Have you ever faced a situation wherein you got your debit card linked to a portal for a monthly subscription to use a service such as Netflix or something else? And now you want to discontinue the service with immediate effect? There could be a number of reasons for this. Either you enrolled for it … Read more
Stocks to buy for long term: Despite persisting concerns over sticky inflation, elevated rates, geopolitical tensions and stretched valuations, the Indian stock market benchmark, Nifty 50, has seen an impressive gain of about 17 per cent this year so far. Experts are positive about the Indian market’s medium—to long-term growth prospects due to the durability … Read more
If you run short of cash and plan to withdraw your mutual fund investments, take a pause. There is another option: You can take a loan against mutual funds and not disrupt the long-term potential compounding of your investment. Several banks offer loans against mutual fund units at interest rates ranging from 10-15% per annum. … Read more
Before you decide to open a fixed deposit (FD) account in a bank, it is incumbent upon you to compare the interest rates offered by different banks. The interest rates usually do not vary much from lender to lender. However, there is a rule of thumb that applies to most lenders uniformly —the longer the … Read more
Typically, banks offer fixed deposits with a maximum tenure of 10 years. There is no bank that offers an FD with a tenure longer than 10 years. This may change soon. Suryoday Small Finance Bank plans to stretch the maximum tenor of a Fixed Deposit (FD) to over 20 years, and the depositors will also … Read more
Prior to investing in a fixed deposit in a bank, depositors are recommended to compare the interest rates of different banks. This can help them maximise their earnings. Typically, depositors opt for a bank with which they share a long-term banking relationship. However, it should not be seen as a rule of thumb. Sometimes, a … Read more
Before opening a fixed deposit (FD) with a bank, depositors tend to compare the interest rates offered by a bank with those of other banks. Typically, banks offer higher rates of interest on long term deposits. This means longer the duration, higher the rate of interest. Conversely, shorter the duration, lower the rate of interest. … Read more
Although the banking sector has lagged behind the Indian benchmark Nifty index over the past 6 to 12 months, it is well-positioned for substantial long-term growth, driven by India’s largely underbanked population. In 2024, the Nifty Bank index has risen over 8 percent year-to-date, trailing the benchmark Nifty’s almost 13 percent increase. Meanwhile, over the … Read more
The State Bank of India (SBI) has introduced MSME Sahaj, a new initiative designed to cater to the working capital requirements of micro, small, and medium enterprises (MSMEs). This web-based solution is aimed at facilitating fast and convenient invoice financing for MSMEs. Interpreting MSME Sahaj’s utility According to the bank, MSME Sahaj can swiftly approve … Read more
Stock Market News: Although the domestic benchmark indices, Sensex and the Nifty 50, ended the Friday session in the red after rallying for four days, but they ended the month with their biggest gain in 2024 thanks to the return of foreign capital and the return of Prime Minister Narendra Modi to the fold. Nifty … Read more