Court rejects Mamta Kulkarni's plea to de-freeze bank accounts

A special court in Thane has rejected former Bollywood actress Mamta Kulkarni's application for de-freezing her six bank accounts, three FDs and releasing two Mumbai flats sealed in connection with......

Why bank FDs are no longer the 'safe' option

Senior citizens and others depending upon income from bank fixed deposit (FD) schemes will be at the receiving end with the retail inflation exceeding the interest rates. Illustration: Uttam......

'How Will I Survive Without My Monthly Withdrawals?'

'I don't know when I will be able to access those funds.' IMAGE: Account holders at the New India Co-operative Bank's Versova branch, north west Mumbai. Photograph: Sahil Salvi   The Reserve......

All bank FDs may come under tax net

Individuals could soon lose tax benefits available on fixed deposits with an over five-year term once the direct taxes code comes into force from April 2011.Exemptions given on unit-linked......

Why FDs are great & which to choose

Two months back, high net worth investor and portfolio manager Amit Lele walked into his bank with, what seemed like, a strange request. He wanted to transfer a large sum of money into a six-month......