A cumulative fixed deposit plan allows you to re-invest your interest and grow your corpus by using the compounding benefits
Following Indian Bank, another public sector lender has revised interest rates on fixed deposits. Central Bank of India has hiked the rate on FDs of t
Different banks offer different interest across tenures. The rate of interest remains fixed till maturity once the deposit is made.
'Sweep-in' facility forms a separate corpus that you can dip into during emergencies, without touching your regular investments
An overdraft facility is short-term pre-approved loan offered by banks and financial institutions that are granted banking rights by the central bank
A high interest rate on credit cards, as high as 40-50% per annum, along with late payment fees, is very difficult to handle for any individual
Amit Kukreja, founder, Amitkukreja.com, told Money9 that people can opt for a zero default product called RBI Floating Rate Bonds
The increase in rates by the housing finance company comes at a time when all the lenders have been reducing interest rates on their fixed deposits