Safety from market volatility, rising interest rates make FDs a preferred choice among investors: Survey [ad_1] MUMBAI: Safety from market volatility, simplicity and rising interest rates make fixed deposits a preferred choice among Indian investors, finds study by financial planning firm Kuvera. The poll found that almost half investors said they chose FDs when they needed money within three years ...

Bandhan Bank FD Interest Rates: Bandhan Bank hikes FD interest rates by up to 50 bps; you can earn 8% on this tenure [ad_1] Bandhan Bank has increased its fixed deposit interest rates for retail deposits of up to Rs 2 crores in a second rate hike on fixed deposits in 3 months, according to the press release. The revised ...

Creditors of IL&FS Financial Services to get Rs 3,200 cr interim payout IL&FS Financial Services’ creditors, including 28 lenders and debenture holders, will get an interim amount of Rs 3,200 crore, making it the largest cash payout since the government superseded its board in October 2018. The IL&FS group would also pay back another Rs ...

Senior Citizen Savings Scheme (SCSS): Know all about TDS applicability [ad_1] Senior Citizen Savings Scheme (SCSS): Know all about TDS applicability [ad_2]

Reserve Bank widely seen delivering final 25 bps hike, say economists By Swati Bhat MUMBAI (Reuters) – India’s central bank is widely expected to raise its policy interest rate by a quarter percentage point to mark its final increase in the current tightening cycle on Wednesday before pausing to assess the impact of its hikes, ...

Odd tenure FDs are offering higher than normal interest rates: 5 things to know before investing [ad_1] Banks have been hiking fixed deposit rates in line with rise in the repo rate. Some banks have gone a step ahead and announced odd tenure deposits that are offering higher than normal interest rates. The news gets even better as several small ...

Indian banks’ NIM to contract in FY24 as deposit costs rises: Fitch Indian banks’ net interest margin (NIM) will be under pressure in the next financial year ending March 2024 (FY24) as they increase deposit rates to get funds for supporting high loan growth, said Fitch Ratings on Monday. The Indian banking sector’s average NIM– ...

Mahila Samman Savings Certificate: Interest rate, investment limit, tenure [ad_1] Mahila Samman Savings Certificate: Interest rate, investment limit, tenure [ad_2]

IRDAI should set up a committee to review its regulations: Experts In line with Finance Minister Nirmala Sitharaman’s budget announcement, the Insurance Regulatory and Development Authority of India (IRDAI) should set a committee of its own to review its various regulations governing the sector, said industry experts.   They also said the said committee ...

Budget 2023 impact: 100% rise in interest income from Senior Citizens Saving Scheme (SCSS), POMIS [ad_1] After the rise in interest rates of small savings schemes early this year, another bonanza has been delivered for senior citizens by the Budget. The deposit limit in the Senior Citizens’ Saving Scheme (SCSS) and the Post Office Monthly Income Scheme (POMIS) has been ...