Informative....good one and keep it up... don't waste our time by posting articles on Lara Dutta etc....we have no concern on what they do or with whom they are sleeping....
Re: than what is the use of fixed deposit?
by SHYAMA PRASAD on Apr 19, 2010 02:31 PM
Fixed Deposits are for a fixed period - that means from 6 months to three years. You earn a higher rate of interest but cannot withdraw the funds. In Savins account you can withdraw funds on day to day basis depending upon your needs.
Re: Re: than what is the use of fixed deposit?
by manish panda on Apr 21, 2010 02:38 PM
Fixed deposit of 7 days,14 days,etc earn about 2-3% pa interest which is lower than interest earned from savings bank account.
Re: Re: than what is the use of fixed deposit?
by manish panda on Apr 21, 2010 02:38 PM
Fixed deposit of 7 days,14 days,etc earn about 2-3% pa interest which is lower than interest earned from savings bank account.
Re: Re: Re: than what is the use of fixed deposit?
by CN Sankaran on May 26, 2010 03:48 PM
7 or 15 Days are meant for Current Account Holders who do not get any interst even if they keep 'idle' balance of 50,000/- for all 31 days in a month
The Finance ministry may please consider seriously about enhancing the interest on Term / Fixed Deposits as millions of families in the country have to make a living ONLY WITH THIS INCOME amidst rising cost of very basic needs of our daily life.
this is a good article ,thanks however can there be a article to show how banks are not passing on the benefit of lending rates to existing home loan customers this is a very big racket of the banks can some one expose this.
This is a good thing done Finance Ministry to the low earning public. However is no clear information in the article about when the interest rate will be updated in account / passbook whether end of every month or on daily basis? Could the investment zone explain this in detail.
Re: At what intervals the interest will be updated in our passboo
by Indian on Apr 19, 2010 11:33 AM
The interest would be credited to the bank a/c quaterly or half-yearly depending on the bank
This is a good article and informative.The interest on Saving Bank Account should be increased to atleast 4.5 to 5% because an account holder does not drain up his/her account and the money kept is like a Fixed deposit.
