Fixed Deposit vs Mutual Fund Parameter Fixed Deposit (FD) Mutual Fund (MF) Returns Fixed Variable Risk Negligible Significant Investment via Directly with the bank/company Directly with fund houses or indirectly via distributors/brokers Withdrawal The penalty is imposed on premature withdrawal which constitutes lowering of the interest rate at which due returns are to be paid…
Have you wondered why banks charge annual fees for some Credit Cards, while others are provided at zero charges? And does it make sense to pay these annual charges, which can be as high as Rs 10,000 for some premium cards, when you can easily have a card for free? Let us explain. Firstly, Credit […]
State Bank of India has waived off the requirement of maintenance of Average Monthly Balance (AMB) for all Savings Bank Accounts. The bank has also decided to reduce the interest rate on the savings account to 3 percent per annum, irrespective of the amount deposited by the account holder. Further, SBI has also waived SMS…
Note: The information on this page may not be updated. Kindly refer to the bank website to check the latest information. Savings accounts are a great way to save funds for the future. Modern savings accounts are feature-packed and offer quick links to pay bills, make instant transactions, etc. to the account holder as soon…
Indian Railways still is one of the most preferred modes of travel in India. High airfares and low connectivity to Tier II and Tier III cities have made railways the best choice for long distance travels. SBI, in association with IRCTC, provides IRCTC SBI Platinum credit card which is an entry-level credit card that provides loyalty points on train ticket booking. SBI has recently launched its premium variant IRCTC SBI Card Premier that has better privileges for cardholders. Let us have a look at how these cards fare in our review.
The Union Budget 2020 presented by Finance Minister Nirmala Sitharaman has proposed a number of changes that directly impact the individual tax payer. These changes which will come into effect from 1st April 2020 are as follows: New Tax Rates Introduced in Union Budget 2020 Union Budget 2020 introduced a new Income Tax Regime, which…
As a home loan guarantor, you need to ask yourself a few questions before you commit to undersigning the loan document.
