Plan Your Investment

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 [...]

This budget may bring the smiles in people who are looking to invest their money bank deposits and save the tax. Most likely this budget may amend the existing restrictions on tax saving fixed deposits. Nowadays most people prefer the mutual funds as the tax savings instrument because of their 3 years lock-in period. Tax [...]

India’s largest bank SBI has announced that they are reducing the interest rates on all their domestic fixed deposit schemes by 0.25%. This is with effective from October 5, 2009. “We have brought down term deposit rates gradually. Going forward, this will marginally improve our net interest margin. We have not taken a call on [...]

The country’s largest PSU lender, State Bank of India, on Saturday reduced interest rate for deposits having 1,000-day tenure by 0.25 per cent to 7 per cent. The new rate will be effective from September 8, the bank said in a release issued in Mumbai on Saturday. Interest rates for deposits for all other tenures remain [...]

NHB SUNIDHI Term Deposit Scheme National housing bank(NHB) is goverment bank fully owned by the Reserve Bank of India(RBI). It has fixed deposit scheme in the name of “NHB Sunidhi“. The interest rates for this scheme has been recently revised. It is a term deposit scheme for Individuals/HUFs/Partnerships/Societies & Trusts & Association of persons. The minimum [...]

It is second time Tata Motors inviting the public to invest in their company’s fixed deposit scheme. In this time they are planning to raise another Rs.1500 crore from the fixed deposit. In a public announcement, the firm today said on a minimum fixed deposit of Rs 20,000 for two and three years, it would offer [...]

In this article I will be writing about the interest earned on tax saving fixed deposit ann whether every year the interest income must be added to the IT returns. This article provides brief idea on how to handle the situation when you have the interest income on tax savings fixed deposit. I would like [...]

In this article I will be writing about the Form 15G and From 15H and purpose of submitting those forms to the bank.  Everyone aware that those forms are used for avoiding the TDS deduction while computing the interest earned during the financial year. This article gives you some important points while submiting the Form [...]

I am writing this post to inform you about the Interest Rates reduction by ICICI Bank in this month. ICICI Bank announced that it offers 8.65% interest rates to the new customesr if they are opening till August 16, 2009. The rates will be reduced with effect from August 17, 2009. If you have plan [...]

As we are aware many corporate houses offering the Fixed Deposit schemes.  In this post I am giving the details about the another corporate fixed deposit “BOMBAY DYEING AND MANUFACTURING COMPANY LIMITED”. The following are the key details about this offer: Period : 36 months Interest Rate : 10.50 % p.a payable quarterly 0.5% p.a. [...]