BUSINESS
As NRO deposit rates go up, these banks offer up to 7.7% interest on five year tenor
The average interest rates of top 10 banks is 7.07 percent for fixed deposits with five-year tenor, according to data compiled by BankBazaar
BUSINESS
Age of fintechs: These financial intermediaries make life easier but there're caveats too
Innovative products and services being offered by the financial technology companies are disrupting the traditional methods of managing finances and spending
MCMINIS
Why a loan against FD instead of personal loan?
BUSINESS
Fixed Deposit Rates: These banks offer up to 7.5% interest for 5-year tenor
The average interest rates of top 10 banks is 6.9 percent for FDs with tenor around 5 years, according to data compiled by BankBazaar
BUSINESS
Investing abroad series: Use NRO account for family expenses and NRE account for investments
Opening an NRE or NRO account helps NRIs in multiple ways. For instance, you can transfer your foreign earnings to India for periodical expenses of dependent family members or for making investments in India.
BUSINESS
Fixed Deposit rates go up: These banks offer up to 7.5% interest for up to 3 years
Small finance banks lead with the highest interest rates, followed by a foreign bank and private banks. The interest rates on FDs offered by public sector banks are not competitive like other banks.
MCMINIS
How to benefit from UPI AutoPay feature
BUSINESS
Here are five money matters that need your attention this September
Reduced time limit to verify tax returns, increase in issuance fees and annual charges on debit cards, securing the cards with tokenisation, hike in fees for investing in National Pension System—there is a lot happening in September. Here is what you need to watch out for.
BUSINESS
These private sector banks offer the highest interest rates on tax-saving fixed deposits
A host of smaller and new private sector banks are offering higher interest rates on tax-saving FDs to garner new deposits
BUSINESS
Can LenDenClub deliver on its intent of 12% return on P2P product? A Moneycontrol review
With multiple risks involved in it, invest in the product with caution after you have enough of a corpus built up in well-regulated and more transparent products.
BUSINESS
Banks hike FD rates for senior citizens. Is it time to invest?
Investment in fixed deposits offer liquidity and periodical interest income to senior citizens
MCMINIS
What is an account aggregator framework?
BUSINESS
Do you travel frequently? Here are five best credit cards with complimentary airport lounge access
For frequent traveller by airways, credit cards with airport lounge access are very useful. So, choose the one which is economical in annual fees and provides the most benefits.
BUSINESS
Armed forces personnel must secure their finances for a comfortable retired life
In addition to provident fund, have an exposure to equities early in your career for long-term wealth creation so that you do not have to diminish your corpus for one-off expenses like weddings and a child’s higher education.
BUSINESS
Online shopping sites and physical store line up Festive Sale offers: Four smart shopping tips to make the most of it
This festive season, before you shop, understand whether it's a need or a desire to purchase, take a step to save now and buy later, do the math behind deep-discount schemes offered, and more suggestions.
BUSINESS
Bullets to Budgets: A retired colonel who learnt from his mistakes and now helps defence personnel with financial planning
Sanjeev Govila is a retired colonel who studied financial and investment planning and now runs a firm called Hum Fauji Initiatives that exclusively helps the armed forces in financial planning.
MCMINIS
What must be included in a rental agreement?
BUSINESS
Home loan EMIs set to rise: Four strategies to reduce your home loan burden
Additional EMI and lump-sum prepayments can reduce interest outgo, loan tenure
BUSINESS
RBI hikes repo rate by 50 bps: EMIs to shoot up for borrowers, interests to rise for depositors
Typically, when interest rates goes up, banks tend to extend loan tenure and not EMI first, pushing up the interest outgo for home loan borrowers significantly over long tenures of 15-30 years
PERSONAL-FINANCE
Short-Term FD Rates: These banks offer up to 6.60% interest on three-year FDs
Several banks have sharply hiked interest rates on fixed deposits across tenures after the Reserve Bank of India raised repo rate by 90 basis points in May-June this year.
BUSINESS
Independence Day | Five credit cards that make online shopping more rewarding
While shopping during Independence Day and the festive season, spend smartly and responsibly. These cards have also been arranged according to the least annual fees.
MCMINIS
How to deal with costlier home loans?
MCMINIS
Should you stand as a loan guarantor?
BUSINESS
Five important money matters that need your attention this August
RBI’s monetary policy announcement, penalties for belated income tax returns, smart shopping tips, penalties on premature withdrawal of fixed deposits — there is a lot happening in August. Here is what you need to watch out for.
