fixed deposit

Currently Smallcase shows 5 options for making FDs: 1. North East Small Finance Bank 2. Suryoday Small Finance Bank 3. Utkarsh Small Finance Bank 4. Shivalik Small Finance Bank 5. South Indian Bank Smallcase says that the deposit in each bank is insured upto Rs. 5 lakhs by DICGC. Is it safe to...

Hi members, On 4 December 2022 I booked an FD with SBM to get FD backed Paisabazar Rupay credit card. One year later, on January 2024 I received SMS that credit card has been closed due to non-usage. There was no prior intimation in non-compliance to RBI, escalated, got to RBI BO, got...

I had ~10L in FD in SBI, recently got enrolled into the wealth Program thanks to family TRV value owing mostly because of my dad's investments. So, even if I take these 10L out (Rainy day funds) I won't be kicked out of the wealth Program in SBI. As I'm not getting any additional benefits in...

I currently hold a HDFC Classic account and have a Fixed Deposit relationship of ₹5 lakhs. Additionally, I am using a Moneyback+ credit card. I would like to know the possibility of upgrading to a Millenia Credit Card with a Lifetime Free (LTF) credit card. Please provide information on the...

Withdraw you money from Mutual Funds use Systematic Withdrawal Plan (SWP_. It is opposite to SIP.

Invest Liquid Mutual Fund in order to get more return and safety compare to Banks Savings account and FD.

Hi, sorry for the newbie question. I am maintaining FD of 1 lakh each at five different banks. Is the TDS on FD interest income(40000/year) calculated per each bank or across all bank FD combined? In case of interest above TDS threshold, at which bank should I submit the form 15 G for non...

Dear members, Background: In Dec '22 I got Paisabazar FD Step Up Rupay CC by SBM bank. 1 yr later in Dec '23 received an SMS that it has been closed due to non-usage. Looked up the RBI rule on it and learnt bank must inform customer 30 days prior and give opportunity to respond before...

Please comment/review if anybody has FD with Utkarsh SFB or DCB. Offline possible without savings bank account ? (I dont provide Aadhaar to any bank.)

I'm trying to decide between Fixed Deposits (FDs) and Recurring Deposits (RDs) for the best returns. I can invest either a lump sum or monthly. Which option offers the highest returns?

Opened their brand of FD 'Pot' 1 year ago for 10k with their highest lock-in 'superpots' with highest interest i.e., 365 days for 6.8%. I did this to maintain their 10k TRV requirement to remain 'Pro'. Straight forward calculation upon maturity interest should be Rs. 680. It matured and I...

I have a friend who is working in a bank and he frequently asks me to put some FDs (with his employee code) and close it in 2-3 days for him to achieve his targets. The amount is usually like 10k per FD 2-3 times a month. So month on month I am opening FDs worth 30k in different tranches and...

Recently, some of the banks have increased the interest rates on FDs. I wanted to book an FD in IDFC First bank, but it hasn't revised the rates yet. What do you think? Will IDFC First bank increase the rates soon?

Ok, so I have been Googling quite a bit, and everyone says "If you need money that's not in savings account but in FD, the FD gets broken and deposited into savings" .. ok fine, but when does the reverse happen? Let's start with my ICICI account. I use it for all UPI transactions etc. It has...

Hi, Recently my FD matured in Bandhan Bank but the Bank is not paying me interest. They closed my FD & paid me back the principal amount but interest has been pending from their side for the last few days. Today I raised a complaint against it. My question is here if I raise a complain the...

The Kotak Activmoney features without premature withdrawal penalty seem really good but there is a catch here. It says to give 7% interest but the final interest is calculated based on number of days the FD was kept. For example if you keep the FD for 180 days you will get 7% interest but if...