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Investors in debt mutual funds find themselves in a sweet spot each time there is an announcement of a rate rise. Fixed maturity plans (FMPs) especially become more popular because of the tax benefits these offer. At present, investors in an FMP with an all-bank certificate of deposit (CD) collection can expect an annual return […]

Bank deduct few charges on various accounts which with little caution and use of technology can be escaped. This article will discuss the charges that can be avoided. A forgotten automated teller machine (ATM), personal identification number (PIN) or failure to maintain your account balance, can cost you. Maintain average balance All banks need you […]

Banking leader State Bank of India dropped ‘prepayment charges’ on all its loans over the past fortnight. The announcement coincided with the hiking of the bank’s base rate and withdrawal of the controversial teaser home loan schemes. With the SBI taking the lead, other banks are now expected to follow suit and withdraw the controversial […]

Worry value on the money untruthful in savings funds accounts gift go up by half a proportion muzzle with the Correctitude Container determinative to hike it to 4 per coin. The deposit-holders in the Savings Bank(SB) were receiving the grade unchangeable octad eld ago. Withal, the move module refer the expenditure of borrowing for the […]

In order to augment its fee income component, private sector Yes Bank is on a spree of partnering with non-bank lenders catering to different segments and is in the “final stages” of tying up with mortgage lender HDFC, a top official said. “We are in the process of signing up with HDFC Ltd for distributing […]