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Investors have been increasingly turning to bank fixed deposits (FDs) as a safe shelter for their mo
Wednesday, November 19, 2008 www.dnaindia.com
(
Business
)
Here’s how someone in the highest tax bracket could do this.
With the stock market expected to continue being choppy and fixed income plans of mutual funds battered under credit concerns as well as interest rate swings, investors have been increasingly turning to bank fixed deposits (FDs) as a safe shelter for their money.
As bank interest is fully taxable (thereby reducing the effective rate),
Tags :
stock-market
FDs
relook
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Comments | Submitted by : sharekhan
Reserve Bank of India saw some banks lowering their rates for advances
Wednesday, November 12, 2008 www.dnaindia.com
(
Business
)
The recent liquidity infusing measures taken by the Reserve Bank of India saw some banks lowering their rates for advances, including those for home loans. If interest rates for advances fall, it is but obvious that deposit rates, too, will follow.
Consequently, investors are rushing to lock in their funds before these special deposit schemes that offer higher rates permanently go off the shelf.
Tags :
Reserve-Bank
India
FDs
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Comments | Submitted by : corporate
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