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SBI cuts MCLR by 5 bps across all tenors, reduces fixed deposit rates

After the cut, the one-year MCLR comes down to 7.85 percent per annum from 7.90 percent per annum. According to SBI’s press release, this is the bank’s ninth consecutive MCLR cut during the current financial year 2019-20.

Retail depositors face further FD rate cuts

Through this new additional window of Rs 1 lakh crore, RBI will be providing finance for 1 year and 3 years at repo rates. But this is bad news for retail depositors because banks may cut the FD rates further in the 1-3 years time frame.

Check fixed deposit interest rates of SBI, PNB, HDFC Bank and ICICI Bank

​​Not only conservative investors prefer bank FDs but also, senior citizens consider investing a large amount of their money in bank FDs as they consider it as one of the safe options over equities. Find out FD rates offered by several banks

Mega PSU bank mergers come into effect from April 1. 5 things a bank customer should know

You would have given your bank account numbers and IFSC codes for various financial transactions. Unless these accounts are seamlessly merged into the financial system of the anchor bank, you would be required to change the details of your bank account.

SBI cuts long-term FD interest rates by 15 bps

The bank has cut rates on long-term fixed deposits maturing in 1 year to 10 years. According to the bank's website, FDs with tenures of more than one year will now fetch 6.1 per cent, down from 6.25 per cent earlier.

Can I invest in Post Office schemes and FDs for my retirement?

If you have any mutual fund related queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

Tax optimiser: Salaried Khanna can cut tax by Rs 4.7 lakh by rejigging salary structure

ET Wealth tells readers how they can optimise their tax by rejigging their income and investments.

RBI keeps repo rate unchanged: What does this mean for your loans and fixed deposits?

The Reserve Bank of India, in its monetary policy review today, kept the repo rate unchanged at 5.15%

Despite cut in rates, corporate fixed deposits attractive

Similarly, Bajaj Finance has lowered deposit rates by 15-40 basis points and the maximum it pays is 8.35%. PNB Housing Finance and Shriram Transport Finance are likely to reduce rates by 20-25 basis points, beginning early January.

'They had Rs 50 lakh in FD, but didn’t want to invest more Rs 10,000 per month in mutual funds’

The Shindes already had a house and car. Their combined income was roughly Rs 3.5 lakh, and they had invested in multiple life insurance products, fixed deposits, PPF, real estate, and some mutual funds. A large chunk of money was lying in their savings account

5 tax-saving options for risk-averse investors

Risk averse investors look for stability in their returns and market volatility makes them nervous. So if you are someone who does not want to take much risk with your investments and want assured returns, ET Online’s Shambhavi Mehrotra lists out 5 fixed-income, tax-saving avenues you can choose from.5 tax-saving options for risk-averse investors

3 easy steps to choose your tax-saving investments this year

You have exactly four weeks to finalize your tax-saving investments. In case you forgot, this is the first week of March, and you have to make your investments before 31 March to claim tax deductions on them in this financial year.

Interest rates on corp deposits start falling, already down by 0.5%

Leading private sector lender HDFC Bank pays a maximum of 6.4 per cent on its deposits.

State Bank of India cuts interest rates on savings accounts, fixed deposits

This is a U-turn from the bank’s stance in August, where it had stated that it will keep interest rates on savings account unchanged.

Should I continue with my PPF investment or invest maturity amount in mutual funds?

Whether you should continue with your PPF investment post maturity or invest the maturity proceeds in mutual funds depends on whether you need that money or not.

Tax optimiser: Engineer Sharma can cut tax by Rs 50,000 via NPS, perks

ET Wealth tells readers how they can optimise their tax by rejigging their income and investments.

ELSS Vs PPF Vs FD - What works for you?

ELSS tax saving mutual funds have been getting traction in the past few years as individuals are becoming more aware.

ICICI Bank slashes FD rates by up to 50 bps. Check the latest rates here

From now, the one-year FD will fetch 5.8 per cent per annum, down from 6.2 per cent (a 50 bps cut) and five-year FDs will now earn 6 per cent, down from 6.4 per cent (a reduction of 40 bps).

JM Financial Services launches Paperless Fixed Deposits Online

Distributors empanelled with the company will be able to offer the services to existing and new clients.

SBI cuts MCLR and fixed deposit rates across all tenors

Due to this rate cut, the one-year MCLR would come down to 8.15 percent a year from 8.25 percent. This is SBI's fifth consecutive cut in MCLR in FY 2019-20.

Women are 'recklessly cautious' with savings, prefer to park money in FD, PPF: Survey

The survey said nearly 44 per cent of the women said easy access to their money is important to them when they save or invest their hard earned money.

