Archives for

Fixed Deposit

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 [...]

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 [...]

bengal pincon housing infrastructure limited FD Scheme

Bengal Pincon Housing Infrastructure Limited Fixed Deposit Scheme

Bengal Pincon Housing Infrastructure Limited has launched its Fixed Deposit Scheme for the tenure of 6 months to 3 years offering interest rate 11.50% to 12.50% per year. Scheme Highlights: The deposit will be accepted in multiples of Rs 1000/- subject to a minimum of Rs. 20,000/-. For Scheme ‘A’ – Non Cumulative Deposits, interest [...]

SBI Term Deposit Interest Rates - September 2012

SBI NRE/NRO, Senior Citizen, Domestic Fixed Deposit Rates – September 2012

India’s largest bank State Bank of India (SBI) has reduced its NRE/NRO, Senior Citizen, Domestic Term Deposit Rates by 0.5% – 1% for certain tenures from September 05, 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 [...]

Credit Rating for NCDs and FDs – What it Means?

We all are tempted to invest in bonds or fixed deposits offering highest interest rates, as we perceive them to be safe. But do you really know how safe they are? You can check the safety of your investment by looking at the Credit Ratings which give an idea on the likelihood of a default. [...]

SBI NRE/NRO, Senior Citizen, Domestic Term Deposit Rates – August 2012

India’s largest bank State Bank of India (SBI) has reduced its NRE/NRO, Senior Citizen, Domestic Term Deposit Rates by 0.25% for certain tenures from August 07, 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 [...]

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 [...]

Bajaj Allianz Cash Rich Insurance Plan – Review

Bajaj Allianz is heavily promoting its Cash Rich Insurance Plan as a retirement solution through all kinds of media. But does the plan do what it promises? Cash rich insurance plan is essentially a money-back plan that gives the flexibility to choose the premium paying term as well as the money-back term. The policy can [...]

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 [...]

FMP VS Fixed Deposit – Where to Invest?

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 [...]

SBI NRE/NRO, Senior Citizen, Domestic Term Deposit Rates – April 2012

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 [...]

SBI NRE Term Deposit Rate – April 2012

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 [...]

Fixed Deposits: Power of Compounding, Interest Rate Frequency and Yield

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 [...]

Parking Short Term Money – Bank Fixed Deposit or Liquid Fund or Savings bank Account?

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 [...]

Stocks Vs Fixed Deposit – Which is better?

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 [...]

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% [...]

SBI NRE/NRO, Senior Citizen, Domestic Fixed Deposit Rates – March 2012

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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