Rate applicable to both fresh deposits and renewals of up to Rs 2 crore for a tenure of 600 days, seniors to get 0.5% more
For 1 year to less than 2 years, SBI is offering 6.10% as compared to 5.60% earlier
For tax-efficient exposure, go for target maturity funds maturing in 2026-2028
The YTM of most debt funds tops 6.5%, indicating that they can at least do better than FDs in the near future
For periods longer than 3 years, it is a good idea to explore debt mutual funds that offer indexation benefits and lower the tax outgo
The sharp reversal in the interest rate regime by global central banks and high inflation has eroded returns from equities. Where should an investor, with a surplus investable amount, put their money?
Court permits Xiongwei Li to travel abroad after providing a FDR of Rs 5 crore
Since predicting peak rate is impossible, deploy in tranches over the next few months
The CBI has frozen fixed deposits worth Rs 16.97 crore allegedly belonging to TMC leader Anubrata Mondal and his family members in connection with a case of cattle smuggling across Indo-Bangladesh boder, officials said Wednesday. The agency detected the fixed deposits during its continuing probe in the case, they said. The CBI on Wednesday visited Mondal's Nichupatti residence in Bolpur to question his daughter but left within 10 minutes after Sukanya refused to talk to them. The agency had arrested Mondal last Thursday from his residence after he skipped his scheduled appearance before the central probe agency twice in three days, an official said. The CBI has alleged that Vikas Mishra, brother of absconding TMC leader Vinay Mishra, and Mondal provided protection to associates of alleged cattle smuggler Enamul Haq who used to buy animals at a market in Ilambazar, the officials said. The smugglers used to ferry animals from Ilambazar to Indo-Bangla border under the alleged protect
Debt fund investors should keep the bulk of their investments in shorter-duration funds, 10-20% in longer-duration ones
Check the return for your age, tenure, and premium variant, and if proceeds will be tax-free
Investors who want to avoid their long lock-in can choose from a host of other high credit quality options
Lender also raises interest rates on standard FDs, capping them at 6.5% for regular customers, 7.25% for seniors
Home loan borrowers must pre-pay, or opt for higher EMI, to prevent loan tenure from rising
BNPL, small-ticket consumer loans are other options to build credit history
Here is how the fixed deposit rates offered by various banks stack up
State Bank of India, the country's largest lender, on Saturday increased interest rates on fixed deposit (FD) by upto 10 basis points or 0.10 per cent.
Here is how the fixed deposit rates offered by various banks stack up
The Reserve Bank of India (RBI) in its latest monetary policy review has projected retail inflation at 5.3 per cent for the current financial year.
1-year returns down to less than 3.5%, below short-term rates offered by banks on FDs