Bank Unclaimed Deposits See 26% Spike: Here’s How To Find Your Forgotten Money
Unclaimed deposits in RBI’s DEA fund have increased by 26 per cent to Rs 78,212.53 crore in FY2023-24over the previous fiscal year.
deposits
Axis Bank Revises FD Rates: Seniors Can Get 7.85% On Deposits Less Than 2 Years
Axis Bank has revised its fixed deposit rates effective July 26, 2023. The maximum rate of interest offered to senior citizens is 7.85 per cent
Best Products Where Seniors Can Reinvest Their Retirement Corpus
Most retirees believe that a safe retirement portfolio should comprise 100 per cent of fixed income instruments. The reason being that fixed income vehicles can generate post-retirement income.
Should You Continue With Your Existing SCSS Or Withdraw And Reinvest At A Higher Rate?
The rate of interest on the Senior Citizen Saving Scheme has been increased to 8.2 per cent effective April 1, 2023. Also, the limit for maximum investment has been enhanced to Rs 30 lakh from this financial year. So, should you continue with your existing investment or withdraw and reinvest?
Top 10 Banks Offering Highest Interest Rates On FDs To Senior Citizens. Check Details Here
Fixed deposits are highly sought after by senior citizens as they offer the chance to receive regular cash flow with minimal risks involved.
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