Banks lure NRIs with high-return FCNR(B) deposits, warn of leverage risksBanks are attracting NRI dollar deposits through RBI's FCNR(B) window. These deposits offer projected returns of thirteen to sixteen percen...
22 Jul, 2026, 12.26 AM IST
How Roth IRA helps you leave tax-free money to your familyRoth IRA is a smart way to pass money to family with less tax. It allows tax-free growth and easy transfer to heirs. There are simple rules...
07 May, 2026, 12.26 AM IST
Fidelity, AARP warn Americans on 401(k)s: Are hidden risks, early withdrawal penalties, and retirement savings gaps hurting your future wealth?Fidelity, AARP warn Americans on 401(k)s as new data highlights serious retirement savings risks. The average Social Security benefit is on...
14 Apr, 2026, 02.32 AM IST
Take your 2026 RMD now or later? The tax pros and cons retirees need to knowA 25% IRS penalty applies if you miss your Required Minimum Distribution 2026 deadline. That is a costly mistake. RMD rules require withdra...
28 Feb, 2026, 09.00 PM IST
These 4 overlooked 401(k) rules could save you thousands on taxes and feesA 401(k) is a key retirement savings plan for many workers. Some rules are often missed but can help save money. These rules can reduce tax...
20 Jan, 2026, 09.51 PM IST
Alarming trend: Record number of Americans tap 401(k)s to stay afloat - here’s what’s driving it401(k) early withdrawal trend 2025: More Americans are withdrawing from their 401(k)s due to mounting financial pressures, with hardship wi...
24 Oct, 2025, 06.53 AM IST
CDs explained: Safe investment or risky business? Here’s what you must knowCertificates of Deposit offer safe savings but are not entirely risk-free. Early withdrawals incur penalties that can reduce earnings. Bank...
11 Oct, 2025, 01.36 AM IST
Thinking of using your 401(k) to buy a house? Here’s what you need to know firstUsing your 401(k) to buy a house can provide quick access to funds. It allows loans or withdrawals, but penalties, taxes, and reduced retir...
09 Oct, 2025, 11.27 PM IST
Going for premature withdrawal of fixed deposit? Know which type of bank FD minimises loss on interest and penaltyCalculate penalty on premature withdrawal of FD: There are two methods by which banks calculate the penalty on premature withdrawal of FD. ...
03 Jun, 2025, 01.04 PM IST
RBI’s rate cut triggers concern for FD investors: Penalty charges for account holders looking to rebook FDs for higher interest incomeDifferent banks impose different penalty charges, and it typically involves a reduction in interest rate. The penalty can range from 0.5% t...
17 Feb, 2025, 03.59 PM IST
Latest FD premature withdrawal charges 2024: SBI vs HDFC Bank vs ICICI Bank vs PNB vs YES Bank vs Bank of IndiaFD premature withdrawal charges of top banks: Banks allow customers to make premature withdrawal of fixed deposits (FD), but usually with a...
20 Nov, 2024, 05.25 PM IST
- What are the premature withdrawal charges?23 Feb, 2023, 11.29 AM IST
FD interest rate up to 7.25%: 5 banks offering best 1-year fixed deposit interest rateBanks interest rate depends on various parameters such as the Reserve Bank of India repo rates, amount, age, tenure, etc,. So, here are top...
06 Feb, 2023, 01.51 PM IST
FD premature withdrawal charges: SBI vs HDFC Bank vs ICICI Bank vs PNB vs Yes BankHere is a look at the premature FD withdrawal penalty charges of SBI, HDFC Bank, ICICI Bank, PNB, Canara Bank and Yes Bank. (Information as...
02 Jan, 2023, 11.57 AM IST
FD premature withdrawal penalty charge: SBI vs HDFC Bank vs ICICI Bank vs PNB vs Yes BankFixed deposits (FDs) are secure investments since they have guaranteed returns and fixed interest rates. It is possible to prematurely with...
19 Jul, 2022, 04.37 PM IST
1-year bank FDs with interest rate above 5%Fixed deposit interest rates differ across banks, and they are subject to change depending on the key rates set by the RBI. The interest ra...
24 Jan, 2022, 09.33 AM IST
- Banks to impose penalty on premature closure of FDs
Next time you wish to cash in your fixed deposits, be ready to pay a penalty of as much as one per cent of the investment if money is withd...
30 Jan, 2011, 10.55 AM IST