Some banks offer higher interest rates on Fixed Deposits (FDs) compared to Sukanya Samriddhi Yojana (SSY), making FDs more appealing for investors seeking fixed returns
Major financial institutions like Yes Bank, ICICI Bank, and HDFC Bank are implementing changes to savings account charges, credit card rules, and fixed deposit schemes starting May 1, 2024.
According to the experts investors must keep their exposure limited in FDs of small finance banks so that it will fall within the purview of DICGC cover of Rs 5 lakh rs including principal and interest.
Financial Literacy News: Small finance banks provide great interest rates on fixed deposits (FDs), with some going as high as 9%. If you're looking for top rates, you might want to invest soon, as rates could go down later. Before you invest, check out the best FD rates from small finance banks. Remember, these rates apply to deposits up to Rs 2 crore.
if a business has surplus capital, then that can be invested in numerous ways, while keeping one s risk tolerance in mind. It would be a win for the business as well as for the wealth management industry.