'TMFs trump FMPs and FDs when it comes to investing in a high-duration product.'
The government on Thursday kept interest rates unchanged on small savings schemes, including NSC and PPF, for the second quarter of 2022-23 amid high inflation and rising interest rate. The interest rate on small savings schemes has not been revised since the first quarter of 2020-21. Public Provident Fund (PPF) and National Savings Certificate (NSC) will continue to have an annual interest rate of 7.1 per cent and 6.8 per cent, respectively, in the second quarter of this fiscal.
Mondal, currently in judicial remand, is lodged in Asansol correctional home.
Every banker loves the four-letter word Casa as it plays an important role in lowering the cost of deposits. Every bank wants to increase its Casa, as a higher portion of Casa in the overall deposit liability brings down its cost of money, points out Tamal Bandyopadhyay.
Nominations and addresses are of paramount importance in bank accounts, insurance policies, mutual funds, etc.
Under another scheme of cumulative deposit plan, Tata Motors, which met with cold response from investors to its two separate rights issues last year to raise Rs 4,147 crore (Rs 41.47 billion) to partly fund its Jaguar and Land Rover deal, would offer 8.58 per cent interest on a minimum deposit of Rs 20,000 for two years and 9.88 per cent for three years.
If your interest income from bank fixed deposits falls well under the tax-exempt limit, tax deduction at source (TDS) can be avoided by submitting the details in Form Number 15A with the bank.
Do you know why banks are paying you more to attract your money? Do you know why fixed deposits are safer than stocks currently?
The chargesheet against the associate of Shiv Sena-UBT MP Sanjay Raut was submitted before the court's registry and it will come up before the special judge for cases under the Prevention of Money Laundering Act after scrutiny of papers.
Balanced advantage funds have the potential to earn superior risk-adjusted returns for the investor and offer a smoother investment journey.
Leading stock exchanges BSE and NSE on Friday decided to drop Yes Bank from Futures and Options segment from May 29. The existing Futures and Options contracts across all expiries will expire on May 28.
What if you could have an option apart from personal loan in times of crisis?
The Mumbai Bench of the National Company Law Tribunal (NCLT) on Monday approved Piramal Group's resolution plan for the beleaguered Dewan Housing Finance Ltd (DHFL), which has been reeling from the insolvency process since 2019. The plan put forward by Piramal Group, which has offered to pay Rs 37,250 crore, has been approved by the committee of creditors (CoC), the Reserve Bank of India (RBI), and the Competition Commission of India (CCI).
The mystery surrounding the alleged fund diversion from Zee Entertainment Enterprises (Zee) by founders Subhash Chandra and Punit Goenka has thickened with speculations of an amount multiple times higher than that cited by the ex-parte interim order passed by the Securities and Exchange Board of India (Sebi) dated June 12, 2023. While Zee shares witnessed a fresh selloff on Wednesday, news reports of accounting fraud left investors guessing about the hole in the media broadcaster's books. An order by the Securities Appellate Tribunal (SAT) in October 2023 had clearly hinted that Sebi's investigation had found a deeper rout.
The Employees' Provident Fund Organisation's (EPFO) apex decision-making body, Central Board of Trustees, decided to fix 8.5 per cent rate of interest for 2020-21 at its meeting in Srinagar on Thursday, sources said.
The ED also alleged that Karti had 'disposed' off a property in Gurugram and had 'closed certain bank accounts.
Do you have parents who have turned 60? You may want to forward Sarbajeet K Sen's suggestions to them.
TDS means tax deducted at Source. It is deducted by the banks if the interest earned on your fixed deposit exceeds Rs 10,000 in a financial year.
Secured credit cards offer benefits similar to regular credit cards and hence an applicant should try and get a card with lower fees and more features, suggests Sarbajeet K Sen.
An AI spokesperson said the airline was in a financial crisis and all employees were facing a financial crunch.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
With fixed deposit rates coming down, bonds are once again proving to be an attractive investment.
Traditionally FDs have been plain vanilla products but nowadays amid cut-throat competition, banks have modified these keeping in line with customers' requirements.
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.
Assets include Kalanithi Maran's shares worth Rs 139 cr in Sun Direct.
People are increasingly being drawn to trusty small savings instruments
Senior citizens should avoid putting their entire retirement corpus in SCSS.
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.
'Set aside around six months' monthly expenses for emergencies.' 'Keep this money in safe and liquid options, such as liquid funds and fixed deposits.'
Most people enter stock markets when it is time to exit. Now that the BSE Sensex has again climbed to near 12K levels should should you put your money into stocks? If yes, then how should go about it?
A fixed deposit probably ranks as the most conventional investment avenue for domestic investors. More importantly, given its offering, it makes an apt choice for risk-averse investors.
Never put all your eggs in one basket. This simple investment principle needs to be remembered especially in today's bad times.
Your money is protected by the Deposit Insurance and Credit Guarantee Corporation.
Satyam may have been loaded with funds of over Rs 5,000 crore as on September 2008, but it could have been left with just Rs 200 crore of maturable fixed deposits by the time IT firm's founder Ramalinga Raju revealed financial fraud on January 7.
Returns of liquid funds are meant only for the short term and don't help investors create wealth over the long term, as equity funds do.
>It's not easy to predict the market. But there are at least two positive factors to back the PSU banks, explains Tamal Bandyopadhyay.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
If the investor gives the highest degree of importance to capital preservation, then FDs should be his calling.
