Bajaj Finance fixed deposits cross Rs 50,000 crore
Mumbai: Non-Banking Financial Company (NBFC) Bajaj Finance Ltd’s recently said its Fixed Deposits book had crossed Rs 50,000 crore.
Fixed Deposits for NRI Investors: Tax Implications and Repatriation Rules
Fixed deposit accounts have been great investment tools for Non-Resident Indians (NRIs) seeking stability and predictable returns. These accounts offer a secure way to grow your money while keeping it easily accessible. However, before you embark on your investment journey, it's crucial to understand the tax implications and repatriation rules associated with NRI fixed deposits. In this comprehensive guide, we will explore the considerations for NRIs looking to invest in fixed deposits.
Fixed deposits are once again gaining primacy, thanks to factors that are working in tandem in their favour, prompting an influential section of investors to consider these fixed-income options in addition to market-linked securities.
Google to enable users to invest in FDs through Google Pay: Report
Google Pay users may now be able to invest money in fixed deposits using the online payment app, according to a media report.
Will the RBI repo rate cut lead to reduced FD interest rates?
The Reserve Bank of India (RBI) announced a 40-basis point cut in the repo rate and reverse repo rate. After the rate cut, the repo rate stands at 4% and the reverse repo rate at 3.35%. This is the third time the RBI Governor Shaktikanta Das has briefed the media, on measures to boost the economy.
What Are The Top FD Interest Rates Offered By Top Financiers?
Fixed deposits have been a top pick with investors for decades, and for good reason too. Their high degree of safety and promise of returns makes them an option you can truly count on. But it is important to know that while FD interest rates are not linked to the market, they are sensitive to fluctuations in the repo rate. For instance, in 2018 the RBI revised the repo rate thrice, and hiked it twice to bring it to the current 6.5%. The RBI does so primarily to curb inflation, in order to maintain liquidity in the economy.
Want to Earn Higher Returns than Banks? Try Investing in Company Fixed Deposits
Fixed deposits in today’s day and age has become the most preferred investment option. Being a safe investment avenue, fixed deposit (FD) also have a higher rate of interest compared to a savings account. Although savings is a traditional method to park your hard earned money, it still does not prove to be that beneficial. Rather, the returns earned on a savings account are too less compared to fixed deposits as well as are gained late. This is why you should park your funds in a fixed deposit.