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Why PM Vaya Vandana Yojana may not be best investment option for senior citizens
PM Vaya Vandana Yojana pension scheme is offered by Life Insurance Corporation and comes with a lock-in period of 10 years. It gives you an assured annual return of 7.66 per cent per annum
BT Insights: Are Special FDs good for senior citizens?
ICICI Bank is offering an interest rate of 6.55% to senior citizens when compared to 5.75% it offers to general public. HDFC Bank is giving additional 0.75% to senior citizens and offering FDs at 6.5%
Why stock, bond markets shrugged off Moody's downgrade
Moody's has downgraded the country's credit rating to Baa3 from Baa, just above the junk grade, with a negative outlook. With this, its rating is now consistent with other ratings agencies such as Fitch and Standard and Poor's
ICICI Bank cuts lending rates by 5 bps across all tenors
The one-year MCLR, to which a majority of loans such as residential mortgages and auto loans are tied now stands at 7.70 per cent
Debt-free life, insurance and more: Five money habits that may change post-coronavirus
In the post-corona world, people may save more and cut back on spending due to economic recession and fear that a second wave of virus may erupt resulting in more lockdowns
BT Insight: Planning to buy your first home? Use extension to get subsidy under CLSS
As your combined family income goes up, the extent of the subsidy comes down. If the household annual income is less than Rs 6 lakh, the family falls under LIG category. If the income is between Rs 6 lakh to 12 lakh the family belongs to MIG 1 category
Last chance to invest in 7.75% taxable govt bonds today; govt to close scheme
The savings bonds will no longer be sold from the close of banking business on Thursday
Despite rate cuts, your EMIs may still not fall as much
Banks have in-built mechanism to include the cost of default in the interest rate that it charges from the borrowers as way of credit risk premium, which can be increased or decreased by the bank
PPE kits not covered under insurance, yet cost 50% of COVID-19 treatment
Jayan Mathews, Co-founder and Chief Product Officer at healthcare financing platform Vital, expects the stakeholders to reach an agreement soon
RBI moratorium on EMIs: How much extra do you have to pay for credit card dues?
The loan moratorium has now been extended till August 31 for 6 months owing to continuing disruptions on account of coronavirus crisis