The FinTech Hub
Source: Live Mint Before opening a fixed deposit, it is recommended to compare the fixed deposit (FD) interest rates offered by different banks. Lately, most commercial banks have slashed their interest on deposits as well as on advances. Here we list out the interest rates they offer on 1-year deposits as well as highest interest…
Source: Live Mint Last month’s global selloff—marked by a 7% slide in the S&P 500 and a more than 5% dip in the Sensex—set off the usual chain reaction: a flood of alarming headlines, wall-to-wall coverage from financial experts forecasting doom, and social media timelines buzzing with everything from cautious concern to full-blown panic. It…
Source: Live Mint It’s time to ask: is your bank balance truly working for you? In this article, we explore smarter, safer, and more rewarding alternatives to traditional savings accounts—without compromising on liquidity or peace of mind. Switching banks Harshad Chetanwala, co-founder of MyWealthGrowth.com, emphasises that the primary considerations for alternative investments should be safety…
Source: Live Mint Conservative investors tend to invest in fixed deposits (FDs) of banks for the security and assurance they offer. Here we examine the returns given by different post office schemes and compare them with those on fixed deposits of different banks. Typically, most banks offer annual interest in the range of 6.6-6.7 percent…
Source: Live Mint Ask any working woman today and she will tell you that she does not enjoy being dependent on anyone. We have come a long way from maintaining our homes and hearths, to becoming self-sufficient earners with well-kept houses, and we even help our families make important money-related decisions. But still, many women…
Source: Live Mint Fixed deposits (FDs) are considered to provide reliable, consistent long-term investment returns. They are especially beneficial for conservative investors who avoid taking risks. Certain small finance banks in India offer FD interest rates of over 9%, which is relatively higher than those of public, private, and foreign banks. Here are the latest…
Source: Live Mint Bank fixed deposits have been the most popular place in India for decades to invest short-term funds, but liquid funds are now emerging as one of the top substitutes. To make effective investment decisions, it is important to know the manner in which liquid funds will prove to be more advantageous for…
Source: Live Mint At the time of opening a fixed deposit (FD), it is advisable to compare the interest rates offered by different banks. Importantly, some banks have started to slash their rates in the wake of RBI cutting benchmark repo rate after nearly five-year hiatus. Even a tiny difference – say of 50 basis…
Source: Live Mint Prior to investing in a fixed deposit, investors often compare interest offered by different banks. One might argue that most banks — more or less – offer similar, if not same, interest on their term deposits. However, one must understand that a difference of 50 basis points over a long period of…
Source: Live Mint As we are aware that the Reserve Bank of India (RBI) cut the repo rate by 50 basis points. This may continue further in the near future as the rate cut was seen as the onset of rate cut cycle by the banking regulator. Following this, one private bank has already slashed its savings…
