Money Saver India

Fixed Deposit

How to skip TDS on bank fixed deposits

How to skip TDS on bank fixed deposits

Banks have instructions to deduct tax at source on your fixed deposits, should they earn more than Rs10,000 in a financial year. Here's how you can avoid it altogether. [...]

October 20, 2015 Team MSI FINANCE, MSI NOW 0

Postal Time Deposits still unattractive despite rate increase

Postal Time Deposits still unattractive despite rate increase

Bank FDs offer higher rates than the hiked Postal Time Deposit rates. But NSC likely to lose favour after the rate change. [...]

March 12, 2014 Team MSI FINANCE, MSI NOW 0

Avoid tax-saver fixed deposits

Avoid tax-saver fixed deposits

So many of us make the mistake of picking the wrong schemes while making investments for a tax deduction under section 80C. Here’s why to avoid investing in tax-saver FDs. [...]

December 27, 2013 Team MSI FINANCE 0

Why FMPs are a bright idea right now

Why FMPs are a bright idea right now

As interest rates rise, FMPs become an attractive option, with better yields than fixed deposits, predictable results and more acceptable tax treatment. Closed-ended, so don’t wait. [...]

August 15, 2013 Team MSI FINANCE, MSI NOW 0

Secure your credit, lower your expenses

Secure your credit, lower your expenses

A secured card is an excellent option if you want to reduce your credit card expenses, rebuild your creditworthiness or if your credit card application has just been rejected. [...]

July 5, 2013 Team MSI FINANCE, MSI NOW 0

Easy exit: Best FDs with no withdrawal penalty

Easy exit: Best FDs with no withdrawal penalty

Three banks offering among the highest interest rates allow you to withdraw prematurely at no penalty, while others offer lower rates and levy a fine. Is your FD in the right place? [...]

May 28, 2013 Team MSI FINANCE, MSI NOW 1