Fixed maturity plans (FMP) are closed ended debt mutual funds which are very similar to fixed deposit by banks. These are of varying tenures like three months, six months, one and two years and rarely for three years. These schemes portfolio consists of debt securities such as Government Securities, certificate of deposit and commercial papers of [...]
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India’s largest bank State Bank of India (SBI) has reduced its NRE/NRO, Senior Citizen, Domestic Term Deposit Rates from April 24, 2012. Below are the revised rates. Premature withdrawal of SBI Term Deposits: Domestic Term and NRO Deposits should remain for a minimum period of 7 days and NRE Deposits should remain for a minimum period [...]
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SBI (State Bank of India) recently advertised its rates for NRE Term Deposit Rates in leading newspapers. The advantage of NRE Term deposit is that the interest paid is tax free in India and both principal and interest is fully Repatriable. The interest rate is 9.25% across tenures. The other thing to note is No [...]
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Fixed deposits are considered to be one of the most simple investments – easy to understand and not may complicated terms and conditions. But as all other investment products have increased in complexity with time, so have fixed deposits. There are few terms which you should know and this will help you to calculate your [...]
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There are times when you are very close to your financial goal and want to park your money for short term somewhere where it’s safe, it can easily be withdrawn and in the meantime get some reasonable returns. Here I am considering short term as less than 1 year investment horizon. There are three options [...]
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We have always been told that stocks always outperform fixed deposits in the long run. But is this always true? Lets do some analysis. Below is the graph showing annual returns for Sensex and Fixed Deposits (for 1-3 years tenure) from year 1991 to 2011. As you can see in 21 years period Sensex has [...]
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With start of new financial year 2012-13, a lot would change from today in personal finance space. Here is the list. Good News: Increased Interest on Small Savings Scheme like PPF, NSC, etc: The government has increased interest rates on post office deposits like PPF, NSC, Fixed Deposit, Recurring Deposit, and Senior citizen Scheme in [...]
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Below is the list of top banks Term Deposit or fixed deposit (FD) rates for tenure of 6 Months – 1 Year, 1 – 2 Years, 2 – 3 Years, 3 – 5 Years and more than 5 years. The best fixed deposit rates for 6 months to less than a year is offered by Corporation Bank at 9.75% [...]
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State bank of India (SBI) has increased its short term Fixed Deposit (FD) rates by 1% from March 28, 2012. Its expected more banks would follow deposit rate hikes. This hikes comes after Government announced Interest rate hikes in the range of 0.2% – 0.5% on small savings schemes such as public provident funds (PPF), post office deposits and National Savings [...]
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State bank of India (SBI) has increased its short term Fixed Deposit (FD) rates by 1% from March 28, 2012. Its expected more banks would follow deposit rate hikes. This hikes comes after Government announced Interest rate hikes in the range of 0.2% – 0.5% on small savings schemes such as public provident funds (PPF), post [...]
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Finally the interest rates for small savings schemes such as public provident funds (PPF), post office deposits and National Savings Certificate (NSC) have been increased by 0.2% – 0.5%. The above interest rate increase would be effective from April 1, 2012. Now, deposits in PPF account will fetch 8.8% a year, compared with 8.6% now, [...]
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A few days back Times of India had published the below info-graphic showing how asset class among Equities, Real Estate, Gold and fixed deposits have performed in last one, three, five and ten years. For last one year Gold was the best performer with whooping 39.3% returns while in last three years it was equities [...]
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After rate cuts in EPF (Employees’ Provident Fund) and increase in service tax, there is some good news for individuals. The government is raising the interest rate on small savings schemes such as National Savings Certificate (NSC), post office deposits and PPF (Public Provident Fund) by 0.2%- 0.5%. The increase in interest rate would be [...]
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Muthoot Finance NCD issue closure date has been extended to April 09, 2012. Earlier it was to close on March 17, 2012. I have reviewed Muthoot Finance NCD in an earlier post.
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