The month will see BSE raising derivatives transaction fees and banks will wind up special high-rate FD schemes while the reward multiplier scheme will end for Amex cardholders.
From the end of deadlines for exchanging Rs 2,000 notes, providing nomination or opt-out for investments in MFs and demat accounts to significant changes to Axis Bank Magnus and Reserve card, there is much happening in the financial arena you need to be aware of.
SBI Amrit Kalash is a 400-day term deposit offering a rate of 7.1% interest for regular customers and 7.6% for senior citizens. Customers can book SBI Amrit Kalash FD through the SBI branch, internet banking, and the SBI YONO app.
August may be the last month to lock in your investments in special FD schemes offering high interest rates. You d also need to verify your income tax returns, spend smartly as the festival season kicks off, and track the RBI’s monetary policy announcement for any repo rate hike this August.