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SBI

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 [...]

Best Tax Saving Fixed Deposit Rates U/S 80C – March 2013

Its last month of the Financial Year and in case you have not yet invested completely for your 1 Lakh Tax exemption u/s 80C and looking for Tax Saving Fixed Deposit (FD) Schemes, here is the list of top 30 banks with their Interest Rates. The best Tax Saving Fixed Deposit Interest offered is 9.50% [...]

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 [...]

Lowest Home Loan Rates from SBI

With the recent policy rate cuts from Reserve Bank of India (RBI), State bank of India (SBI) has cut its home loan rates by 0.05%. This has made SBI home loan cheapest in the market. The new Home Loan rates from SBI are 9.95% for Loans below 30 lakh and 10.10% for loans of more [...]

Home and Auto Loan becomes cheaper

Last week Reserve Bank of India (RBI) had cut both repo rate and cash reserve ratio by 25 basis points each. This has lead to several banks lowering their base rates. This in turn has lead to cheaper Home and Auto loan rates. The good news is most banks have not yet started lowering their [...]

SBI extended working hours on Jan 24, 2013

State bank of India (SBI) has decided to extend banking hours by two hours for its customers on account of continuous holidays (on 25, 26 & 27 Jan 2013) all over India (except for Kerala). For complete list of Bank Holidays in 2013 click here. This is a good and customer friendly move from SBI. [...]

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 [...]

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 [...]

SBI Recurring Deposit Features & Interest Rate – Jan 2013

There is speculation that RBI would decrease interest rates going forward. Its a good idea to lock your investment in high interest rate by using Recurring Deposit (RD). Below are the features, interest rates, maturity amount along with other details for SBI Recurring deposit. SBI Recurring Deposit Scheme – Features: Maturity from 12 to 120 Months [...]

12 Changes in 2012 that impacts your Investment

Today is the last day of 2012 and thanks to SEBI, RBI, and Finance Ministry among others which made some significant changes in your personal finance and investment. I have listed 12 of them. 1. One Scheme One Plan for Mutual Funds: Mutual Funds till now had multiple version of the same scheme – one [...]

Stocks to Invest in 2013

Sensex and Nifty has been the third best performing Index after after Thailand’s SET and Germany’s DAX. FIIs too have pumped about $23 Billion till date in this year. Most experts believe that the next calendar year, 2013, does hold promise with the equity segment witnessing an increased retail participation, which inturn, may push the Sensex [...]

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 [...]

SBI waives Minimum Balance in Savings Account

Now you need not worry about the minimum Balance in your State Bank of India (SBI) Saving Bank Account as SBI has waived Minimum Balance in Savings Account. This gives one more reason to bank with SBI. Popular Searches For This Post: sbi tax saving fixed deposit calculator – sbi minimum balance – apna plan tax [...]

How much Home Loan am I eligible for?

What is the maximum Home Loan can I get? This is one question which is asked time and again by anyone who wants to get into real estate. Till now the only answer you got was it depends on your take home salary, your age, kind of job, your assets among other factors. But thankfully [...]

Cheapest Home Loan from SBI

With Festive season from Navratri, there have been flood of offers from Banks on their Home Loans and from developers for their projects. As of today State Bank of India (SBI) is offering the cheapest home loan for all categories. The rate of interest is 10% for Home loan up to Rs. 30 Lacs and [...]

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