Page 7 - Latest Updates on Fixed Deposit
No ITR for those of 75 years and above if pension, FD interest in same bank
Senior citizens of 75 years and above having pension income and interest from fixed deposit in the same bank would not be required to file income tax returns for the financial year beginning April 1
 "No ITR for those of 75 years and above if pension, FD interest in same bank")
Genex to provide FD of Rs 11,000 to girl child to promote gender equality
Genex Child Development Programme, that works on gender equality, said it will provide a fixed deposit of Rs 11,000 to every girl child born in India, whose parents register for the initiative
 "Genex to provide FD of Rs 11,000 to girl child to promote gender equality")
Risk and return: Make the right trade-off
An SIP in an equity fund can reduce the average cost of investing and boost return. But it can't eliminate the risk of loss of principal
Major relief for senior citizens as SBI offers 80 bps more on FDs
SBI's new product offers good rates but SCSS and RBI's savings bonds are more attractive
 "Major relief for senior citizens as SBI offers 80 bps more on FDs")
Good time to opt for voluntary provident fund to enhance returns
Liquidity is an issue, but it scores on other parameters
 "Good time to opt for voluntary provident fund to enhance returns")
Need emergency money? Don't break fixed deposit, borrow against it
Loan rate is 100-200 basis points higher than the FD rate
 "Need emergency money? Don't break fixed deposit, borrow against it")
For the broking industry, fears of liquidity drying up loom large
Brokers have blocked payouts to YES Bank accounts and disabled YES Bank in the payments gateway
 "For the broking industry, fears of liquidity drying up loom large")
Financial gifting can have roadblocks, especially if the recipient is minor
Stocks can be easily transferred, but gifting mutual funds and life insurance to distant relatives, family or friends is more complicated
 "Financial gifting can have roadblocks, especially if the recipient is minor")
BS Fund Manager: Can mutual funds win back the confidence of investors?
Given the recent credit events and equity market volatility, the going may not be easy for fund houses
 "BS Fund Manager: Can mutual funds win back the confidence of investors?")
Reader's corner: Mutual Funds
Ordinarily people derive a lot of comfort from investing into PPF, and rightly so
 "Reader's corner: Mutual Funds")
Add fixed deposits to your portfolio as rates on offer are quite reasonable
Many financial planners advise using this instrument for investment as well as meeting short-term goals
 "Add fixed deposits to your portfolio as rates on offer are quite reasonable")
Why bank fixed deposits make better sense than buying T-bills, G-secs
Retail investors have stayed away from G-secs due to lack of secondary market
 "Why bank fixed deposits make better sense than buying T-bills, G-secs")
Loan against fixed deposit is cheaper, more flexible than a personal loan
The effective rate of interest comes to 1-2%
 "Loan against fixed deposit is cheaper, more flexible than a personal loan")
Bank FDs to become unattractive?
Experts say FDs will become unattractive going ahead, and returns could turn negative, if you take into account inflation