KNOW ALL ABOUT : Fixed Deposit
How should a senior citizen invest amount received on FD maturity to get monthly income?
You can equally divide the amount in corporate bond and floating rate funds. For monthly inc...
Where should I invest Rs 30 lakh to generate monthly income of Rs 20,000?
You should split the Rs 30 lakh between a mix of government-backed schemes, mutual funds and corporate fixe...
How can I avail tax break on interest income earned on RD, monthly income schemes and NSC?
Under Section 80TTA, you can claim a deduction of up to Rs 10,000 on savings bank/post office deposits. Interest earned on post office RD and NSC is eligible for exemption under Section 80C within the overall limit of Rs 1.5 lakh in the years.
SBI cuts MCLR by 5 bps across all tenors; reduces FD rates as well
The new MCLR rates will be effective from November 10. After the cut, the one-year MCLR stands at 8 percent. According to SBI’s press release, this is the bank’s seventh consecutive MCLR cut during the current financial year.
Women are 'recklessly cautious' with savings, prefer to park money in FD, PPF: Survey
The survey said nearly 44 per cent of the women said easy access to their money is important to them when they save or invest their hard earned money.
Perpetual bonds are offering higher interest rates than fixed deposits: Should you invest?
The yield being offered by these bonds are significantly higher than fixed deposit rates and therefore, it is natural for investors to be interested. So should you buy these bonds? Here is a closer look at the risks involved with perpetual bonds.
Do senior citizens with income less than Rs 5 lakh need to pay tax on FD interest income?
You are eligible for a basic exemption of Rs 3 lakh plus a tax rebate under Section 87A on taxable income up to Rs 5 lakh for the financial year 2019-20.
Falling FD rates set to hit 4 crore senior citizens hard
SBI cut both savings and deposit rates. There are about 4.1 crore senior citizen FD accounts with about 14 lakh crore in aggregate in them, according to an SBI report.
State Bank of India cuts interest rates on savings accounts, fixed deposits
This is a U-turn from the bank’s stance in August, where it had stated that it will keep interest rates on savings account unchanged.
Where to invest to build corpus for my sister's wedding
While building a corpus for your sister's wedding, your portfolio needs to ensure capital protection, liquidity and optimum returns.
Risk-free investment avenues for better returns
Considering one's age and risk appetite, one can shift from bank FDs to floating rate funds.
Can you claim refund on tax deducted on FD in the name of your children?
As per the Income-tax Act, the income of minor child shall be included in the income of the parent whose total income after including minor’s income is greater.
SBI cuts MCLR and fixed deposit rates across all tenors
Due to this rate cut, the one-year MCLR would come down to 8.15 percent a year from 8.25 percent. This is SBI's fifth consecutive cut in MCLR in FY 2019-20.
SBI to keep savings account interest rate unchanged; cuts FD rates again
Post the rate cut by RBI, SBI Savings account holders were supposed to earn 2.65 per cent.
How to build a corpus of Rs 5 crore in 25 years?
" Balance the risk-reward ratio by opting for a well-diversified bag of equity and debt funds to achieve your target corpus."
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