The country’s largest private sector bank, HDFC Bank, has introduced new services, including a virtual credit card, which is a digital card. With a Rs. 500 annual fee, this card offers many benefits, including the ability to choose the credit card billing cycle date and the card’s design.
Are you interested in depositing your money in the bank to receive a steady monthly return? If so, the State Bank of India (SBI) is offering an excellent scheme called the Annuity Deposit Scheme. This scheme allows you to receive a fixed monthly income for a maximum period of 10 years.
Bank fixed deposits are designed to support senior citizens in their old age by providing guaranteed returns without any risk. Interest rates on fixed deposits have been high for some time now, with banks offering up to 50 basis points more interest to senior citizens than to regular citizens.
When considering making a fixed deposit in the State Bank of India, it’s important to know how many years it will take for your money to double. This can be calculated using the Rule of 72, which is a quick way to estimate the doubling time for an investment.
Axis Bank, one of the leading private sector banks in the country, has announced a revision in the interest rates on fixed deposits worth less than 2 crores. The bank has stated on its official website that these revised interest rates have come into effect from May 15, 2024.
Banks are currently offering good interest rates on deposits, but these rates are likely to decrease soon. For those looking to make a long-term investment, 5-year fixed deposits are a better option. We would like to know the list of the top 6 banks offering high interest rates for these 5-year maturity tenure deposits.
Many people are now turning to gold loans as an easy and fast way to fulfill their financial needs. These loans offer low interest rates and are secured, making them a popular choice among Indians. Gold not only holds a special place in Indian culture as jewelry but also provides financial security in times of emergency.
Many people rely on home loans to build or buy their own house. However, some borrowers do not consider the interest rates when taking a loan, which can cause anxiety when paying the EMI. To avoid this, experts suggest ways to reduce the interest burden of home loans.
If you’re planning to buy gold jewelry in India, it’s important to understand how its value is calculated. Although the price of gold jewelry is generally higher than the current gold rate in the market, a few factors influence the final bill amount.
It is common for people to have multiple bank accounts these days, particularly for those with different jobs. However, what is the maximum number of bank accounts a person can have according to Reserve Bank of India (RBI) rules.