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Savings
Small Savings Schemes Interest Rates revised w.e.f 1st April, 2014
Small Savings Schemes Interest Rates revised w.e.f 1st April, 2014 The Government, based on the recommendations of the Shyamala Gopinath Committee for Comprehensive Review of National Small Savings Fund (NSSF), announces revision of interest rates every financial year, to be notified before 1st April of that year. Accordingly with the approval of the Finance Minister, the rates of interest on various small savings schemes for the Financial Year 2014-15 effective from 01 April 2014, on the basis of the interest compound...
Check present Bank Interest rates
  Please click the following link to know the current bank interest rates  Bank Name Bank Website.   Click here to know the interest rates  SBI  Visit bank  ICICI Bank  Visit bank  Citi Bank  Visit bank  HDFC  Visit bank  Axis Bank  Visit bank  Andhra Bank  Visit bank  ...
Basic Savings Bank Deposit Account (BSBDA) – FAQs
  Basic Savings Bank Deposit Account (BSBDA) – FAQs Please refer to RBI Circular DBOD.No. Leg.BC.35 / 09.07.005/2012-13 dated August 10, 2012 wherein banks have been advised to offer ‘Basic Savings Bank Deposit Account’ with certain minimum common facilities to all their customers without the requirement of any minimum balance and any charges. In view of several queries received in this regard from banks and public, we are enclosing a list of “Frequently Asked Questions (FAQs)” on...
REC Tax Free Bonds issue opens 30th August,2013
  REC Tax Free Bonds issue opens 30th August,2013   REC’s public issue of Secured Redeemable Tax-Free Bonds closes 23rd September, but the opportunity may be over soon in case the company gets necessary funds State-run Rural Electrification Corp (REC) public issue of Secured Redeemable Tax-Free bonds will open for subscription on 30th August. The issue closes 23rd September, but the opportunity may be over soon in case the company gets necessary funds quickly from early subscribers.   The...
Axis Bank increases interest rates on NRI fixed deposits
  Axis Bank increases interest rates on NRI fixed deposits  (24-Aug-2013) Axis Bank, India’s third largest private sector Bank, announced an increase in the interest rates on Foreign Currency Non Resident (FCNR-B) deposits of tenures over three years by 1 per cent, with effect from August 17, 2013. The Bank has also announced an increase in interest rates on Non Resident External (NRE) fixed deposits for tenures above three years by 50- 75 basis points, with effect from August 24, 2013. The F...
IDBI Bank hikes interest rates on FCNR (B) and NRE deposits
  IDBI Bank hikes interest rates on FCNR (B) and NRE deposits IDBI Bank has increased interest rates on foreign currency non-resident FCNR (B) and non-resident external (NRE) deposits across select maturity buckets, aimed at attracting foreign currency inflows from NRI diaspora. Interest rates on FCNR (B) deposits for the tenor of three years and above has been increased by 100 basis points (bps) across all nine currencies. In respect of NRE deposits, the rates have been hiked for the tenor of more t...
Flexi-Deposit Schemes
  Flexi-Deposit Schemes   (01-06-2013) If your  money is sit idle in savings bank accounts just earning 4%.   There is an option to  earn  higher interest on your idle money parked in  savings bank accounts.  Most of the banks in India have a deposit scheme called Flexi-Deposit offering higher interest income to the depositors.  What is  Flexi-Deposits ? It is just a mix of Savings account and Fixed Deposit.  It gives you an option to set a limit and the...
Double your Money in 6 years - Invest in IIFL Bonds
Double your Money in 6 years  - Invest in IIFL Bonds Comany Name  :INDIA INFOLINE FINANCE LIMITED Company Profile  India Infoline Finance Limited is a subsidiary of India Infoline Limited (IIFL). The Company is engaged in the activity of mortgage financing,  loan against securities gold loans margin funding and other consumer financing products. Issue open on : 5-September-2012 Issue Closes on :18-Septemer-2012 Key Highlights of the Issue Issue Size   &n...
All about Chit Funds
All about Chit Funds A Chit Fund (Chitty) is basically a contract between the foreman and the Subscribers. As per the contract, each subscriber agrees to remit a fixed amount of money every month for a number of months. Chit Fund is a unique scheme incorporating the aspects of a recurring deposit and loan (cash advance) In chit fund, the subscriber has an opportunity to bid and avail of cash in advance which amounts to a certain percentage of the total denomination of the chitty (sala), whereas in recurring deposit the ...
How Savings Bank Interest-rate deregulation affects Liquid Funds
How Savings Bank Interest-rate deregulation affects Liquid Funds The charm of liquid funds offered by mutual funds are going to become unattractive, as a result of recent deregulation of savings bank interest rate. Normally Corporate and High-Net worth Individual (HNIs) invest their surplus funds that was lying idle in the current account in short term liquid funds of mutual funds to earn a reasonable return when compared to Savings Bank Accounts. Bank are now offering upto 6% annual interest on savings bank accounts, t...
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