No deposit, no rental fee, only an fixed deposit

The surging interest rates on bank deposits have opened up a new scheme for the real estate sector. Departing from the common rent and deposit permutations, landlords in some areas of the city are now demanding only a fixed deposit from the renter as payout for the duration of the lease. The concept came into […]

Deutsche Bank Reports on Credit Cards

Deutsche Bank commented on credit card companies in a report released today. In the report, Deutsche Bank was positive on Visa and MasterCard and mixed in its assessment of Global Payments. Deutsche Bank writes, “First on acceptance, many of these regions may resemble the US payments market 25 years ago, and while better technologies could […]

Barclays Continues to Grow its Money Management Business

Barclays Bank has been very particular about which of its businesses it wants to continue to invest in since the economic downturn. And its recent actions clearly highlight its focus on core retail and commercial banking operations as well as its credit card business – both of which have been intensified in emerging economies like […]

Debt funds are extra tax-efficient

It is a security vis-a-vis returns battle between bank fixed deposit and debt funds. In the past few months, banks have been consistently increasing their rates of interest on special fixed deposit. And after the Reserve Bank of India’s Annual Monetary Policy, even the saving deposit rates are up at 4 %. For a six-month […]

Give money instance to grow

Many banks have been raising the rate on short-term deposits since the RBI’s decision to raise key short-term rates in its annual credit policy on May 3. Short-term bank fixed deposit rates have gone up sharply in the past couple of weeks, with banks offering better rates on deposits up to six months, as they […]