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Tag Archives: Interest

Fixed Deposit Interest Rates Offered By Small Finance Banks

Small finance banks often pay higher interest rates on deposits compared to commercial banks. Fixed deposit (FDs), also known as term deposits, are secure financial instruments offered by private and public sector banks, small finance banks (SFBs), non-banking financial companies (NBFCs) and post offices. Small finance banks pay higher interest rates on fixed deposits compared to commercial banks. Small finance banks focus on financial ... Read More »

Budget 2019: Finance Minister raises TDS threshold on bank fixed deposit interest to Rs 40000

Interim Finance Minister Piyush Goyal has given a big relief to lakhs of bank fixed deposit investors. Union Budget 2019 has proposed that the threshold for TDS on interest earned on bank fixed deposit to be raised to Rs 40000 as compared to Rs 10000 earlier. The earlier limit was set almost couple of decades ago and needed to be revised taking ... Read More »

Who can claim tax benefit on interest paid on education loan?

The advantage of an education loan is that if the parent doesn’t have money, the loan can be repaid after the child completes the course and gets a job. Photo: iStockphoto Education costs are spiralling. The fee for a masters or diploma in management from premier institutes can be about ₹ 25 lakh, while many private medical institutes charge about ... Read More »

New Interest Rate Hike Means More Small Business Loan Approvals, Biz2Credit Reports

According to Biz2Credit’s November Small Business Lending Index, loan approval rates continue to rise. The index is a monthly analysis of a thousand loan applications on Biz2Credit’s platform for the month. Small business loan approval rates at institutional lenders continue their gradual ascent. They reached 62.4 percent in November, up from 62.2 percent in October. Big banks ($10 billion+ in ... Read More »