In order to encourage people to get Covid-19 jabs, the government has taken various steps. In accordance with the government’s stand, a few bank
To encourage people to go for Covid-19 jabs, Punjab and Sind Bank (PSB) has launched a special deposit scheme, called PSB Swasth Bharat TD Scheme. Und
State Bank of India and HDFC Bank are offering only 5.80% interest on FDs for the same tenure.
Fixed deposits: Kotak Mahindra Bank and Fincare Small Finance Bank have recently revised interest rates on FDs.
Fixed Deposits: Indian Bank and Central Bank of India have revised interest rates on FDs.
Debt mutual fund provides emergency money on hand in case of unforeseen circumstances.
But an individual should consider some important factors before investing in corporate FDs. One of the main factors is safety of deposit.
If you have accrued a credit card bill that's keeping you awake at night because of the interest, use your tax refund to pay it off.
Corporate FDs offer 0.75 to 2% higher returns than regular fixed deposits.
If interest rate is hovering within range of 100 basis points or more it is always better to go for floating rate FDs than normal one, said an expert.