-
Planning to invest in debt instruments? Here’s how much tax efficient they are
Debt instruments are generally considered safer investment options, but offer lower returns
-
RDs for senior citizens: These banks are offering the best interest rates
Recurring Deposit rates: RD is one of the most popular investment avenues in India. Interest rates on RDs are quarterly compounded.
-
Sukanya Samriddhi Yojana: Facts you may not know
Sukanya Samriddhi Yojana details: There is no limit on a number of deposits made in a month or a financial year
-
Emergency fund: Ten steps you need to follow to get it up and running immediately
No amount is too small for my emergency fund — this should be the mantra
-
Government can float tax-free instruments to soak up savings
Indians are in a mood to save and the government should utilise this opportunity to mobilise long term funds for building infrastructure
-
Is Indian consumer saving for the future?
The pandemic has led Indians to increased anxiety about their personal finances. Young Indians are more inclined to reduce discretionary spending rath
-
India’s household savings to grow by 23% in FY21: SBI
Covid-19 related restrictions are behind the spike, think experts
-
Fixed deposits: Claim process in case of someone’s death, check details
The depositor is always asked to select a nominee who can claim the proceeds in the unfortunate event of the depositor's death
-
Fixed Deposits: Check interest rates offered by post office for different tenors
The investment under 5 year TD qualifies for the benefit of section 80C of the Income Tax Act, 1961
-
These banks are offering up to 7.5% interest on FDs for senior citizens
Senior citizens can time and align their FDs with the varying tenures offered by the bank and encash them accordingly.
