Fixed Deposit

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Fixed Deposit - Total results - 15
ICICI Bank offers interest rate of 6.55% to senior citizens, 80 bps more than general public
Business

ICICI Bank offers interest rate of 6.55% to senior citizens, 80 bps more than general public

Private lender ICICI Bank on Thursday announced a fixed deposit product with an enhanced interest rate offering of 0.80 percentage point for senior citizens

Arun Jaitley's bonanza for senior citizens poses a dilemma, FD or SB interest?
Business

Arun Jaitley's bonanza for senior citizens poses a dilemma, FD or SB interest?

The new tax benefit is, however, going to make senior citizens more wanted.

PPF, Kisan Vikas Patra interest rates to fall from 1 April, it's time to consider bolder investment options
Business

PPF, Kisan Vikas Patra interest rates to fall from 1 April, it's time to consider bolder investment options

The common refrain from small savers is that they do not understand financial instruments beyond fixed deposits

Pushing margin-hungry banks to cut loan rates may not augur well for savers
Business

Pushing margin-hungry banks to cut loan rates may not augur well for savers

Following the latest rate cut from the RBI by a higher-than-expected 50 bps, banks have begun cutting their base rates in the last two days.

 Gold monetization scheme: Why offering higher rate of interest is critical for its success
Economy

Gold monetization scheme: Why offering higher rate of interest is critical for its success

Going by the draft, under the GMS, an individual or entity can walk into a test centre and gets the gold melted, purity assessed and converted into bars, against which the bank will issue a certificate to the holder.

Confused between close and open ended MF? This wardrobe analogy will help
Money

Confused between close and open ended MF? This wardrobe analogy will help

Traditionally, Indian investors are used to buying a combination of open ended and close ended products.

Household financial savings rate inches up to 7.2% of GDP, finds RBI
Money

Household financial savings rate inches up to 7.2% of GDP, finds RBI

Savings in deposits by the households rose, however, to Rs 1 lakh crore (17 per cent) in the year to Rs 6.91 lakh crore in FY14 as against Rs 5.91 lakh crore in 2012-13.

Decoding Dena, OBC deposit scams: Why top level bankers can't go scot-free
Finance

Decoding Dena, OBC deposit scams: Why top level bankers can't go scot-free

About Rs 436 crore is involved in the financial irregularities in these two banks. In a damage control exercise, both banks have suspended or transferred the 'erred' staff.<br />

Govt orders forensic audit of Dena Bank, OBC after uncovering Rs 436 cr scam
Corporate

Govt orders forensic audit of Dena Bank, OBC after uncovering Rs 436 cr scam

The lenders are alleged to have indulged in siphoning off the money (Rs 180 crore by OBC and Rs 256 crore by Dena Bank) received as fixed deposits.<br />

009, Not 007: Why you should dump Mr FD for Mr Bond
Investing

009, Not 007: Why you should dump Mr FD for Mr Bond

Whatever the tenure, and whether you are in the lowest tax bracket or the highest, you can beat almost any safe bank FD return with a tax-free bond.

SBI raises fixed deposit rate by token 0.2% on select maturity
Investing

SBI raises fixed deposit rate by token 0.2% on select maturity

With the revision, term deposit between 180-210 days less than Rs 1 crore would now earn 7 percent against existing 6.80 percent, SBI said in a statement.<br /><br />

Why bank's TDS process has a bearing on your FD earning
Investing

Why bank's TDS process has a bearing on your FD earning

This is because when banks deduct TDS quarterly, the tax amount is cut from the principal amount every three months.

Last day: Here's a last minute tax savings guide
Investing

Last day: Here's a last minute tax savings guide

Here's a quick guide for last minute tax savings instruments. So, you can make an informed decision, and not simply rely on your agent's sales pitch.

SBI tax-saving FD ad trying to confuse investors?
Investing

SBI tax-saving FD ad trying to confuse investors?

The ad claims it is a five-year fixed deposit offering jaw-dropping high double-digit yields. But hold, before you fall for this big number, take a calculator and do the math yourself. You will be amazed to find out how deceptive the ad is.

All you wanted to know about credit-builder (secured) credit cards
Investing

All you wanted to know about credit-builder (secured) credit cards

Like the name suggests, it's a credit card. But unlike a regular credit card which is an unsecured debt, here the bank asks you for collateral or a security before giving you a card.