SBI has created 'Wecare' scheme in the retail segment in which people above 60 get an additional interest of 30 basis points on FDs of 5 yrs or more.
Fixed deposits: If you are planning to invest in fixed deposits, it's always better to know the recent changes.
There are a few banks that allow an individual to make an FD without opening a savings account with them.
Various savings instruments such as MIS, FD MIS, MF SWP, SCSS, etc, are there which give monthly income.
Fixed deposits: FD interest rates of different banks vary by deposit amount, deposit tenure and type of depositor.
All bank deposits including savings, fixed, current and recurring deposit for up to the limit of Rs 5 lakh per bank is insured by the DICGC.
Even though NCDs are listed on stock exchanges, there may not be enough buyers when you want to sell your NCDs.
FDs normally have been destroyers of purchasing power though it’s the most popular form of savings and investment for the majority of people.
Premature withdrawal means the action of withdrawing funds from a fixed deposit account before maturity
Investors should adhere to an asset allocation strategy and utilise contingency reserves during emergencies