Fixed Deposit, also called Term Deposit is an investment where the interest rate is guaranteed not to change for the nominated term, so you know exactly what your investment is worth. This is one of the most preferable and popular deposit schemes in the country. For tenures between 1 and 10 years, fixed deposits in banks currently fetch interest rates ranging from 5.50 to 6.50 percent. Meanwhile, company Fixed Deposit is the deposit placed by investors with companies for a fixed term carrying a prescribed rate of interest. Fixed deposits are popular because of the safe and secure nature of the investment. The principal amount is invested at a fixed interest rate and interest gain on the deposits accrues and grows over time when one invests in an FD. From as low as 7 days up to 10 years, FDs offer a wide range of tenures. Bank FDs come with some limitations such as premature withdrawals are not usually allowed or come with a penalty. Interest on a Term Deposit is payable to the depositor quarterly from the date of issue or at maturity along with principal. TDS is applicable as per Income Tax Rules. Form 15G/15H can be submitted by the depositor for exemption from tax deduction as per IT Rules. More
This complements our overall strategy of building our granular deposit base, as a retail mass market bank, said MD & CEO of the bank.
When you invest in a green deposit, the bank uses the money to lend to projects that support the United Nations Sustainable Development Goals, which include renewable energy, green transportation, waste management and so on.
The drastic fall in equity fund inflows in April 2023 doesn’t suggest fading interest in equities, as flows into systematic investment plans and accounts have gone up. But debt funds face serious competition from fixed deposits and small-saving schemes, say distributors.
The rate hike by Bajaj Finance make its fixed deposits a compelling choice for investors seeking longer-tenure options. With new investments in debt funds from April 1, 2023 not enjoying tax benefits over FDs, these deposits are attractive even for those in the higher tax brackets.
FD rates may be close to their peaks and it might be a good time to begin locking them – at least partly – in sufficiently long tenures
A Moneycontrol analysis shows that 5-year SIP return calculated for MC30 debt schemes outperformed the FD rates for the respective period 60 percent of the time
Bank FDs offer a certainty of income, but once the interest accrues, you have to pay tax and then reinvest the proceeds immediately, if you don’t need it. Debt funds help prevent such leakages.
In a big blow to mutual fund (MF) investors, capital gains from debt funds and certain other categories of non-equity MFs are set to be taxed at a higher rate.
Balanced advantage funds stand to gain as experts predict that conservative investors might shift to them to get the equity tax advantage
If you haven’t started your tax planning, do it now as we are just a few weeks away from March 31. Risk-averse investors and those in lower tax brackets can look at tax-saving fixed deposits.
The non-banking financial company has hiked FD rates by up to 35 basis points, for tenures between 15 months to 23 months, with effect from March 4.
Despite some boosts to the existing senior citizen's schemes, senior citizens should invest a part of their savings in FDs which offer liquidity and ensure interest income periodically.
Muthoot Finance’s NCD issue offers interest rates from 8.25 percent to 8.60 percent, over monthly and annual interest payment options. The firm gives gold loans as well as home and vehicle loans.
FM announced a new one-time small savings scheme for women in the Union Budget.
Fixed deposit rates are running high on the back of rising interest rates, but there might not be much upside left. Do not compromise on quality for the sake of slightly higher returns
With many banks offering interest rates between 6.25 per cent and almost 8 percent on FDs, people are parking funds in them for the short term. In the last 6-7 months, yields on MFs have been restricted to around 6-6.5 percent
"At heart, we will always be a crypto company. But the problem that we are trying to solve is investment itself," says CoinSwitch CEO Ashish Singhal
Foreign banks are offering a higher rate of interest compared to leading private and public sector banks. These banks are offering interest rates as high as 7.25 percent.
Small finance banks and smaller private banks top the FD interest rate charts on tax-saving deposits
Fixed deposit ‘laddering’ is about dividing your FD investments and spreading them over multiple smaller FDs with different maturity periods.
Senior citizens should prefer investing a part of their savings in FDs which offer liquidity and ensure interest income periodically
Banks big and small are trying to attract investors by offering higher interest rates — as high as 7.7 percent — but for a limited period only.
Top banks, including State Bank of India, HDFC Bank, IndusInd Bank and Yes Bank, have reported a double-digit increase in loan growth for the second quarter on a year-on-year basis. Deposit growth has also been strong
An investor can earn better yields from shorter term debt funds, tax-free bonds, small savings schemes, floating rate instruments, and high quality corporate deposits compared to FDs.