NEFT, RTGS and IMPS are three ways to transfer money from one account to another. Each of the payment modes has some limitations in terms of timings, value or charges. Let’s understand the meaning of all three payment modes and see the differences between NEFT, RTGS and IMPS. What is NEFT? NEFT stands for National […]
Company Fixed Deposits Risks and Rules to know before Investing
Investing in Company Fixed Deposits Currently, most of the banks are offering interest rates on fixed deposits in the range of 6% to 7%. Although fixed deposits with the banks are safe, post-tax returns of the bank sometimes do not even beat the inflation rate. So it is must for the investors not to stick […]
Choose from Paytm First vs Ola Money Credit Card
Following the footpath of tech giant Apple, Mobile wallet giant Paytm and cab aggregator Ola have come up with their maiden Credit Card. In case you are a user of both the companies and planning to go with an only card then it becomes must know the differences between both the credit cards and choose […]
How Indian Bank Calculate Interest on FD, RD, PPF and Savings Account?
Various types of accounts are offered by Banks in India namely Fixed Deposit Account, Recurring Deposit Account, Savings Accounts, Public Provident Fund Account, etc. But the interest calculation differs from account to account. For instance interest calculation under PPF account is happens on monthly basis while Fixed Deposit interest gets compounded quarterly. However, the calculation […]
Income Tax on Recurring Deposit in India
Are Recurring Deposit tax-free in India? To clear this confusion, below I have penned down all the must-know information about Recurring Deposit. What is Recurring Deposit? Recurring Deposit is a SIP under which you have to pay a certain agreed amount for a particular time period. Unlike fixed deposit where a lumpsum amount is deposited […]
Things to Know before Investing in Fixed Deposits
Few tips for investing in Fixed Deposits Fixed Deposits are considered one of the safest and most trusted investment options in India which get tax benefits as well as steady returns. Fixed Deposits are either kept with Banks or Company but FD kept with Companies is not eligible for a tax deduction, only FD kept […]
Online FD Receipt Initiative from Bank of Baroda
In its transformation journey, the endeavor of Bank of Baroda is to digitize processes with a view to delivering ease of Banking to its customers. In this direction, Bank of Baroda has introduced the facility of Online FD Receipt/Advice in lieu of FD Receipt. Features of FD Advice: The Online FD Advice is a computer […]