With panic rising amongst investors in the country, people who have invested in fixed deposits are afraid of a further slash in interest rates and are hence rushing to renew their fixed deposits at the existing rates of interest. Banks are further trying to focus on their Current and Savings Account also known as the… Read More »
Over the last year, our country has witnessed a situation of rising inflation, a turbulent stock market and a decline in the prices of bonds. The Reserve Bank of India has been responsible for hiking the rates of interest and a further hike in rates, in the near future, cannot be ruled out. All this… Read More »
A Fixed Deposit / Term Deposit is an account which allows one to deposit money for a fixed time period. When the deposit period is over, (i.e. at maturity of the deposit) the depositors get interest on the amount that is deposited. The fixed deposit interest rates can be as high as 9.5%. Any individual/HUF/Trust/Partnership… Read More »