Category: Investment Management

BOB MONSOON DHAMAKA | Deposit Scheme

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BOB MONSOON DHAMAKA Deposit Scheme

Bank of Baroda (BOB) introduced the BOB MONSOON DHAMAKA Deposit Scheme in 2 tenures on 15th July’24. There are 2 Deposit schemes introduced for a tenure of 333 days and of 399 days. Basic details of the BOB Monsoon Dhamaka Scheme : Class Tenure Interest Int. (Sr. Ctzn.) Deposit Amt. Callable Deposit 333 days  @ 7.15%  @ 7.65% Less than ₹ 1 Cr. 399 days  @ 7.25%  @ 7.75% Less than ₹ 1 Cr. Non-Callable Deposit 399 days  @ 7.40%  @ 7.90% From ₹ 1 Cr. to ₹ 3 Cr.…

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AMRIT VRISHTI | SBI Fixed Deposit scheme

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SBI Amrit Vrishti FD Scheme

State Bank of India (SBI) India’s largest Public Sector Bank again launched an attractive scheme called the “AMRIT VRISHTI Fixed Deposit scheme” on 15th July 2024. This is in continuation of the existing Fixed Deposit Scheme, “Amrit Kalash”. This scheme is launched along with the existing Amrit Kalash Fixed Deposit scheme in the same category. About the Amrit Vrishti Fixed Deposit Scheme : This is a Term Deposit scheme re-started on 15th July’24 with a higher interest rate than on other deposits. It targets customers who can lock their investments…

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Deposit Interest Calculator

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Deposit Interest Calculator

Calculation of Interest on Fixed deposit is made easy with this Free Deposit Interest Calculator. You can use this for calculating the interest on multiple deposits for self-use. For making an Interest Accruals as on 31st March every year also, this calculator can be used. The file contains an example of sample calculations. The base of Deposit Interest Calculator : Normally in Banks, FD Interest / Interest on Fixed Deposit gets compounded on a quarterly basis (June, September, December, and March). The example is also given on the same principle.…

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Recurring Deposit | Cumulative Deposit

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recurring deposit

Every person always wants to invest & grow money or create wealth. Recurring Deposit is one of the instruments for money growth. In the initial days of earnings, there will be a limited income. And one must have the habit of saving at that early age which lasts longer. Recurring Deposit : Recurring Deposit (RD) / Cumulative deposit is a small tool / scheme / an investment idea to start with. This is provided by Banks & Post offices. Interest earning is at an attractive rate & it will be…

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