Customer comes to the fore front of all banks today. With more and more services introduced to enhance customer experience in everyday banking and with frequent technological upgrades, the running costs of banks are hiking at a rocket pace. And it is quite natural for banks to pass a share of these to their customer… Read More »
With festival season around the corner, banks have started offering lower interest rates on many of their loan products to boost demand. Some banks have also changed deposit rates to attract customers. Here is a roundup of the latest interest rate cuts and deposit rate changes by leading banks in the country. Changes in interest… Read More »
Just a day after RBI governor Raghuram Rajan announced an unchanged repo rate policy in its bi-monthly monetary policy review, State Bank of India has announced a cut in short term deposit rates. Announcing the rate cut in an exchange filing, State Bank of India, the country’s largest public sector bank has reduced short term… Read More »
Are you overprotective about your funds? Or, are you eyeballing an excellent diversification tool for your relatively riskier portfolio? Then Fixed Income schemes are the best investment option for you. Fixed income schemes are those that help an investor to earn pre-defined returns within pre-defined time frame. These kind of investments are apt for those… Read More »
When emergency arises, you start looking for sources where you can arrange money from. You forage for assets that you can offer to get loan from the bank or else start looking for personal loan providers. Have you ever thought that the fixed deposits that you made years ago could come to your rescue? You… Read More »
Fixed deposits in banks are one of the most preferred investments by risk averse Indians who also look forward to earn a higher interest rate as compared to the normal savings account in the bank. Now these fixed deposits have another wonderful benefit to offer the customers and that is the provision to take a… Read More »
With the turbulent market conditions, interest rates have begun to go down to their all-time low. Banks that initially used to offer special deposit schemes that were designed to offer higher interest rates than those offered in the market are now destined to jump off the investment bandwagon. Many banks are thinking of removing such… Read More »
Short-term investment options in mutual funds offer better returns to investors as compared to fixed deposits. These instruments include liquid funds, income funds, and ultra short-term funds, which make investments in debt instruments and the money market, and are more profitable than fixed deposits, if you are seeking to make an investment for a period… Read More »
Corporate fixed deposits have risen as the latest dominating stars in the market, as other frontline shares and second-line shares continue to shake inconsistently in their fight for the spotlight. As investments in equities plummeted down due to the global economic meltdown, people were looking for other modes of investment that had performed relatively well… Read More »
You might have heard of the age-old adage where people are advised to make investments in the equity market and forget about it for a few years. This rule however, is not quite applicable to the behavior of debt instruments as they require constant monitoring over their performance. Lest you forget about them, you have… Read More »