Jan 15, 2016 02:41 PM IST
Inoperative bank accounts must be attended to. Banks generally close internet banking, ATM, phone banking and such other facilities on such account.
- Mar 02, 2015 08:53 AM IST
Now the recurring deposits have been brought under the TDS ambit which means that if your earnings in a year from recurring deposits are more than Rs 10,000 then there will be an amount deducted and the net figure would be available to you at the time of the payout
- Aug 22, 2014 07:25 PM IST
Till recently FMPs were winning the battle due to their tax advantage, but with the new tax rules have created a more level playing field.
- Mar 13, 2014 04:48 PM IST
People, who invest in FD, think that it‘s a one time investment and they don‘t need to check it constantly. Unfortunately, that‘s a wrong notion. Since, if you don‘t know, let me tell you, FD returns attract higher taxes.
- Feb 28, 2014 05:51 PM IST
Fixed income products like Public Provident Fund, Post Office Monthly Income Scheme, Senior Citizen‘s Savings Scheme, Employee Provident Fund, National Savings Certificate etc. have stood the test of times.
- Feb 17, 2014 06:38 PM IST
There are various asset classes that you can choose for your portfolio as you go about achieving your goals. An investment option that is suitable under several circumstances will be fixed income instruments.
- Dec 31, 2013 05:19 PM IST
The Reserve Bank of India has given clear signals that it is watching the retail inflation rates closely and any adequate rise in inflation rates would compel it to increase repo rates which would lower fixed deposit rates substantially.
- Dec 17, 2013 04:30 PM IST
Juzer Gabajiwala of Ventura Securities tries to decipher a better investment alternative among bonds or fixed deposits.
- Nov 20, 2013 04:24 PM IST
The attraction for a fixed deposit and a recurring deposit is the fixed returns with safety of money invested. But when you compare the two, a fixed deposit scores higher than a recurring deposit.
- Oct 17, 2013 05:00 PM IST
An investment is done with some view in mind. It is never investment for investment‘s sake or with the motive of getting maximum returns.
- Aug 10, 2013 04:51 PM IST
BankBazaar.com explains the balance maintained by an individual in their savings bank accounts earn an interest. Before RBI deregulated the savings bank interest rate regime, all banks offered 4% p.a. Post this in 2011, banks were allowed to decide the interest rate they wanted to pay on savings bank accounts
- Aug 08, 2013 08:51 PM IST
Given the tight liquidity situation, investors have a chance to earn higher returns on their fixed deposits with banks
- Jul 16, 2013 06:33 PM IST
Rajiv Raj of creditvidya.com explains on availing the benefits of overdraft facility in bank deposit schemes. This is done so that investments in fixed deposits are untouched when some amount of money is needed urgently for a short period of time.
- May 20, 2013 12:08 PM IST
Many NRIs are often faced with the situation of maintaining a Rupee account in India. There are two options available with NRI interested in opening bank account in India - NRE or NRO account. Read this space to know the difference between these two accounts and know when to choose what account.
- May 16, 2013 03:42 PM IST
FDs are becoming popular investment among investors in the current interest regime. However, the actual return earned on a fixed deposit can be less that what is stated due to tax aspect attached to a FD. Financial expert Nitin Vyakaranam gives us insightful information on how tax is calculated and how taxes can be saved on FD investment.
- May 15, 2013 05:23 PM IST
Fixed deposits have always been popular due to their characteristics of safety of capital and a surety of returns. The high interest rates of the past few years have further increased the popularity of fixed deposits as an investment. Read this space to know some insightful tips from financial expert Shweta Jain before investing in fixed deposits.
- Apr 09, 2013 12:27 PM IST
All of us build our contingency reserves and keep it in our locker or savings bank. Along with maintaining liquidity, it is also possible to earn a higher rate of interest on our deposits in savings account. Here are the 2 options that can help you earn a higher rate of interest on your money lying idle in your savings account.
- Feb 21, 2013 05:04 PM IST
On the face of it, it does not get any simpler than investing in a fixed deposit. However, such a simplistic interpretation can prove costly for your finances. Read this space to know 5 most critical points to consider before investing in a FD.
- Feb 11, 2013 04:17 PM IST
It is again that time of the year when taxpayers invest in tax saving instruments to save their tax. Investors especially who are risk averse in nature bend towards Fixed Income instruments. Read this space to know various tax saving options under Fixed Income space that will not only help you to save taxes but also yield attractive returns.
- Feb 06, 2013 12:02 PM IST
With the RBI slashing Repo rates, there is renewed expectation that people will loosen their purse strings and invest. Be it extension of tax free bond, attractive FDs or FMPs, each product manufacturer is putting its best efforts to lure investors. Here are a few options you should consider in mind while falling for such attractive options.
- Jan 03, 2013 05:49 PM IST
Investors are often seen confused when it comes to choosing between Tax free Bonds and Fixed Deposits. Choosing one between the two largely depends on investor‘s goal as pros and cons exist in both the products. Read this space to know what factors differentiate these two fixed income instruments to take better investment decision.
- Dec 31, 2012 09:17 AM IST
As far as fixed income investments are concerned, interest rate movement and taxation laws applicable to each of these investments play very important roles.
- Dec 05, 2012 11:40 AM IST
When it comes to investing in Tax- Free Bonds, many investors prefer to compare it with most popular fixed income instrument - Bank fixed deposits. Financial expert Shiv Kukreja draws a comparison between these two investment products to enable investors to take better decision.
- Nov 29, 2012 12:18 PM IST
With interest rates almost at the peak, FDs are offering good returns of up to 10 ï¿½ 11%. Financial advisor Satkam Divya guides us about the pros and cons of fixed deposits and their tax implications.
- Oct 29, 2012 04:32 PM IST
Tax Planning is an integral element of personal finance. While investing, it is important to look at risk returns attached to any tax saving instrument. Read this space to know the key things on various tax saving instrument.