Skip to main content

Posts

Showing posts with the label Bank fixed deposit

Featured Post

How to Pick Mutual Funds That Beat the Market

  Smart Strategies for Investing in Mutual Funds: A Guide to Maximising Your Returns One of the most well-liked investing options for people looking for expert management and diversification without having to choose individual equities is a mutual fund. One of the easiest ways for people to accumulate wealth over time is through mutual fund investments. Mutual funds combine the capital of numerous individuals to invest in a diverse portfolio of stocks, bonds, and other securities, in contrast to direct stock market investing, which necessitates considerable time, study, and risk tolerance. Mutual funds are a well-liked option for both new and experienced investors due to their expert management and diversification. But merely investing in a mutual fund and crossing your fingers seldom yields the best outcomes. A comprehensive approach that matches the appropriate fund selection and management strategies with your financial objectives, risk tolerance, and investment timeline is nece...
Post a Comment
Read more

Many banks made changes in the interest received on FDs, know where to get FDs now beneficial

  The country's largest banks, State Bank of India (SBI), Canara Bank, IDFC First Bank and Kotak Mahindra Bank have recently revised the rates of interest on their fixed deposits (FD). Now the investor will get more interest on FD of some duration and less interest on FD of some duration. If you are also planning to make a fixed deposit, here we are telling you which bank is paying how much interest on the fixed deposit.   How much interest is being received on 2-year fixed deposit     Bank Interest Rate (in%) SBI 5.10 Canara Bank 5.40 IDFC First Bank 5.05 Kotak Mahindra Bnak 5.00 HDFC Bank 5.15 ICICI Bank 5.15 Punjab National Bank 5.20 Bank of Baroda 5.10 Bank of India 5.30 Union Bank 5.50     How much...
Post a Comment
Read more

How safe is it to invest in Bank FD of Small Finance Banks, know what the rules of RBI are?

  Nearly all major banks in the country have cut interest rates on deposits due to large cuts in policy rates by RBI monetary policy in the last few months. The FD interest rates of many banks have come down to a minimum level of 10 years. Due to this, the attraction of investment deposit fix deposit (FD), which is very popular among Indians, is now decreasing.   In such a situation, investors are looking towards small finance banks to get higher returns. Small finance banks are still offering 8% interest rate on FD. These attractive interest rates attract investors, but they also have insecurity about small finance banks. Let us know how safe it is to invest in investment schemes of small finance banks.   Investors feel that when large banks are not offering high-interest rates, what is the reason that small finance banks are offering a higher interest rate. It is an important to know here that when large banks have heavy liquidity, they are less inclined to get ...
Post a Comment
Read more

FD Interest Rate | These banks are paying up to 7.5% interest on fixed deposits

  The Reserve Bank of India has lowered the repo rate to 225 basis points since the beginning of 2019, affecting the interest rates of fixed deposits the most. However, now the demand for such investment options is increasing rapidly among people in whom returns are ensured and maximum returns are made. In fact, risk-averse investors such as senior citizens depend only on the monthly payment of their non-cumulative fixed deposits in the years following their retirement.   The reduction in a fixed deposit interest rates in recent times is a cause of great concern for investors, as their FD returns may prove inadequate to meet various financial goals on time. However, it may be beneficial to invest in a small finance bank for higher interest than fixed deposit returns, which are currently offering 2-4% higher rates than public and private banks.   However, before investing in the investors, get to know about its risk assessment and check the finances of these small ...
Post a Comment
Read more

Where to invest will be more beneficial | Time Deposit in Post Office, Monthly Income Plan or SBI Fix Deposit

  You can get into trouble by investing money anywhere without thinking. This can also ruin your hard-earned money. In such a situation, if you want to invest your money somewhere where your money is safe and you also get returns, then you can invest in post office time deposit, monthly income scheme and bank fixed deposit in SBI. Today we are telling you how much you will get by investing in all these three places.   Post office time deposit scheme, it is a kind of fixed deposit (FD). You can take advantage of fixed returns and interest payments by investing lump sum money for a fixed period in it. The post office time deposit account offers a time deposit interest rate of 5.5 to 6.7 per cent for a period ranging from 1 to 5 years. According to the official website of India Post, one can avail tax exemption under section 80C of Income Tax Act, 1961 for investing on a fixed deposit account of 5 years. It has to invest a minimum of 1000 rupees. There is no maximum investment li...
Post a Comment
Read more