Investors wiped out by Yes Bank AT-1 write-off; Retired lose life’s savings

Yes Bank on Saturday had said that it has written down Rs 8,415 crore of the Rs 8,690-crore AT-1 bonds issued. The bank has said that since the third quarter losses had turned it unviable or approaching unviability, the bonds were written down.

Falling FD rates set to hit 4 crore senior citizens hard

SBI cut both savings and deposit rates. There are about 4.1 crore senior citizen FD accounts with about 14 lakh crore in aggregate in them, according to an SBI report.

How to earn regular income by investing in mutual funds

With interest rates unlikely to head upward anytime soon, retirees need to get out of the fixed deposit mindset. Yes, FDs earn interest income, but withdrawal from mutual fund investments offers many hidden benefits.

Listed bonds offer better yields compared to bank FDs. Here's how to pick the right one

Though fixed deposit rates are low, yields on listed bonds from quality companies are at a higher level.

For DHFL depositors, it's a lonely battle

With no relaxation to even withdraw part of the deposit like in Yes Bank, Sunanda and others in a group of 200 are now waiting for April 8 when the next hearing in the DHFL case is scheduled at the NCLT.

SBI reduces interest rate on fixed deposits across all maturities

For time deposits with longer tenors, there is a reduction upto 20 bps in the Retail segment and 35 bps in the Bulk segment.

Claims worth Rs 4,800 cr admitted from fixed deposit holders of debt-laden DHFL

Nearly 55,000 public depositor holders, including retail and UP Power Corporation Employees, have demanded payments aggregating to Rs 5,200 crore from the troubled mortgage players as of December 17. "The claims from fixed depositors that have been admitted, so far, are Rs 4,800 crore," a source said.

SBI reduces MCLR across all tenures by up to 15 bps

Effective from March 10, 2020, the one-year is 7.75 per cent down from 7.85 per cent earlier. Similarly, three-month MCLR now stands at7.50 per cent, down from 7.65 per cent by 15 bps.

EPF interest rate lowered by 15 bps to 8.5% for FY20

The interest rate is a big sentiment booster and any cut may further hit the employee sentiment.

Equitas Small Finance Bank waives off non-maintenance charges on savings accounts

To increase its savings deposits the bank is offering interest rate of 7.5% per annum on savings account and upto 8.25% p.a. on fixed deposit. It also offers 60 basis points more for senior citizens.

EPFO mulls rate cut on PF deposits to 8.5% for FY20

The EPFO is considering a cut of 15 basis points in the interest rate on PF deposits in FY20 to 8.5%.

Income tax changes of 2019: The impact they made on your personal finances

The changes help salaried people save more tax, while the uber rich took a big hit on the taxation front.

Comparing debt funds to FDs is too simplistic: Mahendra Jajoo, Mirae Asset Global Investments

Debt funds have seen several rounds of severe volatility over time and successfully met the challenge. However, each such episode does leave its own destructive trail.

Banks can’t claim tax relief on FD insurance

Reversal of credit would lead to an increase in cost by anywhere between Rs 200 to Rs 500 crore for banks.

RBI maintains repo rate: Here's what it means for borrowers, FD investors

With no change in key policy rates, the repo rate currently stands at 5.15 per cent and reverse repo rate at 4.90 per cent. FD investors can heave a sigh of relief as there will be no downward pressure on interest rates in the economy.

Tax optimiser: NPS, perks can help Yadalam reduce tax outgo by Rs 87,000

Yadalam should opt for the NPS benefit offered by his company. Under Sec 80CCD(2), up to 10% of the basic salary put in the scheme is tax free.

How can I improve my credit score?

It is important to have a good credit score to avail the loans easily from banks. These days banks rely on credit score as one of the criteria to ascertain the interest rate that they will be charging from you, especially in case of home loans.

Perpetual bonds are offering higher interest rates than fixed deposits: Should you invest?

The yield being offered by these bonds are significantly higher than fixed deposit rates and therefore, it is natural for investors to be interested. So should you buy these bonds? Here is a closer look at the risks involved with perpetual bonds.

How should a senior citizen invest amount received on FD maturity to get monthly income?

You can equally divide the amount in corporate bond and floating rate funds. For monthly income, consider debt funds that are yielding 6-7% annually. You can opt for a monthly SWP option, which can be up to .50 percent of your corpus.

How can I avail tax break on interest income earned on RD, monthly income schemes and NSC?

Under Section 80TTA, you can claim a deduction of up to Rs 10,000 on savings bank/post office deposits. Interest earned on post office RD and NSC is eligible for exemption under Section 80C within the overall limit of Rs 1.5 lakh in the years.

