Several banks are currently providing a great opportunity for those looking to save on taxes by investing in fixed deposits. Along with the tax savings, these banks are offering up to a maximum of 7% interest rate on Tax Saver Fixed Deposits. This is an excellent chance for both employees and self-employed individuals who are
Green Deposits have become increasingly popular in recent times. Two more banks, including SBI, are now offering these deposit schemes in our country with interest rates of up to 8%. But what exactly are green deposits, and what benefits do they offer? Let’s explore and find out. Around the world, there is an increasing prevalence
Numerous banks are adopting new services to stay competitive in the market, including government banks, which have traditionally been slower to adopt innovative services. Recently, Bank of Baroda, a top public sector bank, introduced seven new services for their current account holders. Each of the current account packages has been designed to offer specific banking
There has been a noticeable increase in the number of people choosing fixed deposits in banks. This rise in deposits can be attributed to the Reserve Bank’s decision to raise the repo rates, which led to banks increasing their lending rates. Consequently, the interest rates on fixed deposits also increased. For example, if we consider
State Bank of India (SBI), which is the largest public sector bank in the country, has a special fixed deposit scheme called ‘SBI Amrit Kalash’ that guarantees attractive interest income. This scheme’s deadline has been extended several times, and recently, it has been extended until the end of March 2024. SBI Special FD Senior citizens
Punjab and Sindh Bank (PSB), a leading public sector lender, has recently announced revised interest rates on fixed deposits below Rs. 2 crore. The bank has extended the tenure of special fixed deposits with higher interest rates for a limited period only. The new rates will come into effect from February 1, 2024, as per
Numerous individuals are investing in the savings scheme offered by the central government to ensure financial security for their female children. Many are choosing to deposit their money in Sukanya Samriddhi accounts. However, if you want to check your SSY account balance without visiting the bank, you can easily do so online. Sukanya Samriddhi Yojana
The best scheme offered by SBI offers 7.5% interest. How much will you earn if you deposit Rs. 5 lakh? A lot of people trust the State Bank of India (SBI), which is the biggest public sector bank in the country, to keep their money safe. SBI is the preferred choice for depositing money, and
HDFC Bank is currently running a fixed deposit scheme exclusively for senior citizens. This scheme offers a maximum interest rate of 7.7% for deposits below Rs.2 crores. Can you help me find out how long this scheme will be available for? Additionally, I would like to know what the interest rate is for general customers.
Home loan Interest Rates can vary from bank to bank and even from person to person. Factors such as credit score, income, tenure, and MCLR can all affect the interest rates offered. That’s why it’s important to compare the interest rates offered by various banks for loans above 75 lakhs. Below is a comparison list
Starting from 1st February, bank customers in India can transfer up to Rs. 5 lakh via IMPS without providing their account number or bank IFSC code. New regulations are set to simplify banking services for customers. These regulations will come into effect from February 1, 2024, and will bring changes to the Immediate Payment Service
Leading banks announced their fixed deposit (FD) interest rates for investors at the end of December. In the new year, a government sector bank of Bank of Baroda (BoB), is offering a bumper deal to its customers by raising interest rates on fixed deposits for various tenures, up to a maximum of 1.25%. This move
Are you using a contactless debit card, but unsure about the per-transaction limit? Do you know what to do if the limit is exceeded? If you’re a contactless card user, it’s important to take necessary precautions to ensure the safety of your transactions. Credit and debit cards with contactless technology are becoming increasingly common. These
March is an important month when it comes to festivals in India. The month is marked by the festivals of Holi and Mahashivratri along with Good Friday. However, due to these festivals and other events, banks will remain closed on certain days. In fact, there will be a total of 14 bank holidays across the