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FD

SRS Limited Fixed Deposit Scheme – April 2013

SRS Limited, the NCR based company is offering Fixed Deposit Scheme for 1 to 3 years tenure offering 12% – 12.5% Annual Interest. Scheme Highlights: Minimum Amount of deposit to be accepted is Rs.20,000/- and in multiple of Rs. 1,000/- thereafter. For Scheme A (Non Cumulative), interest will be compounded monthly and payable quarterly. For [...]

How safe is your Bank Fixed Deposit?

Most people consider their bank fixed deposits extremely safe but some recent events in Cyprus (an euro zone country) bust this myth of safety of bank deposits. The Cyprus government has decided to use the depositors’ money in bank account to pay off its debts. Deposits greater than €100,000 were frozen by the government but [...]

Which Tax Free Bond to Invest?

As of writing this post, there are 9 companies who have their Tax Free bonds open for subscription. These are listed below in alphabetical order. Dredging Corporation of India Tax Free Bonds Ennore Port Tax Free Bonds HUDCO Tax Free Bonds Tranche II IIFCL Tax Free Bonds Tranche II IRFC Tax Free Bonds JNPT Tax [...]

How are you losing Money by investing in Fixed Deposits?

Most people believe fixed deposits to be the safest investment possible as its value never go down, there is no perceived risk of bank defaulting on payments and you can do FD online just on click of few buttons. But have you realized that investing in fixed deposit might be making some of you poorer. [...]

SBI Tax Saving Fixed Deposit - March 2013

SBI revises Tax Saving Fixed Deposit Rate to 8.75%

State bank of India (SBI) has revised the interest rate on its Tax Saving Fixed Deposit Scheme to 8.75% for General Public while interest rate for Senior citizens has remained the same at 9.00%. As I have pointed out earlier, if you see the advertisement by SBI, it promises annual yield of 17.39% for Senior [...]

SBI NRE-NRO, Senior Citizen, Domestic Fixed Deposit Rates – March 2013

SBI NRE/NRO, Senior Citizen Fixed Deposit Rates – March 2013

State Bank of India (SBI) had increased its fixed deposit rates by 0.25% on certain maturities from March 1, 2013. With the revision, the interest rate on 1-2 years fixed deposit would go up to 8.75 per cent, from 8.50 per cent. Similarly, term deposit 2-3 years, 3-5 years and 5-10 years would also earn higher [...]

Sudarshan Chemicals Fixed Deposit Scheme – Mar 2013

Sudarshan Chemicals Limited, the Pune based company engaged in the pigment industry offering Fixed Deposit Scheme for 1 to 3 years tenure offering 9.5% – 11% Annual Interest. Scheme Highlights: Minimum Amount of deposit to be accepted is Rs.25,000/- and in multiple of Rs. 5,000/- thereafter. For single deposit of more than Rs 5 Lakhs for 3 years, [...]

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 [...]

RBI Rate Cut Impact: Rush for Fixed Deposit and wait for your Loan

Reserve Bank of India (RBI) in its monetary policy presented on January 29, 2013 cut repo rate and cash reserve ratio by 25 basis points each. Repo rate, the rate at which banks borrow from the central bank, has been slashed to 7.75%; and the cash reserve ratio, the portion of bank deposits the banks [...]

Omaxe Limited Fixed Deposit Scheme – Jan 2013

Omaxe Limited, the NCR based real estate company is offering Fixed Deposit Scheme for 6 months to 3 years tenure offering 11.5% – 12.5% Annual Interest. Scheme Highlights: Minimum Amount of deposit to be accepted is Rs.25,000/- and in multiple of Rs. 1,000/- thereafter. For Scheme A (Non Cumulative), interest will be compounded monthly and [...]

50 Best Bank Fixed Deposit Schemes – Jan 2013

There is speculation that RBI in next monetary policy review next week is going to reduce interest rates. On one side it would decrease your EMI burden while on the other side it would also reduce interest rates on Fixed Deposits. So it might be good idea to invest in Fixed Deposits before rates go [...]

UCO Tax Saver Deposit Scheme – Interest & Annual Yield [Miss-selling Advertisement]

Its Tax Saving Season and all financial institutions are trying to en-cash this opportunity. If you are risk averse then five year tax saving deposit is one of the best avenues to save tax. UCO bank in its advertisement has published its annual yield, but has conveniently ignored to print the actual interest offered. I [...]

Tax Treatment for Various Financial Assets

Tax Treatment of Various Financial Instruments

Taxation on your investment is as important as the return on Investment. All financial instruments go through three stages Investment Earning Withdrawal The tax rules vary across the above three phases. This post would tell you how different financial Instruments are taxed in these three phases and what would be its impact on you. Based on [...]

Can Tax Saving Fixed Deposit be done Online in SBI?

After I published the Best Tax Saving Fixed Deposit Options, I got several queries regarding if this Tax Saving fixed deposit can be done online in SBI? Fortunately I have an account with SBI and tried doing it myself. Though SBI offers facility of opening Fixed Deposit and Recurring Deposit Online but for SBI Tax [...]

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 Tax Saving Deposit Scheme – Interest & Annual Yield

SBI recently advertised how the fixed deposits offered by SBI under Section 80C helps you save tax and the effective yield. But this is pre tax return. The interest you get is taxable in case of above deposits. Since they have assumed tax bracket of 30%, your post tax yield would come to 13.33% (from [...]

Jyoti Structures Limited Fixed Deposit Scheme

Jyoti Structures Limited offers Fixed Deposit Scheme for 1 – 3 years tenure offering 12% – 12.5% Annual Interest. Scheme Highlights: Minimum Amount of deposit to be accepted is Rs.25,000/- and in multiple of Rs.5,000/- thereafter. For Scheme A (Non Cumulative), interest will be calculated on a 365/366 days factor basis from the date of [...]

Birla Shloka Edutech Limited Fixed Deposit Scheme – Dec 2012

Birla Shloka Edutech Limited has launched its Fixed Deposit Scheme for the tenure of 1 to 3 years offering interest rate 11.50% to 12.50% per year. Scheme Highlights: Minimum amount of deposit to be accepted is Rs 10,000/- and in multiples of 1,000/- thereafter. Nomination facility available. Premature withdrawal permissible as per the statutory guidelines [...]

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