certificate 2024: Launched in April 2023, the Mahila Samman Savings Certificate, also known as Mahila Samman Bachat Patra, is the latest among government-guaranteed small savings schemes.
Post Office Senior Citizen Savings Scheme (SCSS) 2024 interest rate: Investment of Rs 10,000 in this government-guaranteed small savings scheme grows investment of every Rs 10,000 into Rs 10,820 in a year. Confused? Read on to know the exact calculation and rate of return.
Mon, Feb 26, 2024
Post office senior citizen scheme interest rate: Investment in a Senior Citizen Savings Scheme (SCSS) account at the post office yields a return of 8.2 per cent per annum, compounded every quarter, for the three-month period ending March 31, 2024.
Thu, Feb 08, 2024
RBI MPC February 2024 meet: In the last rate-setting meeting of fiscal 2023–24, the committee also decided to maintain the "withdrawal of accommodation" stance.
Wed, Feb 07, 2024
RBI Monetary Policy HIGHLIGHTS, RBI MPC Meet Feb 2024, Repo Rate: The RBI Governor Shaktikanta Das-led Monetary Policy Committee left the repo rate, or the key interest rate at which the central bank lends money to commercial banks, unchanged at 6.5 per cent on February 8. The status quo on monetary policy comes days after Finance Minister Nirmala Sitharaman unveiled the Interim Budget 2024 in Parliament on February 1, 2024. Catch all the highlights of the February 2024 RBI monetary policy review, expert views, market reaction, and much more here.
Thu, Jan 18, 2024
More than 70 per cent of respondents in the latest poll called for rate cuts before July compared to around 57 per cent who said the same thing in a December poll.
Thu, Dec 14, 2023
While the interest rate increases have helped in the battle against inflation, the squeeze on consumer spending, primarily through higher mortgage rates, has weighed on British economic growth.
Fri, Dec 08, 2023
RBI Monetary Policy HIGHLIGHTS, RBI MPC Meet Dec 2023, Repo Rate: RBI Governor Shaktikanta Das announced a status quo on the repo rate, as widely expected, in the MPC's last scheduled policy review of 2023. Catch all the highlights here.
Thu, Nov 30, 2023
The rupee's "absolute lack of acknowledgement" to the changing dollar and the U.S. interest rate outlook is "confounding to say the least", an FX trader at a bank said.
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