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
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Get A Higher Interest Rate For Your Money In Savings Account – Sweep In Or A Savings Plus Account
Whenever we open a savings account, we might have heard of this feature called auto sweep-in. In different banks, this feature is called by different names - sweep-in account, plus account and so on. This feature can be quite useful. I explain the details about this feature in today's video. … [Read more...] about Get A Higher Interest Rate For Your Money In Savings Account – Sweep In Or A Savings Plus Account
Pros and Cons of FD: Is Fixed Deposit Good Or Bad? How It Compares With PPF, NPS? Should You Invest?
Fixed deposit (FD) is one of the most common and post popularly sought after investment option by majority of the population. FD is a handy option too when it comes to investing your money long term or short term (you choose this) for a slightly higher interest rate! At the same time, FD has a few shortcomings too, depending upon your requirements. In today's video I … [Read more...] about Pros and Cons of FD: Is Fixed Deposit Good Or Bad? How It Compares With PPF, NPS? Should You Invest?