Banking

News - Banks ,banking

How safe is your bank? Remember, mental peace is important

Although considered to be generally safe, many banks have frozen depositors’ money because of weak financials. Private sector and cooperative banks are considered more vulnerable, but even IDBI was headed for trouble before LIC was made to buy it out. Clearly, interest rates on your bank fixed deposits are not the only criteria for an investment.

News - Banks ,financial planning ,banking ,fixed deposit

‘Either or survivor’ clause in bank FDs a myth; surviving joint-holder has a Herculean task on hand

Many banks and even financial planners advise their customers investing in fixed deposits of banks to opt for the ‘either or survivor’ clause. The problem arises when one of the joint-holder(s) dies during the tenure of the deposit, and the surviving joint-holder(s) approach the bank to liquidate the FD.

News - LIC ,RBI ,investment ,invest ,Mutual Funds

Got Rs 10 lakh? Time to look at debt funds in ’23, says LIC MF’s Marzban Irani

Rising COVID cases in China is a cause of concern for Marzban Irani, Chief Investment Officer, Fixed Income, at LIC Mutual Fund. However, he feels it won’t impact the world as much as it did in March 2020. His one big advice for investors: don’t chase returns, without thinking about the risks involved.

News - banking ,Education Loan ,MC Minis ,MC Mini

Checklist for an education loan