How to get more out of Fixed deposits
Tags :
FD's, fixed deposit, Fixed deposit rates,Indian bank FD's, Indian bank fixed deposit, savings, banking, bank savings,
Industry :
Banking
Functional Area : India, Personal Finance |
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About "How to get more out of Fixed deposits" topic:
Though there are many investment options for people, but still many prefer the age old Fixed deposits in their banks and the best part of FD schemes are that they are one of the safe investment avenues and there is very little chance of losing you money as banks are closely regulated and monitored by the Reserve Bank of India. In the current turbulent times, investors are increasingly banking on such age-old investment tools. So, lets discuss every thing about Fixed deposits.
2 debates
, 1 idea contests
on topic: "How to get more out of Fixed deposits"
Prev1NextShowing 1 - 3 of 3
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(rate this)
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1
Split your FD investments
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Re-investing the interest earned
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GAURAV AGRAWAL
| Added idea
"go for autoinvest account and invest a certain amount insystematic investment plan of a good mutual fund scheme "
| 1 year ago
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Open an autoinvest account with the bank so that any amount more than 10000 will automatically converted into term deposit. There is never a liquidity crunch as you can always withdraw amount from your autoinvest account online and term deposit...
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ATMA RAM CHAVALI
| Added idea
"Plan well "
| 2 years ago
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Plan well on about your fixed deposit investments. Split the term deposits into small amounts and deposit them shorter periods to longer periods basing on the different obligations/requirements. Re-investment plan with 3 to 5 years term is the...
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Ideate: "How to get the most out of fixed deposits?" deleted from your view.
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(rate this)
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Yes
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4
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2
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No
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Vivek Bimbrahw
| Argues in support of
"No"
| 2 years ago
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Why do we look for subsidy in everything ? If you want higher returns, opt for riskier instruments giving higher returns. Take some exposure to equity.There are certain structured products which offer decent protection against normal downsides.
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Raghu Kastury
| Argues in support of
"Yes"
| 2 years ago
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Yes it is a pain to the people who opted for VRS on the encouragement of the public sector. Government should categorise and apply these rates in the similar fashion like the other sections of the society are taken care of by the government.
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Prashanth Kantheti
| Argues in support of
"Yes"
| 2 years ago
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The interest rates are reduced from 8.5% to 6.5% on fixed deposits. This is causing lot of agony to the retired people public.
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Debate: "It's highly regretable thing to note that the interest rates on fixed deposits are drastically reduced by the banks" deleted from your view.
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(rate this)
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Yes
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2
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6
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No
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SHARATH CHANDAR REDDY
| Argues in support of
"No"
| 2 years ago
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For an investor who is ready to invest in Bank FD, these changes in deposit rates, that too, when the trust levels in the financial services market still remains at lower level, may not matter much. So, I don't feel there will be any impact.
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kawaljit kaur
| Argues in support of
"Yes"
| 2 years ago
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these days customers are spoilt for choice ,every bank is offering competitive rates so as to gain substaintial market share ,but other psu's would be the very next choice if they were to be following sbi's suit then ,it will give private banks...
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Debate: "Will the move to cut deposit rates by SBI impact deposit mobilisation drive of the middle class people of India???" deleted from your view.
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Recovery of its due has been a hectic exercise for the Banks in the absence of a special legislation. ‘Non-performing Assets’ were growing and a need was felt to reduce the ‘Non-performing Assets’ of the Banks drastically. As the recovery through Courts was a difficult exercise for the Banks, initially, a special legislation called ‘The Recovery of Debts due to Banks and Financial Institutions Act, 1993’ was enacted creating a Special Tribunal called ‘Debt Recovery Tribunal’. Under the Act, the Banks are entitled to approach the Tribunal by filing an ‘Original Application’ which is similar to filing a suit in Civil Court proceedings. However, unlike the ‘Civil Court’ which is supposed to follow the ‘Civil Procedure Code’, a special and simple procedure has been prescribed under ‘The Recovery of Debts due to Banks and Financial Institutions Act, 1993’. At the end of adjudication, the Tribunal is supposed to grant a certificate called ‘Recovery Certificate’ infavour of the Bank...
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