Get a fix on your budget first; Then check the investment avenues that will help you cope with inflation and currency fluctuations between now and the day you eventually fly out
Take into account tax benefit and payout frequency as well when selecting a scheme
Stick to shorter tenure fixed deposits now to benefit from higher rates later
Banks have made a case for lowering fixed deposit (FD) tenure to three years for availing tax benefits, in line with mutual fund products like equity-linked savings scheme (ELSS)
There has been a surge in demand for residential property in the aftermath of the pandemic, but prices haven't budged much due to excess inventory
Rate increases have only begun; doing so will allow you to reinvest your money at higher rates later
Before the equity market, mutual funds and other investment options became household names, FDs and RDs were considered the safest mode to park money. Let us decode them in this segment
Invest only a part of your retirement corpus in them or else you will not be able to benefit from any rate increase
Limit exposure to 5-15% of debt portfolio, avoid investing for very long tenures
RBI has been wary of allowing tech giants in the banking space
The RBI is weighing carefully if this could eventually lead to a backdoor entry of Big Tech in the Indian banking system
American tech giant Google has recently partnered with fintech startup Setu to let users open fixed deposits (FDs) through the digital wallet platform Google Pay
Shriram City Union Finance and Shriram Transport Finance Company have raised record retail fixed deposits (FDs) worth Rs 2,000 crore in July 2021
Paytm Payments Bank's customers can now make instant payments through its payment gateway using balances available in their fixed deposit account held with its partner bank, IndusInd Bank.
Deterioration risk in credit profile increases, and better rates may become available a year later
Inform your heirs about deposits and whereabouts of related documents so that they can make a claim
Savvy investors can expect to earn better returns by investing in alternatives
Buy plans that do not have return of purchase price option, at a later age, to get a better rate of return
Stick to deposits of firms with high rating
Should deposit growth continue to outpace credit growth, banks may end up ceding some hard-earned 25-50 bps improvement in profitability or net interest margin gained in the past two years