HDFC RD Interest Rates 5. ICICI Bank ICICI Bank is one of the leading private banks in India. The World Bank, the Government of India, and representatives from Indian industry came together to form ICICI in 1955. The main goal was to establish a development financial institution that would ...
primarily the interest rate set by the bank. This rate can vary among banks and may also differ based on the type of Savings Account and the balance maintained. For example, DBS Bank gives 7% interest on a Savings Account with a balance above Rs. 4 lakhs and...
Though some banks may offer up to 7.60% to senior citizens. Interest earned is taxable and TDS is cut for interests of over Rs.10,000. You can read more about FDs Vs Mutual Funds here. 4. Fixed Maturity Plans Fixed Maturity Plans are also essentially debt funds but are close-ended. ...
Fixed deposits are the most widely used investment instrument in India. You can open FD in banks as well as Post Offices. You may get better interest rates in the post office as compared to banks. FDs give you an annual return around 2.90% to 5.30% (0.5% to 1% higher for senior citiz...
4. Individuals for trade purposes to save interest on cash credits and overdrafts. Out of the four uses mentioned here, the inter-bank uses have been most significant for call money market. Call loans in India are unsecured and extremely useful because of inter-bank uses, banks borrow from ...
Yes, you can utilize ATMs, internet banking, and bank branches all around India to access your savings account. When is the interest credited in a savings account? Usually, interest on savings accounts is credited every three months. The precise date, though, might change based on the specific...
Capital leases are used for longer-term items and offer the lessee ownership rights; they depreciate and involve interest payments and are classified as debt. 27. What % dilution in Equity Value is “too high?” There are no strict rules but many banks consider that anything over 10% is no...
4. Stanbic Bank Ghana Stanbic Bank Ghana is one of the best investment banks in Ghana. This is in exact likeness to Stanbic Bank, wherever it is found. Stanbic Bank is a true definition of an investment bank; the goal has never been to flood the market with branches and then have its...
In the first half of 2024, central banks purchased 483 tonnes of gold, setting a new record. Turkey was the largest buyer of gold in the first half of this year, acquiring a total of 45 tonnes. India ranked second, purchasing a total of 37 tonnes of gold in the first six months. Tr...
Check out:Blogs to Readfrom the Most Popular Bloggers in India, featuring a curated list of top blogs and bloggers. 9. Linktree Linktree allows you to bookmark all of your site links for free. The best part? It also allows you to create, curate, and sell from your social media networks...