HDFC Bank Special Interest Rates On Bulk Deposits

As banks are gradually increasing fixed deposit(F.D)interest rates, private banks are too on it’s way to increase F.D interest rates. Recently ICICI bank has hiked interest rates, now it’s turn of leading private sector bank HDFC Bank. HDFC Bank proposed to hike interest rates on “Special Term Deposits” which can’t be cancelled/prematurely withdrawn before theContinue reading “HDFC Bank Special Interest Rates On Bulk Deposits”

Are You Aware of ICICI Bank’s Golden Years Deposit Scheme?-An Exclusive Scheme For Senior Citizens

It might be good news for senior citizens that banks are coming with special F.D schemes with attractive interest rates. Already India’s leading public sector bank SBI has introduced “SBI-We Care” deposit which offers additional interest exclusively for senior citizens. As SBI rolled-out “We-Care” deposit scheme till September 30,2022, India’s leading private sector bank ICICIContinue reading “Are You Aware of ICICI Bank’s Golden Years Deposit Scheme?-An Exclusive Scheme For Senior Citizens”

Good News For Senior Citizens! SBI We-Care Deposit Term Has Been Extended

As senior citizens gets lumpsum amount during retirement and they won’t get regular income(except pension)thereafter, generally senior citizens rely on fixed deposits as they can’t take risk with their hard-earned money. But the recent interest rates fall in bank fixed deposits makes them worrisome. At that time India’s leading public sector bank SBI has comeContinue reading “Good News For Senior Citizens! SBI We-Care Deposit Term Has Been Extended”

PPF a/c Pre-Mature Closure Terms and Conditions

We all are aware that PPF(Public Provident Fund)is a long-term savings tool. It is a government backed social security scheme so there is no risk associated with the capital and the interest accrued! As we all know that PPF is locked for 15 full financial years. But we can withdraw/ take loan from the existingContinue reading “PPF a/c Pre-Mature Closure Terms and Conditions”

Know The Terms and Conditions on PPF Withdrawal Before Maturity!

We all know that Public Provident Fund(PPF)is a long-term investment tool. The amount invested in PPF comes under “EEE” (Exemption on investment amount under section 80(c)-Exemption on interest accrued-Exemption on maturity amount). Generally savers ignore PPF as they can’t hold the investments for such a long period of 15 years. But they don’t know thatContinue reading “Know The Terms and Conditions on PPF Withdrawal Before Maturity!”