Budget 2020 should cut tax outgo by changing sec 80c, family pension laws

Deduction under section 80C is a deduction from gross total income which can be claimed for investment in specified avenues, expenditures up till a specified limit. The existing maximum deduction available under this section is Rs 1.5 lakh, set in 2014.

Individual loan demand strong despite fears of a slowdown: Keki Mistry, HDFC

We have guided the market that we are cautious about growing non-individual loans.

Franklin MF liquidates lien marked fixed deposit by ADAG

By doing this, the asset manager has brought down its exposure to the ADAG group.

Gold vs fixed deposits: Where should you invest?

The good returns and familiarity of gold make us think that it is what we should invest in. But should you focus so much on gold?

Banks offer higher interest rates on fixed deposits

A day after SBI's decision to raise fixed deposit rates by 5-10 bps, Allahabad Bank announced 10-100 basis upward revision on Thursday.

Do senior citizens with income less than Rs 5 lakh need to pay tax on FD interest income?

You are eligible for a basic exemption of Rs 3 lakh plus a tax rebate under Section 87A on taxable income up to Rs 5 lakh for the financial year 2019-20.

Don't compare balanced advantage funds with FDs, debt mutual funds

If some mutual fund advisors and bank sales force are to be believed, balanced advantage funds are the safest investment option in the mutual fund universe

MF portfolio doctor: Why Singhvi should avoid investing in fixed deposits

The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and recommends corrective measures.

No cheaper loans without FD rate cut: Aditya Puri, CEO HDFC Bank

Puri himself does not use a smartphone or laptop and uses his tech ‘illiteracy’ as a strength to challenge his team to come up with digital interfaces that the man on the street can use.

Money flows to PO deposits again as bank FD rates fall to below 7%

Fixed deposit rates of top banks have fallen by an average 0.5-1 per cent to 6.5-7.1 per cent.

SBI cuts deposit, lending rates

Last week, RBI made it mandatory for banks to link retail and MSME loans to external interest rate benchmarks

Can you claim refund on tax deducted on FD in the name of your children?

As per the Income-tax Act, the income of minor child shall be included in the income of the parent whose total income after including minor’s income is greater.

SBI reduces one-year MCLR by 10 bps

According the bank’s press release, this is its eighth consecutive MCLR cut this financial year.

Bajaj Finance increases its fixed deposit interest rates

These new rates are offered on an annual basis, applicable under the cumulative and non-cumulative payout schemes on 36-60 month tenors.

Single deposit of Rs 2 crore and more to qualify as 'bulk deposit': RBI

The instructions regarding bulk deposits were last reviewed in January 2013 and defined as single rupee deposits of Rs 1 crore and above.

ICICI Bank launches FD Xtra, a range of innovative term deposits

In Budget 2019, FM has also proposed to increase the TDS (tax deducted at source) threshold on Fixed Deposit and other savings products to Rs. 40,000 from Rs 10,000.

ITI Mutual Fund launches arbitrage fund

ITI Arbitrage Fund will invest in arbitrage opportunities available in the equity markets and the balance in debt securities with a maturity of less than 91 days.

How to invest in fixed deposits

For most investors, safety of the principal invested remains the most important feature pushing other factors such post-tax return to the back ground.

ITR Filing: How to verify the validity of Form 16

Every taxpayer should verify and validate the TDS certificate before claiming any tax deduction.

Seven things to know before investing in an FD

FDs allow you to manage your financial risks and help fulfil your goals aspired for different stages of your life. These could involve securing your child’s future, his or her education and marriage, or as a hedge against unexpected expenses.

Stock pick of the week: Why analysts believe worst is over for Axis Bank

Healthy operational performance like good domestic credit growth, increase in retail loan growth and strong performance on the income side have made it top pick.

How can a retiree secure a regular income?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

Tax optimiser: NPS and perks can help Sinha reduce his tax outgo by Rs 40,000

ET Wealth tells readers how they can optimise their tax by rejigging their income and investments.

Fixed deposit rates to rise faster than interest on retail loans

According to a report by ratings agency Care, lending rates have traditionally grown faster than interest on deposits in a rising rate regime.

HDFC Bank raises fixed deposit rates by up to 0.6%

RBI last week increased the benchmark short-term lending rate, at which it lends to other banks, by 0.25 per cent to 6.5per cent.

Time to trim high equity exposure? Yes, say experts

Investment advisors said SIP returns of various mid- and small-cap schemes are in the red.

Individuals' investment in equity rose 30% in 2017-18, only 7% in FDs: Karvy report

The report says the shift towards financial assets like equities, mutual funds and small savings instruments continues at a fast clip.

RBI maintains status quo on rates: Is this good news for borrowers?

This is the second time in a row that RBI has maintained status quo on interest rates; before this it had raised the repo rate twice by 25 basis points.

