Several small finance banks are giving a high-interest rate of 6.5% to 6% on fixed deposits for a tenure of one to two years. Here are the details.
Money9 Helpline hosted My Wealth Protector CEO Nirmal Rewadia to help you understand how you can avoid such mistakes.
Any deposit is considered 'unclaimed' if the customer doesn't bother to make any transaction from the account for a decade.
Bank advances stood at Rs 102.82 lakh crore and deposits at Rs 141.61 lakh crore in the fortnight ended July 31
The logical question then is why is there an insurance of deposits up to Rs 5 lakhs if all the savings are safe?
Once the Bill becomes law, it will provide immediate relief to thousands of depositors, who had their money parked in stressed lenders
The credit disbursed by the banks is an important indicator of the economic activity in the country
In a scenario of low interest rates, varied expectations of returns on different instruments may be altering the savings preferences of some household
In the fortnight ended May 8, 2020, bank advances stood at Rs 102.52 lakh crore and deposits at Rs 138.50 lakh crore, according to RBI's Scheduled Banks' Statement of Position in India as on May 07, 2
The deadly pandemic has given a crucial lesson to everyone, that is, save money and set aside an emergency fund. With growing uncertainties, having a savings account becomes a must. It brings financia