BUSINESS
Fixed deposits for senior citizens: Leading banks that offer interest rates of up to 7.75% on three-year deposits
Banks such as Bank of Baroda, Axis Bank, HDFC Bank, ICICI Bank, SBI, among others are offering the best interest rates on three-year FDs for senior citizens.
BUSINESS
These banks offer interest rates of up to 7% on tax-saving FDs
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. Leading banks such as Axis Bank, HDFC Bank and ICICI Bank are offering the best interest rates.
BUSINESS
Four easy ways to avoid KYC and other banking frauds
The modus operandi of the fraudsters hinges on exploiting this sense of urgency and fear, coercing unsuspecting individuals into divulging sensitive personal information or login credentials, says Kaushal Sampat, Founder of Rubix Data Sciences.
BUSINESS
Tour operators woo women travellers with Holiday-Now-Pay-Later schemes. Should you opt?
Travellers with a good credit history are eligible to apply for 'Holiday-now-pay-later' schemes. It’s an unsecured loan product so interest rates are 20-30 percent per annum leading to higher interest payout in the loan tenure.
BUSINESS
A check-list to keep in mind when relocating to a new city for a job
Prepare a budget and stick to it, plan for big expenses, negotiate with your employer for a relocation allowance and company accommodation in the initial months, and re-evaluate your financial goals as well
BUSINESS
Up to 58% of home loan borrowers take Rs 10-50 lakh loans: Bank of Baroda study
As of September 2023, the home loan segment had the highest outstanding loans at 53.5 percent, followed by personal loans, vehicle loans, credit cards and consumer durable loans
BUSINESS
Three-year FD rates: These banks offer up to 7.25% interest on deposits
Bank of Baroda, SBI, and Union Bank of India among others are some of the leading public sector banks offering the best interest rates on three-year FDs.
BUSINESS
CBDC: Has RBI monetary policy injected a new life into the digital currency?
RBI Governor Shaktikanta Das said in his monetary policy speech that the Central Bank Digital Currency would be pre-programmed for specific use cases. Moneycontrol spoke with experts to glean insights into how this would work
BUSINESS
RBI Policy Impact on Home Loans: EMIs to stay unchanged as central bank holds repo rate at 6.5%
You could consider making part-prepayment of the loan out of your savings and investments. Just an extra few thousand every month can reduce your interest payout over the long term.
BUSINESS
Tokenisation flourishes with 68.5 cr tokens issued, says RBI official
In the last 15 to 18 months after implementing tokenisation, RBI has not seen any data breach or card data being compromised.
BUSINESS
Why pre-paying your housing loans early makes good financial sense
An increase of 5-10% in your annual EMI is enough to bring down your home loan interest costs by half. But pre-paying your home loan isn’t just about savings.
BUSINESS
Paytm Bank fiasco: Are your investments using Paytm Money safe?
Paytm Money is one of the biggest online platforms where investors can buy not just mutual funds, but also invest in equities and the National Pension System as well.
BUSINESS
Six key financial changes this February you need to consider
From evaluating the impact of interim Budget 2024 to start planning of investments to save taxes to subscribing to a new tranche of Sovereign Gold Bond which opens in February and diversifying the overall portfolio, a lot is happening in February. Here’s what to watch for.
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.
