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Central Bank of India

Most Banks to Remain Open on March 29, 30 and 31

As the last week of FY 2012-13 was short due to Holi and Good Friday, the banks which are authorized to collect taxes would be open for business on March 29, 30 and 31 – 2013. The banks would be open for their regular business timing of March 29 and 30 and till midnight of March [...]

50 Best Fixed Deposit Rates for Senior Citizens – March 2013

I had written about 50 Best Fixed Deposit Schemes for General Public and I got request to publish a similar list for Senior Citizens. Historically banks used to give at least 0.5% more interest to senior citizens. But things are changing now. Recently State Bank of India (SBI) and Punjab National Bank (PNB) have revised their [...]

50 Best Bank Fixed Deposit Schemes – March 2013

With Budget 2013, there is speculation that Reserve Bank of India (RBI) would reduce interest rates going forward. This might decrease your EMI burden but would negatively impact people who invest in Fixed Deposits. We have already seen the interest rates on Tax Free Bonds have already come down. I was also expecting fall in [...]

Best Long Term Bank Fixed Deposit Rates – Jan 2013

With rates cut announced by Reserve Bank of India (RBI) yesterday, its good idea to lock investments in long term bank fixed deposit schemes. The table below shows the best bank fixed deposit rates for tenure of 5 years or more and the maturity amount for Rs 1 Lakh for General Public. Senior citizens can [...]

Renting Bank Lockers: Charges, Guidelines and Alternatives

Bank lockers have always been considered a safe and preferred place to store jewels, stock certificates, deeds and other valuables. While most banks offer such a facility, the locker size, annual rent, deposit required, time period and provision for refund differs for various banks. As you can see in the table below Private Banks like HSBC charge [...]

Top Tax Saving Fixed Deposit Schemes

Tax Saving Fixed Deposit under Section 80C of Income tax is a popular and safe instrument for Tax saving. You can invest maximum of Rs. 1 Lacs in the same. Below is the list of banks and their respective interest rates offer for general and senior citizens for their Tax Saving FDs. The best Tax [...]

SBI offers lowest Home Loan Rates

India’s largest bank – State bank of India (SBI) had recently cut its Home Loan rates. This is lowest home loan rate in the market as of today. The new Home Loan rates are effective from August 7, 2012. The rate of interest is 10.25% for Home loan up to Rs. 30 Lacs and 10.40% [...]

Tax Saving Fixed Deposit (FD) u/s 80C – Interest Rates

Tax Saving Fixed Deposit under Section 80C of Income tax is a popular and safe instrument for Tax saving. You can invest maximum of Rs. 1 Lacs in the same. Below is the list of banks and their respective interest rates offer for general and senior citizens for their Tax Saving FDs. The best Tax Saving [...]

Best Bank Fixed Deposit Rates – August 2012

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 as of August 3, 2012. The best fixed deposit rates for 6 months to less than [...]

Best Bank Fixed Deposit Rates – April 2012

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% [...]

Best Home Loan Rates – April 2012

Below is the list of Home Loan providers with the monthly EMI one needs to pay on the home loan of Rs. 1 Lakh. The lowest Home loan is provided by SBI and ICICI Bank for all Home Loan tenure. The best home loans have been highlighted. Home loan EMI per Rs. 1 lakh for [...]

The advantage of being Woman – Financially!

There are advantages of being a woman – both financially and other wise. But this post focuses on the advantages the women have in the financial world. Income Tax Benefit: Under the current tax regime, women pay less tax than men. For the present financial year (2011 – 12), the tax exemption limit for women [...]

SBI Send Cash In A Flash – SBI’s new Money Transfer System

State bank of India (SBI) in association with MasterCard MoneySend Card to Card Service has launched “Send Cash in a Flash” Money Transfer Mechanism. This service seems to be pretty innovative and simple. Below are the highlights of the service: The service is available to all State group bank account holders The money transfer is [...]

Best NRE Fixed Deposits Rates In India – March 2012

With deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits in December 2011, banks have started offering very competitive interest rates for NRE fixed deposits. The icing on the cake is the principal and interest earned on NRE fixed deposits are tax free in India. The table below lists down some of the best NRE Fixed [...]

Best Home Loan Rates – March 2012

Best Home Loan Rates for Home Loan of Less than Rs 10 Lakhs For Tenure of 10 Years For Tenure of 20 Years LIC Housing Finance 10.65% LIC Housing Finance 10.65% Axis Bank 10.75% Axis Bank 10.75% Bank of India 10.75% State Bank of India 10.75% State Bank of India 10.75% Bank of India 11.00% [...]

Cheapest Personal Loan, Education Loan, Auto Loan & Gold Loan Interest Rates – March 2012

Below is the list of top 5 banks offering cheapest Personal Loan, Education Loan, Auto Loan & Gold Loan Interest Rates for March 2012. Personal Loan Upto Rs. 2 Lakhs Bank Interest Rate ICICI Bank 14% – 18% Axis Bank 14.5% – 21% Syndicate Bank 15.50% HDFC Bank 15.5% – 22% Punjab National Bank 15.75% Auto Loans Upto [...]