The State Bank of India (SBI), recently announced a welcome change for its customers: an increase in fixed deposit (FD) interest rates! This is good news for anyone looking for a safe and secure way to grow their money. Let's delve into the details and see if an SBI FD might be the right fit for you. What Changed? Effective May 15, 2024, SBI increased interest rates for … [Read more...] about State Bank of India Hikes Fixed Deposit Interest Rates
Bank FD vs SCSS (Senior Citizen Savings Scheme) – Which Offers The Highest Interest Rate?
When we think about investing in our retirement, we face a multitude of questions. Which scheme is better? Which will give us better interest rates? Are we liable for any income tax benefits? Most of all, our goal is that our savings build on themselves, rather than just remain a lump sum amount. Today, we shall learn about one such revolutionary savings deposit scheme known as … [Read more...] about Bank FD vs SCSS (Senior Citizen Savings Scheme) – Which Offers The Highest Interest Rate?
How to Choose the Right Mutual Fund? The Essentials!
Mutual funds offer a powerful tool to grow your wealth and achieve your financial aspirations. However, with a vast array of options available, selecting the right mutual fund can feel overwhelming. This blog post will help you to make informed decisions on mutual funds and select investments perfectly aligned with your dreams. Understanding Mutual Funds: A Collaborative … [Read more...] about How to Choose the Right Mutual Fund? The Essentials!
Understanding the Basics: What is Personal Finance?
Imagine this: you've just landed your dream job, and the congratulations haven't even stopped! But amidst the excitement, a tiny voice whispers, "How will I manage all this money?". If this sounds familiar, welcome to the wonderful world of personal finance! What is Personal Finance? Think of personal finance as the fitness plan for your money. It's about taking control, … [Read more...] about Understanding the Basics: What is Personal Finance?
The Comprehensive Guide to Add-on [Credit And Debit] Cards
![The Comprehensive Guide to Add-on [Credit And Debit] Cards](https://www.bankingminutes.com/wp-content/uploads/2024/04/CC-and-DC-1-150x150.png)
In the context of credit and debit cards, add-on cards have become an increasingly popular tool for managing expenses and enhancing financial flexibility. Whether you're looking for an additional debit card linked to your primary account or seeking to extend credit privileges to a family member or trusted individual, add-on cards offer a range of benefits and features worth … [Read more...] about The Comprehensive Guide to Add-on [Credit And Debit] Cards