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What happens if you don’t claim or renew your FDs?
As per previous regulations, the FD maturity amount would start earning savings interest rate. However, earlier this month, RBI introduced a new rule
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Needed: Confidence building measures for FDs
The government and banks must ensure that the humble fixed deposit doesn’t become an endangered investment instrument in the future.
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ICICI Bank, IDBI Bank hike fixed deposit interest rates
ICICI Bank hiked interest rates by 15 to 25 basis points on FDs while IDBI Bank raised it by 5 to 10 points
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This FD will take care of your monthly balance requirements
The Money Multiplier feature gives a person the liquidity of a savings account coupled with the returns of a fixed deposit
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Senior citizen FDs: Here are banks offering highest rates
Senior citizen savings: At a time when interest rates are at multi-year low, you should consider the inflation and tax aspect of it
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Unclaimed term deposits: Take note of this change
The amount left unclaimed will attract a rate of interest as applicable to savings account or the contracted rate of interest on the matured TD
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Credit card against fixed deposit: How it can benefit you
A credit card against a Fixed Deposit is like borrowing your own money where FD acts as a security or collateral
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Nine stories that created an impact on your wallet this week
Here's a look at some of the top personal finance stories of the week by Money9's editorial team
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Low returns: Senior citizens should rejig investments
We must realise that the conventional mechanism to provide support by offering high small saving rates is problematic for numerous reasons
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Senior Citizen FDs: Here's what private banks are offering
Senior citizens can time and align their FDs with the varying tenures offered by the bank and encash them accordingly
