If you are planning to lock your savings in a fixed deposit (FD), it is reasonable to check the interest rates offered by different banks. Although most depositors prefer to open a term deposit account with a bank with which they share a long-term banking relationship, one can consider opting for a new bank so … Read more
If you want to make the most of the high interest rates that prevail in the current market, you may consider locking some of your savings into fixed deposits. Since equity markets are declining on foreign investors’ selling spree and Nifty50 is already 8 per cent down from its all-time high, parking your money in … Read more
Every bank needs to maintain a balance between the credit card rewards offered to customers and profitability. The balance ensures the rewards program can be provided to customers on a sustainable basis in the long term. Banks like HDFC Bank and Axis Bank have restructured the benefits on their credit cards in the recent past. … Read more
Buy or sell: The Nifty Index concluded the week at 24,180, falling below the anticipated support zone of 24,800. As noted previously, a close beneath this level could trigger further selling in the equity market, positioning the index toward the 24,000 mark. With the weekly close near 24,000, market participants are keenly watching whether the … Read more
The Bank Nifty, which has lagged behind broader indices over the past few months, is showing signs of resurgence. A strong performance by HDFC Bank and Axis Bank, coupled with a mixed showing from Kotak Mahindra Bank, suggests the index could lift the markets in the coming sessions. Although rising deposit rates have put pressure … Read more
After keeping the benchmark interest rate unchanged for ten consecutive meets, Reserve Bank of India (RBI) is expected to cut the repo rate in the next monetary policy committee (MPC) meet scheduled in December. It is, therefore, recommended to lock your savings in fixed deposits (FDs) for as long as possible, argue experts. “If your … Read more
Close on the heels of HDFC Bank upgrading the eligibility criteria for its premium credit cards and SBI increasing interest rates for its credit cards, ICICI Bank has reduced the benefits for customers across credit cards. There will be no reward points on government-related spending on ICICI credit cards. The bank has also capped reward … Read more
Before investing in a fixed deposit (FD), it is common, and even advisable, for investors to look for banks or financial institutions which offer highest interest rates on their deposits. Although it is common for banks to offer higher rates for long-duration deposits, one can still opt for short-term deposits to meet early financial goals. … Read more
If you are planning to open a fixed deposit (FD) account, it is advisable to first compare the interest rates offered by different banks. Although depositors tend to opt for the bank with which they share a long-term relationship, they can still choose a bank that gives them a higher rate of interest on fixed … Read more
If you are planning to get a credit card, then it is important to note that there are plenty of them to go for. Some credit cards offer travel reward points, while a few are good if you love to dine outside. Few are good for the moviegoers, while others are good if you drive a … Read more