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Earned interest? Now pay taxes!
The taxpayer is required to show interest earnings from all their savings accounts within a financial year in his ITR under the head Income from other
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Think before you invest in credit risk mutual funds
Credit risk mutual funds are open-ended debt funds that invest in corporate bonds with lesser credit ratings that typically offer high yields.
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Banks to allow premature withdrawal of FDs up to Rs 1cr
The Reserve Bank of India (RBI) on Thursday said that banks will have to provide premature withdrawal facility on all fixed deposits up to Rs 1 crore.
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Good old FD giving MFs a tough fight
The total AUM of Indian mutual funds is growing rapidly. Despite this, banks have about 5x of this amount deposited with them.
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In time of need, this fund can come to rescue
Fixed deposits are the favoured saving instrument of common citizens, but they are not well aware of liquid mutual funds which can come in handy in ti
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Role of debt MF as an asset class
A debt mutual fund investment offers diversification, better liquidity as investors can easily withdraw their investments at any time.
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Have spare cash? Lock into higher FD rates now
With liquidity improving and shorter money market rates climbing down, some commercial banks have started trimming interest rates on fixed deposits ca
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Will FD interest rates stop rising now?
According to RBI data, in the financial year 2022-23, there was an increase of 15% in the demand for loans in banks
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SGB returns outperform all other investments
Like mutual funds, these bonds are denominated in units. On selling them, instead of gold, the bonds are redeemed in cash according to their current v
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Last chance to lock FD on high interest?
The decline in bond yields indicates that the market is not expecting an increase in the policy rates from the Reserve Bank in future, rather the mark
