Plan Your Investment

In my earlier article I have posted about the compulsory submission of the PAN details to avoid the higher deduction of TDS for your fixed deposit.This new rule is with effect from the 1st April, 2010. Banks started informing about the new rules to the customers. Today I got the mail from HDFC bank about [...]

In this article I will be writing about the interest rates for fixed deposits in the coming months. As we have noted earlier that RBI had increased the CRR ratio by 0.75 points. This reduce the about Rs.35000 crore money  from the liquidity. It is expected to be increase in the banks fixed deposit interest [...]

It is time for the home loans interest rates hike. Already leading home loans provider HDFC and ICICI has rolled back the two year fixed rates scheme. Few weeks back RBI had hiked the CRR rates by 0.75%. It reduces the liquidity in the system and tightens the monetary policy. It leads to banks revise [...]

RBI had announced the base rate system which will set the interest rates for the bankers to lend their borrowers. Earlier the rate is known as the Prime Lending Rate(PLR) for the banks. Normally the banks can not lend the money below the PLR to avoid any loss or risk. But, banks started offering the [...]

India’s second largest private sector bank HDFC Bank has increased the fixed deposit rates by 150 points. Earlier I have posted about the CRR Ratio hike by the Reserver Bank of India(RBI). As I have explained in the post. CRR hike will reduce the liquidity of the banks and will tighten the money lending to [...]

Tax Savings Fixed Deposit I have written posts about the tax savings fixed deposit and why the fixed deposit is good for the monthly income. This will be suitable when the interest rates of the fixed deposit is high. In the recent times, all the banks have reduced the fixed deposit interest rates very low [...]

Kotak Manhindra Bank announced a new home loans offer including a loan product at a fixed rate of 8.49% p.a. for 30 months (from the date of disbursement of the loan), and subsequently, the applicable floating rate for the balance term. The applicable rate after 30 months will be the retail prime lending rate (RPLR) [...]

India’s major private bank ICICI Bank have entered the interest rate war in the home-loan market with their fixed-cum-floating rate schemes. ICICI Bank has launched a home-loan scheme under which 8.25% interest rate will be fixed for the first two years. The floating rates will apply after 2 years. These rates will be applicable to [...]

SBI Reduced Term Deposit Interest Rates SBI has reduced the term deposits interest rates effective from 9th November, 2009. The difference from the previous rates are varied from 0.25% – 0.50%. Interest Rates for Deposits below Rs. One Crore (% p.a.) Tenors Existing w.e.f. 05.10.2009 (% p.a.) Revised w.e.f. 09.11.2009 (% p.a.) 15 days to [...]

Introduction In this article I am writing about the important details about the SBI home loans. Last week I discussed with one of the SBI guy for getting the more details about the SBI home loans interest rates and other information. It is obvious that SBI provides less interest rates compare to other banks. It [...]