FDs or Fixed Deposits are amongst the safest and most secure investment options for Indian citizens. FDs do not have any element of risk in a manner of speaking and offer assured returns that help in meeting long-term wealth creation objectives. The rates of interest are higher in the current scenario and FDs are often […]
Investments Plans & Updates
Using NPS to lower your taxable income
The final quarter of FY2018-19 is upon us and most citizens are already planning on how to save on their taxes by investing in various financial products and other instruments that also give them good returns. This is the typical timeline every year when there are phone calls and messages being dispatched to taxpayers regarding […]
Examining the Investments that can earn deductions under Section 80C
Tax deductions are highly essential, no matter whichever side of the financial spectrum you operate in. Lowering one’s tax related liabilities is certainly a major priority, one that you should keep in mind at all times. Saving on income tax is not always the best reason to make investments. However, it always helps if you […]
FD rate revision confirmed by Axis Bank
FDs (Fixed Deposits) are safe and popular investment avenues where a certain deposit made by the customer earns interest for a particular time period. The annual returns are not subject to change due to any economic factors and market fluctuations. There are premature withdrawal provisions for FDs although they can have lock-in periods (minimum period […]
FD (Fixed Deposit) interest rates increased by SBI
State Bank of India (SBI) has increased its FD interest rates for customers between 0.05-0.10% or roughly between 5 and 10 basis points. FD interest rates have also been increased for deposits lower than Rs. 1 crore. For general customers, the new interest rates on FDs are 5.75% for tenors between 7 and 45 days […]
