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Recurring Deposits News
How you can sponsor your Europe trip just one year after joining work
Wed, May 15, 2019
Who wouldn't like to go on a long trip to Europe, the continent full of beautiful countries, popular cities and wonderful culture. But sadly, it is an expensive dream, that too when you have just started working.
When should an investor take a recurring deposit? Know the benefits
Thu, May 09, 2019
Recurring Deposits can be an ideal investment for individuals who cannot afford a risk and looking for a safe and smart investment. It allows you a risk free, tension free earning and offers great liquidity in case of an emergency.
What is a recurring deposit (RD) and how much you can invest in it; know all in brief
Wed, Feb 06, 2019
Recurring Deposit (RD) is a product to provide a person with an opportunity to build up saving through regular monthly deposits of fixed sum over a period of time. Key features of the Recurring Deposits Scheme as being offered by the State Bank of India (SBI):
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.
You money is in danger if you picked this risky option
Thu, Aug 02, 2018
Fixed Deposits (FD) and Recurring Deposits (RDs) remain one of the most popular saving instruments for customer segments, that have so far been out of the ambit of formal banking channels. These offer such customers a secure option for their savings in comparison to informal and riskier savings options like chit funds.
How to save money? A simple guide
Wed, May 17, 2017
Now, with a decade of work experience coupled with multiple job jumps, A earns a respectable Rs 80,000 a month. However, she still suffers from the same problem. She is 30-years old but has no savings as Rs 80,000 a month is too little to survive on in a city like New Delhi or Mumbai, she claims.