Fixed Deposit – Report Wire

June 2023
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Public provident fund: One can withdraw 60% of the PPF maturity amount in case of financial emergencies before completion of the five-year extension. (iStock)

3 min read

Public provident fund: Should you lengthen your PPF account after maturity?

Public provident fund or PPF account is a Government of India or GoI-backed small saving scheme, which is hundred per...

2 min read

Ujjivan Small Finance Bank revises FD charges of curiosity. Know particulars

Ujjivan Small Finance Bank revised its mounted deposits charges of curiosity, at a proposal of 8.25 per cent for regular...

The appeal of FDs extends to various segments of the population, including risk-averse individuals and senior citizens. (iStockphoto)

5 min read

How laddering, barbell can get you larger returns from FDs

The attraction of FDs extends to various segments of the inhabitants, along with risk-averse folks and senior residents. These groups...

Fixed deposits have advantages, especially for investors with no or limited income sources and those earning below the basic exemption limits under old and new tax regimes. (Mint)

2 min read

Your monetary establishment mounted deposit (FD) couldn’t fetch 7-9% curiosity after tax

Investing in monetary establishment mounted deposit (FD) is taken into consideration to be safe and is a popular funding software...

These new interest rates are applicable on fresh deposits and renewals of maturing deposits of up to ₹5 crore. (iStock)

2 min read

Bajaj Finance hikes FD costs by 40 bps, senior residents earn as extreme as 8.6%

NBFC massive, Bajaj Finance has hiked mounted deposit charges of curiosity by 40% on plenty of tenures ranging from 36...

2 min read

Bajaj Finance hikes FD expenses by 40 bps, senior residents earn as extreme as 8.6%

NBFC large, Bajaj Finance has hiked mounted deposit charges of curiosity by 40% on quite a few tenures ranging from...

Post offices offer facilities of term deposits much similar to bank fixed deposits. (iStock)

3 min read

Why you should open mounted deposit (FD) in publish office in its place of various banks

Amid this volatility throughout the stock market, of us have started putting their money in mounted deposits (FD). Since May...

Investors seeking to invest in bank fixed deposits for a longer period may consider a ladder strategy.

4 min read

Time to rejig your fixed deposit (FD) funding. What specialists say

The Reserve Bank of India (RBI) has decided to halt charge of curiosity hikes, signaling that the speed of curiosity...

Gold, silver and other bullion prices are also expected to shot up after the RBI MPC meeting outcome, say experts. (MINT)

3 min read

Explained: How RBI protection meeting closing consequence might affect your portfolio

Portfolio administration: After the shock closing consequence from RBI protection meeting to pause price of curiosity hike, patrons are busy...

SCSS account; Maximum deposit limit is now ₹30 lakh from April 1st instead of ₹15 lakh in FY23. (iStock)

2 min read

Senior Citizens Saving Scheme: Interest charge, different modifications from April 1, 2023

Senior Citizens Saving Scheme (SCSS): The Government of India (GoI) has introduced small financial savings scheme rate of interest efficient...

Fixed deposit interest rate: This bank is offering 8.75 per cent FD rates on 181 to 201 days tenure.

2 min read

FD rate of interest: This financial institution is giving as much as 9% return on fastened deposits

FD rate of interest: In FY23, financial institution fastened deposit (FD) rates of interest have risen from round 5.5 per...

Ways to save income tax by investing in your child's name

6 min read

How to create a debt portfolio that may fetch 8% plus returns

With the Reserve Bank of India (RBI) growing rates of interest since May, mounted earnings merchandise—mounted deposits (FDs), bonds, and...

Besides, the savings are also useful to build an emergency corpus.

2 min read

Senior Citizens FD charges: SFBs that supply as much as 9.50% curiosity on fastened deposits

From personal, authorities to small finance banks, rates of interest on fastened deposits, popularly generally known as FDs, have been...

Top 8 ideas on type on investments to amass huge wealth.

4 min read

Forget inventory market, listed below are prime 8 investments concepts to become profitable

Diversifying one's portfolio past shares is important within the current market. Time and once more consultants have burdened on the...

3 min read

How to build up ₹40-50 lakh in 10 years for little one’s training?

I'm 37 years outdated and get a month-to-month wage of ₹70,000. I'll want round ₹40-50 lakh for my daughter’s training...

Almost all of the banks have increased interest rates on their fixed deposit products as a result of the RBI

3 min read

Should you ebook your mounted deposit now or look ahead to the charges to rise additional?

According to a current replace on December 7, 2022, when the Reserve Bank of India (RBI) elevated the repo price...

IDBI Bank has increased the rate of interest on deposits and now offers interest on 700 days tenure.

2 min read

IDBI Bank provides 7.60% rate of interest on this particular FD. Details right here

IDBI Bank has elevated the speed of curiosity on deposits and now provides curiosity on 700 days tenure. According to...

2 min read

How do I handle my son’s financial institution accounts?

My son, who was employed in India until 31 July 2021, left for the US on 8 August 2021 for...

In contrast to a regular Fixed Deposit (FD), where the interest rate is fixed for the duration of the deposit, the interest rates applicable on floating rate fixed deposit are linked to the prevailing repo rate. (iStock)

4 min read

Should you put money into floating price fastened deposits amid rising rates of interest?

Investment returns for floating price FDs are based mostly on a reference price, such because the repo price of the...

With the latest hike, the policy repo rate has climbed to a whopping 225 basis points so far in FY23. Now, the repo rate is at 6.25%, the highest level since August 2018. (iStock)

4 min read

FD charges to get extra enticing? RBI’s 35 bps charge hike makes a case

However, this time, the transition of 35 foundation factors repo charge hike to FD charges is anticipated to be on...

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