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.
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.
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.
BOI AXA M & I Fund - Direct (G)
Axis Small Cap Fund - Direct (G)
Axis Small Cap Fund (G)
BOI AXA M & I Fund (G)
BOI AXA Tax Advantage - Direct (G)
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06:09 AM Bajar Gupshup LIVE: Jan 11, 2023
06:09 AM Why are multi-asset funds popular?
06:09 AM What is OFS and what has changed?
Credit cards with travel related benefits are popular among those flying frequently on international vacations or business trips
Car is a depreciating asset and hence, it’s better to take as small a loan as possible.
Up to 90 percent of your travel money should be in the form of cards if you’re travelling to destinations where acceptance of digital payments is high, says Sudarshan Motwani, Founder and CEO, BookMyForex.
From Ujjivan to Bandhan Bank, small finance banks and new private banks have been offering higher interest rates on savings accounts compared to leading private and public sector banks to acquire new retail customers.
Customers with repo rate-linked home loans are likely to reach an EMI level where their lender will not be in position to increase the tenure, meaning monthly payments would rise.