I did my annual re arranging the chairs on the Titanic deck this week . (I mean close/renew 1 year fd & start fresh 1 year senior citizen FD)
closed OBC & merged with PNB>FD no more.
closed corporation & union FD & merged as Union.(FD no more)
so far FD rates received this week (0.5% more as a senior)
SCSS 7.4% (but locked for 5 years ) only 1.5 lakhs can get credit 80c deduction . but can deposit cumulative total max 15 lakhs per PAN. every year i put fresh 1.5 lakh in Senior Citizen Saving Scheme and use for 80c deduction.(quarterly interest but subject to tax like normal FD interest.
SIB-----5.9%
Karnataka-----5.6% (for their great service)
Axis-------5.8%
Indusind-----6.5%
KVB-----------5.75
CUB---------5.75%
EQUITAS-----6.5%
DCB-----------6.3%
opened 2 NEW A/C this week
BANDHAN -----6.5%
RBL-------------6.5%
lot of public sector fd's have been closed)syndicate,BOB,Bank of India ,Central ,IDBI etc.
keeping big balance in s/b in Indusind (5.5%) for RTGS to zerodha anytime.(linked to 2 brokers)
Also checking out some what bigger SB balance in EquItasSMB at 7%.% they must be despearte! or accuquiring new a/cs.
But Our Aunty FM sitharaman ji has given a pinky sweat promise that 5 lakhs per bank will be refunded in the event of collapse.
so not worried.
Our bankrupt Lakshmivilas bank which has become LVB/DBS has dropped FD rate to 5.7% .but will renew,
TMB also coming for renewal at 6.2% possible. will renew.
No banking relations with ICICI, HDFC.SBI, YES etc
closed OBC & merged with PNB>FD no more.
closed corporation & union FD & merged as Union.(FD no more)
so far FD rates received this week (0.5% more as a senior)
SCSS 7.4% (but locked for 5 years ) only 1.5 lakhs can get credit 80c deduction . but can deposit cumulative total max 15 lakhs per PAN. every year i put fresh 1.5 lakh in Senior Citizen Saving Scheme and use for 80c deduction.(quarterly interest but subject to tax like normal FD interest.
SIB-----5.9%
Karnataka-----5.6% (for their great service)
Axis-------5.8%
Indusind-----6.5%
KVB-----------5.75
CUB---------5.75%
EQUITAS-----6.5%
DCB-----------6.3%
opened 2 NEW A/C this week
BANDHAN -----6.5%
RBL-------------6.5%
lot of public sector fd's have been closed)syndicate,BOB,Bank of India ,Central ,IDBI etc.
keeping big balance in s/b in Indusind (5.5%) for RTGS to zerodha anytime.(linked to 2 brokers)
Also checking out some what bigger SB balance in EquItasSMB at 7%.% they must be despearte! or accuquiring new a/cs.
But Our Aunty FM sitharaman ji has given a pinky sweat promise that 5 lakhs per bank will be refunded in the event of collapse.
so not worried.
Our bankrupt Lakshmivilas bank which has become LVB/DBS has dropped FD rate to 5.7% .but will renew,
TMB also coming for renewal at 6.2% possible. will renew.
No banking relations with ICICI, HDFC.SBI, YES etc
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