Recurring Deposit Interest Rates

Recurring Deposit Interest Rates

Recurring Deposit is a special kind of Term Deposit offered by banks which help people with regular incomes to deposit a fixed amount every month into their Recurring Deposit account and earn interest at the rate applicable to Fixed Deposits. Tax Deducted at Source ( TDS ) is applicable on Recurring deposits. If interest earned … Read moreRecurring Deposit Interest Rates

PPF Interest Rate

PPF Interest Rate

The Public Provident Fund is a savings-cum-tax-saving instrument in India, introduced by the National Savings Institute of the Ministry of Finance in 1968. The aim of the scheme is to mobilize small savings by offering an investment with reasonable returns combined with income tax benefits. 1. ELIGIBILTY – Individuals in their own name as well … Read morePPF Interest Rate

Post Office Fixed Deposit Rates

Post Office Fixed Deposit Rates

For more than 150 years, the Department of Posts (DoP) has been the backbone of the country’s communication and has played a crucial role in the country’s social economic development. Post Office also accept deposits under Small Savings Schemes. Post office fixed deposit Also known as time deposit, post office fixed deposit accounts can be … Read morePost Office Fixed Deposit Rates

Fixed Deposit Rates

Fixed Deposit Rates

A fixed deposit (FD) is a financial instrument provided by banks or Non-bank financial institution (NBFCs} which provides investors a higher rate of interest than a regular savings account. It offers a uniform interest rates that could be a lot reliable than equity investments. Fixed deposits are an ideal savings instrument for people of every … Read moreFixed Deposit Rates