Fixed deposits are safe and can provide stable income in old age
Interest rates charged and the other charges like loan processing and interest in delayed payments are quite high
FDs by NBFCs offer higher interest rates than banks or post offices
FD tenure can range from short-term to long-term depending upon the investment goal.
The interest earned on a FD is fully taxable. It is considered a part of total income and taxed as per the applicable tax slabs
About 10% of the total credit of Rs 85,000 under this head has turned NPA.
The need of the hour is to effectively secure the economic recovery underway so that it becomes broad-based, the MOC said
Movement is repo rate, reverse repo rate and cash reserve ratio affects the interest you earn and the EMI you pay
The first meeting of the six-member MPC to decide on the first bi-monthly monetary policy statement for 2021-22 will be held from April 5 to 7
Our decision to hold cash or consume is influenced by a series of factors of which interest rates (& by extension inflation) are important factors