With home loan rates headed north, experts advise how borrowers should cope with their rising liabilities.
When he didn't respond (Mr Saver has lost count of how many relationship managers he has had in the past few years!), the gentleman landed up at his doorstep and started pleading with him to open fixed deposits with the bank, observes Tamal Bandyopadhyay.
Be wary of co-operative banks which have historically been most vulnerable.
Senior citizens should avoid putting their entire retirement corpus in SCSS.
'Banks will continue to increase FD rates to attract more deposits and meet the increasing demand for credit.'
If you invest for the shorter-term now, you will be able to roll over to higher rates when the interest-rate cycle turns, advises Sarbajeet K Sen.
MMFs are a good option for the current environment, observes Sarbajeet K Sen.
Equity investments are fruitful over the very long 20-year term.
The country's largest lender State Bank of India on Wednesday said it has reduced its marginal cost of fund-based lending rate (MCLR) by up to 15 basis points across various tenures, effective March 10. The bank has reduced its one-year MCLR by 10 basis points to 7.75 per cent from the earlier 7.85 per cent, SBI said.
The Board of Control for Cricket in India has tied up with UK-based company Sportradar, which will offer its "integrity services" to prevent match-fixing, betting and other corrupt practices during the upcoming IPL through its Fraud Detection Services (FDS).
Banks are busy advertising attractive deposit rates that are on offer, lining up roadshows and door-to-door campaigns. Some of them are even offering incentives to their employees to woo depositors. As a result, they expect to mop up more than 20 per cent of what they usually do during November. Banks have also stepped up the deposit-mobilisation drive because they will be reducing interest rates from December.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
On April 14, 2016, the crime branch of the Thane police had seized over 20 tonnes of ephedrine and 2.5 tonnes of acetic anhydride drugs from a pharmaceutical factory - Avon Life Sciences - in Solapur and other locations in Thane and Ahmedabad.
'If I close my housing loan, are there any investment avenues (the investment should provide liquidity) to save tax?'
The price of bitcoin, the bestselling cryptocurrency, has shrunk nearly three times this year to mark the fate of such digital assets. Crashing prices, regulatory uncertainty and taxes have put Indian crypto exchanges in troubled waters. Finance Minister Nirmala Sitharaman's budget for FY23 announced a 30 per cent tax on any income from the transfer of virtual digital assets.
'Returns can be very variable in equity markets.' 'That is why I tell small investors don't put 100 per cent of your money in equities, even if you are young.'
It should always be remembered that investment in physical gold must always be in the form of coins/bars and should be in addition to the jewellery held by the household.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The three year lock-in period enables ELSS fund managers to invest in high conviction stocks for a long period of time because of relatively less redemption pressure, says Dwaipayan Bose
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
In these times of economic turbulence, more Indians prefer life insurance policies than fixed deposits, as an option to safeguard their capital, says a survey.
Postpone the purchase of big-ticket consumer durable items, recreational spending on holidays, and other such expenses unless your financial position is very secure, advises Sarbajeet K Sen.
'It's important that every portfolio is well diversified.' 'My own portfolio is diversified across asset classes: 50% is in equity funds, 15% in international schemes, 25% in debt funds and 10% in sovereign gold bonds.'
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
While it is okay to hunt for banks that offer higher rates, the safety aspect is equally important.
Amit Gupta, MD, Sag Infotech, answers your personal income tax queries.
State Bank of India announced on Friday a hike in interest rates on fixed deposits by 0.25 to 0.50 per cent with effect from Saturday.
A sackful of coins totalling Rs 1.75 lakh, certificates of fixed deposits of Rs 8.77 lakh and Rs 96,000 in bank savings accounts found at his home.
Life insurers are launching these again. Invest if you are conservative.
Some people have tried to secure their unaccounted cash by donating it to temples by taking its management into confidence and making receipt of such donations as anonymous donors
If you pledge market-linked instruments and their value plummets, you will have to provide additional collateral, points out Sanjay Kumar Singh.
How investing in non-convertible debentures gives better returns than investing in fixed deposits in these volatile times.
Exiting income funds at this stage and booking losses might prove to be the perfect recipe for disaster.
A day ahead of Lok Sabha polls announcement, the government today decided to hike interest rates on fixed deposit schemes offered by post offices by up to 0.2 per cent.
Now that interest rates are headed downwards fixed deposits will no more be attractive to investors. Stock markets too have run up too fast since January 2012. Here are some alternatives to earn higher and relatively risk-free returns.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Mihir Tanna, Associate Director, S K Patodia & Associates, will answer your personal income tax queries.
Is it a good idea to invest in debt-oriented mutual funds as the interest rates are rising? Or is it a good idea to invest in fixed maturity plans? Financial expert Vetapalem Sridhar answered these and other queries relating to financial planning for the young.
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