ICICI Bank has cut interest rates on its FDs for select maturity periods. Here we are talking about FD with premature withdrawal facility of less than Rs 2 crore. The new revised interest rates for such FDs came into effect from October 21. The maturity period for which ICICI Bank...
Subscribers will get guaranteed returns under the pension scheme: PFRDA
Pension fund regulator PFRDA is going to bring a pension scheme with guaranteed returns to subscribers in FY 2022. It will be brought under the National Pension System (NPS). The regulator may finalize the product by March. PFRDA chairman Supratim Bandopadhyay has given this information. He said that there was...
Here’s how the Bajaj Finance Fixed Deposit outshines investment in gold
For investors looking for risk-free investment avenues, Fixed Deposits (FDs) and Gold are among the best options available in the market today. Before deciding on which one to choose, investors need to align their financial goals and the expected performance for each of these investment options. Traditionally in India, gold...
EPFO launches WhatsApp helpline service
New Delhi: Retirement fund body EPFO has launched a WhatsApp helpline service for the speedy redressal of grievances of its subscribes, the labour ministry said on Tuesday. This facility is in addition to various other means of grievance redressal forums of EPFO which include EPFiGMS portal, CPGRAMS, social media platforms...
Bank fixed deposits that still give 7% interest rates
We are ushering in an era where interest rates are going to stay lower for longer. Today, getting 7% interest in fixed deposits is considered good, given that almost all of the big banks in the country are offering just 5.5 per cent. Here are a few banks that still...
Best scheme of post office: Rs 50,000 more than FD on deposit of 5 lakhs
In the era of corona epidemic crisis (COVID-19 Pandemic), most of the people are worried about their savings. Apart from this, they are thinking that where to invest their money, where not only their investment is safe but they get better returns on it. The most worrying senior citizens are...
India Post’s deposit rates now more attractive
Mumbai: After the lockdown, the Reserve Bank of India has cut interest rates drastically to bail out the economy. This has brought some relief to the debt burdened businessmen and personal loan holders, but the investors are losing money, who earn income by investing their savings in fixed deposit schemes...
SBI cuts fixed deposit rates
New Delhi: State Bank of India has changed the interest rate of Fixed Deposit (FD). The bank has reduced the interest rate on FDs of less than Rs 2 crore 'from 1 year to less than 2 years'. This deduction is 0.20 percent. There is no change in the interest...
ICICI Bank reduces interest on FD for select maturity period
New Delhi: ICICI Bank has reduced the interest rates on its FD for select maturity period. Here we are talking about FD with premature withdrawal facility of less than Rs 2 crore. The new revised interest rates for these FDs came into effect from 7 September. The maturity period for...
Single Maturity Scheme under Systematic Deposit Plan (SDP) assures returns on monthly savings pool
Investors to receive maturity benefits on a single dayInvestors can build their monthly savings with deposits starting at Rs. 5,000 per month Pune, Maharashtra: Bajaj Finance Limited, the lending and investing arm of Bajaj Finserv, has now introduced a new Single Maturity Scheme variant under Systematic Deposit Plan (SDP). Single...