How to close a fixed deposit

One may prematurely close the fixed deposit for personal use of the funds or may reinvest in a new FD at a higher interest rate.

SBI cuts MCLR by 5 bps across all tenors; reduces FD rates as well

The new MCLR rates will be effective from November 10. After the cut, the one-year MCLR stands at 8 percent. According to SBI’s press release, this is the bank’s seventh consecutive MCLR cut during the current financial year.

ICICI Bank raises retail term-deposit interest rates by up to 25 bps

ICICI Bank raises retail term-deposit interest rates and is offering 7.50% on term-deposits for tenor above 2 years upto 3 years.

Tax optimiser: Why salaried Kumar needs more perks in his salary to cut tax

ET Wealth tells readers how they can optimise their tax by rejigging their income and investments.

Best mutual funds to invest for 10 to 15 years

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

Top 5 senior citizens bank fixed deposits

Senior citizens prefer to invest a large chunk of their money in FDs because the principal amount is considered safer as compared to investments in equity.

Axis Bank, SBI hikes fixed deposit rates for select tenors

The new rates will be applicable for FDs below Rs 1 crore and will be effective from May 28.

​Investors may move from liquid mutual funds to overnight funds or bank FDs to escape exit load

Sebi's move to do away with amortization will make ​liquid funds more volatile and bring down the lumpy inflows and outflows.

Franklin MF liquidates lien marked fixed deposit by ADAG

By doing this, the asset manager has brought down its exposure to the ADAG group.

Are you looking for profits or to create wealth from mutual funds?

Many investors think that it is best to sell their investments when the market is high, and reinvest the money when market is at its lowest point.

Households are reducing their reliance on banks

Coming with an unsaid sovereign guarantee of sorts, fixed deposits (FDs) seemingly offered investors liquidity — and safety — as nationalisation sought, in part, to arrest the 40-odd bank failures a year.

HDFC Bank hikes deposit rates by 1 percent for select tenures

According to the bank's website, tenures above two years will now earn 7 percent instead of 6 percent.

Investment queries: What factors should I consider while investing in corporate fixed deposits?

The longer the tenure, the higher the risk of the deposit being impacted by an adverse change in the company’s fortunes.

HDFC Bank hikes fixed deposit rates for amount under Rs 1 crore

Deposit rates in the two years to 1 day up to five years which were so far yielding 6% interest will now give depositors 7% interest, a jump of 100 basis points, the bank said.

Will these mutual funds help me to create 50 lakh in 15 years?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

Mahindra Finance to pay 25 basis points extra for online fixed deposits

For instance, a 20-month deposit done through its website pays 8.05% interest while an 18-month deposit done in the physical mode by writing a cheque fetches an interest of 7.75%.

All you need to know about liquid mutual funds

The NBFC crisis has brought liquid funds back in favour as they carry lower risk than corporate FDs.

All you need to know about liquid mutual funds

The NBFC crisis has brought liquid funds back in favour as they carry lower risk than corporate FDs.

RBI repo rate cut: Cheer for borrowers but interest rate on FDs likely to fall further

This cut is sweeter for new borrowers as banks are supposed to link all new floating rate loans to four external benchmarks specified by RBI from October 1.

When you should and should not invest in tax-free bonds

Though tax-free bonds offer tax-exempt interest, you should consider these points before investing in them.

SBI hikes interest rates on fixed deposits above two years

The latest hike is especially good news for those who have FDs below Rs 1 crore and for those haven't invested in bank tax-saving FDs.

How to earn higher deposit rates

State Bank of India (SBI) offers deposit rates in the range of 6.70-6.85%, with one to five year maturities.

How to fill income from other sources in ITR-1 for FY 2018-19

This year filling details under the head 'Income from other sources' in ITR-1 form will be different from last year as you are required to give detailed break-up.

I don't plan on working again. How long can I keep money in my EPF account?

Usually, an EPF account remains operative till the beneficiary turns 58. However, there are certain tax implications that one must be aware of.

What has changed with the erstwhile balanced funds

Balanced funds are now correctly renamed by SEBI as Aggressive Hybrid Funds.

Allahabad Bank launches external benchmark linked loans for retail borrowers

With the introduction of these products, the bank is passing on the benefit of lower interest rate in the range of 5-150 bps from the existing rate of interest under MCLR.

Company fixed deposits: Interest rates and other factors to consider before investing

It is mandatory for all companies including NBFCs and those in the manufacturing sector to get rated before they can raise deposits from the public.

How to avoid premature closure of a bank fixed deposit

A better way to manage interest rate risk and provide some liquidity to funds as well is to 'ladder' one's deposits across different tenure.

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