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 »
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 »
She discussed the idea with her close friend Ashwath, who suggested she put the inheritance in a fixed deposit and get a home loan, as she could avail tax benefits for her income. Suchitra decided to mull over this and do her research on the subject.
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 »
According to a recent press repots loans against bank fixed deposits are gaining traction. As per the data released by the RBI, these loans jumped by about 25 per cent in April 2011, against about 3 per cent in April 2010. The loans against bank deposits went up by Rs 11,966 crore between April 23,… 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 »
Be regular with your investment. It is best to allocate a portion of your funds from your monthly income and make arrangements to transfer it immediately to another account, from where you can plan your fund allocation for each investment. Do not use the bank account that you utilise for your day to day expenses,… Read More »
Remember, diversification is the name of the game when it comes to investment. Just putting your money in FD will not help you get the best overall returns. You also need exposure to equities to get the growth in capital and beating inflation in the long run. Hence it is advisable to invest into both… Read More »
The highest risk faced with fixed deposits is the effect of inflation. The real return after adjusting for inflation is very less or sometimes negative for fixed deposits of banks. This is a big burden, particularly for retired people, who have invested their retirement proceeds to get regular income. Their income may be regular and… Read More »