Page 2 Bank Deposits: Latest News and Updates, Top Stories, Videos, Photos About Bank Deposits

Interest Rate On Small Savings Scheme Kept Unchanged For Oct-Dec Qtr

For the October-December quarter, the government has kept the rates unchanged for small savings schemes including National Saving Schemes (NSC), Public Provident Fund (PPF) and Kisan Vikas Patra (KVP). The department of economic affairs said that the rates have been ...

How to Claim Financial Investments Unclaimed for Over 10 Years?

You may have heard of situations where an individual has stored money in a deposit scheme or invested in the shares of a company and completely forgotten to claim the benefits for years. In India, unclaimed financial investments form a big part ...

Bank Deposits in FY 2018 Grew Lower Than FY 1963

Growth in bank deposits in 2017-18 fell to a 5 decade low of 6.7 percent. Investors today are lured by alternative money-saving instruments like mutual funds, insurance and equity investments, hampering the banking industry's business. As per the data on the ...

Banks Unlikely To Lower Deposit Rates After Rate Cut On Small Saving Schemes

After the government has cut rates on small saving schemes by 20 basis points to be effective for the last quarter of the financial year 2018, the banks are unlikely to follow suit due to liquidity crunch. The credit rating agency ...

60 Lakh Accounts Got Deposits Of Over Rs 2 Lakh: Taxman To Take Action

With an estimated Rs 15 lakh crore in junked notes back in the banking system post demonetisation, the Income Tax department has started the process of engaging private entities to match the data with I-T return or other information of assessees. ...

PPF Vs Bank Deposits: Why PPF Is Better?

If you have to decide on an investment between the Public Provident Fund (PPF) and bank deposits, we suggest you go in for the PPF. Here are a few good reasons why PPF is better than bank deposits. ...

8 Banks With The Best Fixed Deposit Interest Rates

Interest rates are falling and falling fast. We have gathered a list of 8 banks that still offer you pretty decent interest rates as compared to others. Here is a list of reputed banks with the highest and best fixed deposit interest rates. {photo-feature}...

Where To Invest Your Surplus Money From The 7th Pay Commission Salary Hike?

Government employees are in for a bonanza after the government approved the 7th Pay Commission salary hike. Government employees will now get increased amounts that totals a huge Rs 1.14 trillion ($16.88 billion) in 2016/17. These huge sums would trigger an ...

6 Best Bank Interest Rates In A Low Interest Rate Regime

Interest rates have fallen and fallen real bad. In the last two years, individuals who depend on fixed income like retired folk, have seen interest rates dropping by as much as 150 basis points or 1.5 per cent. Today, you have ...

8 Company Fixed Deposits That Offer Higher Interest Rates Than Bank Deposits

Until about 2 years back, bank fixed deposits were offering an interest rate in excess of 9 per cent. Today, the larger private sector banks and government owned banks are offering a maximum interest rate of 7.5 per cent. It is ...

What Is The Difference Between Debt Mutual Funds And Bank Fixed Deposits?

There is always a predicament when it comes to investing in fixed interest yielding securities. Will I get higher returns? Are they tax free? How can I maximize yields? Debt funds or bank fixed deposits? These days with interest rates dropping ...

Debt Instrument Returns Beat Gold And Shares In 2015 For Indian Investors

At the start of the year 2015, if you told investors that debt, including fixed deposits would be the best bet in 2015, they would have dismissed your suggestions. In fact, shares in India were soaring as there were lots of ...

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