Emergencies always arrive unannounced, so you must plan well in advance to combat it. An emergency fund takes care of all these problems.
Many retirees are not organised in their finances as a result of which they are not able to enjoy their wealth fully
However, three out of the four schemes including that of State Bank of India (SBI) cannot be availed after 30th of September
Target maturity funds earn more than bank FDs while the risk element remains low, say experts.
State Bank of India is offering an exclusive FD on the occasion of the 75th year of Independence.
The need to save for retirement is a recurrent theme in the discourse for financial independence, but very few make a disciplined investment.
As per previous regulations, the FD maturity amount would start earning savings interest rate. However, earlier this month, RBI introduced a new rule
The government and banks must ensure that the humble fixed deposit doesn’t become an endangered investment instrument in the future.
Post Office Monthly Income Scheme: Minors can open an account under the post office monthly income scheme
Debt instruments are generally considered safer investment options, but offer lower returns