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Shift idle funds to FDs, earn over 2.5 times of savings rate
If you have a large sum of money in a savings account and want to get better return than the 2.5-3% offered by banks, move it to a fixed deposit
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Moving beyond traditional investments
While equity mutual funds offer potential to build wealth over the long term, debt funds add to the stability and liquidity.
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Time for short, medium debt funds
It is often prudent for the investor to invest in the shorter end of the yield curve, where volatility is lower
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One-year FD: These banks are offering up to 6.25% interest
Small finance banks comparatively offer higher interest on FDs than major banks to attract more customers.
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Low returns better than getting duped
Senior citizens should be doubly cautious about financial fraudsters and should not put their money in unknown instruments.
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Three-year FDs: These banks are offering up to 7% interest
A few private banks and small finance banks are offering higher interest rates to attract new deposits.
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FDs with floating interest rates: All you need to know
In this scheme, the tenure and the investment amount are fixed but the interest rate varies from time to time.
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ICICI Bank extends window of special FD for senior citizens
Senior citizens can avail ICICI Bank golden FD facility till April 8, 2022.
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Financial planning for first-time employees and freshers
Money9 Helpline hosted Priyanka Ketkar, Director of Purplefinch to help you understand on what basis should first-timers do financial planning.
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Here's all you need to know about guaranteed return plans
When planning to invest in guaranteed return plans, it is always suggested to buy it online due a plethora of benefits available here.
