The latest buzz across the nation has been about two giant game-changers. One, the Digital India campaign and two, the plausible rate cut across small savings schemes. While the former has hit an ecstatic chord with the masses, the latter is perplexing people about what the possible repercussions of this move could be.
What if you got an opportunity to unleash power of something lying dormant for long in a dark corner? We are not speaking about an unexploded WWII missile submerged in Pacific Ocean or the untapped potential of cricketer R Ashwin as a batman. The compass is pointing to gold, in the form of bullion or… Read More »
In India, bling is the only king. The women want more of it in their jewellery, the wise advise saving it for the bad times and rich offer it to god so that they can stock up more. The truth is we just can’t do without gold. Despite the government begging them not to, Indians… 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 »
According to a recent press report, the increase in the Repo Rate may not result in increase in the interest rates for Fixed Deposit. A report said that the banks will revise the interest rates for deposits once the central Bank makes changes in the repo rate. Reports said that the RBI has increased Repo… 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 »