In the monetary policy statement on 8 August, RBI governor Shaktikanta Das touched upon the deposit challenge for the second time in less than three weeks. He said alternative investment avenues were…
Tag: fixed deposits
FD interest rates: These banks offer up to 7.65% on deposits of 3-year tenure
Before opening a fixed deposit (FD) with a bank, depositors tend to compare the interest rates offered by a bank with those of other banks. Typically, banks offer higher rates of interest…
5 key money changes to come into effect from May 1; check list here
Get ready for some significant money changes coming your way this May! Big players like Yes Bank and ICICI Bank are introducing a number of changes with revisions proposed to their savings…
Income Tax: How to minimise tax liabilities while maximising investment returns?
Almost threefold growth has occurred in Indian benchmarks over the past decade. The meteoric rise of the stock market has also attracted retail investors’ participation in India’s equity markets. Income from investments…
FD interest rates: 5 banks offer over 7% on their fixed deposits
Before locking their money in fixed deposits (FDs), investors tend to compare interest rates offered by different banks in order to maximise their earnings. As of now, banks offer highest returns on…
Income Tax: 5 high-value cash transactions may attract I-T notice
The department employs advanced data analytics tools to detect disparities between declared income and incurred expenses. It can cross-check information from diverse sources such as bank statements, property records, investment details, and…
Should I choose NRE or NRO fixed deposit?
I want to transfer ₹2 crore from my NRI (non-resident Indian) account in ICICI Bank to my residence country abroad and then transfer again this amount in dollars to ICICI Bank in…
Women in Finance: 47% of female Indian earners in metros take independent financial decisions, says survey
The survey, aiming to explore a diverse array of behaviours such as participation in financial decision-making, goal-setting, saving and investing patterns, adoption of digital tools, and preferences for various banking products, engaged…
Market dynamics to be influenced by favourable cyclical factors in 2024, says Ashish Gupta of Axis MF
“India’s growth trajectory is expected to remain on a strong course supported by a recovery in capex and industrial activity,” said Gupta, adding that these, among other factors, should continue attracting investors…
Banks rush out deposit rate hikes in scramble for cash
A number of large and mid-sized banks raised term deposit rates in December, luring customers to park surplus money with them as the system liquidity deficit widened following tax outflows and tepid…