BUSINESS
FD rates: These banks offer up to 7.25% interest on 2-year deposits
Leading public and private sector banks such as Axis Bank, Bank of Baroda, HDFC Bank, ICICI Bank, State Bank of India, among others are offering the best interest rates on two-year FDs.
BUSINESS
Tax-saving FDs: These banks offer interest rates of up to 7%
Section 80C brings down your taxable income by allowing you to invest in a basket of instruments. Tax-saving bank fixed deposits is a popular instrument for those in the lower tax brackets and also who are closer to their retirement, for capital protection. It's important also to look at your financial goals.
BUSINESS
DCB Happy Savings Account offers cashback on UPI transactions: Should you open one?
The benefits go up only if you maintain a higher cash balance and spend more through UPI. The flip side is that the cashback facility can be taken away anytime
BUSINESS
Children settled abroad? Here is how to Will your assets
Bequeathing your assets to children who are settled abroad is tough, if you have a lot of physical assets like property, gold or silver. You should consolidate them as your kids may find it difficult to dispose them later.
BUSINESS
Bank of Baroda offers a new savings account for students: All you need to know
BOB BRO is a zero-balance savings account for students in the 16-25-year age bracket. This customised savings account will not only enable youngsters to learn to transact securely in the digital banking space but also help them build a relationship with the bank
BUSINESS
Fixed deposits for senior citizens: Banks that offer up to 7.75% interest on three-year deposits
Leading public and private sector banks such as Bank of Baroda, Axis Bank, HDFC Bank, SBI, Union bank of India, among others are offering the best interest rates on three-year FDs for senior citizens.
BUSINESS
How rich young Indians can write an effective, fool-proof Will
A Will not only serves as a guide to caring for their children financially but also allows young parents to spell out specific wishes about preferred guardians, educational options, religious upbringing and so on that can affect children’s well-being.
BUSINESS
FD rates: These banks offer up to 7.25% interest on 3-year deposits
Leading public and private sector banks such as Bank of Baroda, Axis Bank, HDFC Bank, SBI, Union bank of India, among others are offering the best interest rates on three-year FDs.
BUSINESS
ICICI Bank reduces benefits on 21 credit cards, imposes minimum card usage for airport lounge access
The bank has also withdrawn rewards on rent payments and e-wallet loading while levying currency conversion mark-up on payments in INR at overseas destinations.
BUSINESS
92% of outstanding loans are from housing, personal, auto, & credit card debt: RBI Data 2023
One of the key developments of 2023 was the RBI applying the brakes on unsecured and small-ticket loans by raising the risk weights. This has been seen as the central bank proactively managing the excess growth of small loans before asset quality worsens in this category.
BUSINESS
Financial Forecast: Four changes to watch out for in January
From next month, insurance companies will have to provide their health insurance policyholders with an updated customer information sheet (CIS). It is also the month when salaried people would need to file proof of their tax-saving investments.
BUSINESS
Score & Soar: Here’s how your credit score can help land that dream job
Employers in financial services or organisations where financial responsibility is crucial, might use the services of credit bureaus to screen an applicant’s credit profile for a bird’s eye view of the hire’s financial habits.
BUSINESS
Destination wedding on a budget: Say 'I Do' in Andamans, Jaipur, or Goa under Rs 50 lakh!
A quick flight and a romantic resort can add glitter to your wedding but destination weddings can cost a bomb. There are ways to cut costs though, if you plan it carefully.
BUSINESS
Marry Now, Pay Later? Why wedding loans are not a match made in heaven
While taking out a wedding loan or participating in a ‘Marry now, pay later’ scheme, borrowers must understand key terms such as interest rate, loan amount, and repayment schedule. You should borrow only to pay for the basic expenses and not to fund the showbiz part of the Big Fat Indian Wedding.
BUSINESS
No impact on home loan interest rates for now, as RBI leaves repo rate unchanged
RBI MPC meeting: Depositors, too, will continue enjoying higher interest rates for now, say experts
BUSINESS
Senior citizens and estate planning: 8 crucial mistakes to avoid
A well-documented estate plan can prevent family disputes and ensure harmony and peace, even after your lifetime. Therefore, act today.
BUSINESS
Made in heaven: How to choose a wedding planner
The expertise of wedding planners in organising this once-in-a-lifetime event can be highly beneficial. They offer a spectrum of services, ranging from full-service planning to partial assistance. The cost is based on the date of the wedding, location, number of guests, and list of services to be managed and coordinated.
BUSINESS
Seven financial changes that may impact you this December
From providing nomination or opt-out for investments in MFs and demat accounts to changes to HDFC Bank’s Regalia credit card lounge access within India, you need to be aware of several changes in the financial arena.
BUSINESS
Estate planning 101: Ten estate planning tips for senior citizens
Estate planning for senior citizens is required for the smooth transfer of assets and for the fulfilment of their wishes during their lifetime and after their death.
BUSINESS
FD rates: Small finance banks that offer up to 8.6% interest on 3-year deposits
Small Finance Banks are offering higher interest rates to garner newer deposits.
BUSINESS
Tying the knot? Tips to keep your wedding budget in control
From choosing the right venue to keeping in check unexpected costs, keep a close eye on the wedding budget that can just as easily spiral out of control. So, keep the right balance.
BUSINESS
Maintaining multiple bank accounts? Now, get single-view access to all transactions
Axis Bank and ICICI Bank customers can get a comprehensive view of their transactions across all bank accounts through the new account aggregator-enabled facility. At the click of a button, you can view bank balances, top spending and income categories, expense breakdowns, daily inflows, expenses, and balance analysis.
BUSINESS
Explained: Key Fact Statement of a loan and why it is important
RBI ban on Bajaj Finance: The RBI has asked Bajaj Finance to stop the sanction and disbursal of loans under two of its lending products with immediate effect, for not issuing Key Fact Statements to borrowers.
BUSINESS
FD rates for Senior Citizens: Banks that offer up to 8% interest on 3-year deposits
Senior citizens should invest a part of their savings in fixed deposits which offer liquidity and ensure interest income periodically.
