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With stock indices close to their all-time highs, there is bullishness all around. Individuals tend to make their worst investing mistakes in such bullish times. Here are a few common investing mistakes that investors should avoid at this stage.
Interest rate of post office time deposits (POTD) which matures in five years, has touched 7.5 per cent for the July-September quarter of 2023. The post office time deposit is similar to bank fixed deposits. Backed by the government, the money in the post office term deposits is completely protected, with guaranteed returns. When compared to five-year tax saving fixed deposits (FDs) of major public and private sector banks, 5-year post office time deposits offers a higher interest rate. Should you invest in 5-year POTD or 5-year bank fixed deposits? Let's find out
At present, RBI Floating Rate Savings Bond (FRSB) 2020 (Taxable) offers an interest rate of 8.05 per cent. Is it time to hop on the high-interest bus to get some good returns from RBI Floating Rate Savings Bond (FRSB) 2020 (Taxable)? Let's understand how it works and who should invest in these bonds.
Analysis by peer-to-peer lending platform LenDenClub shows that 59 percent of lenders and a whopping 87 percent of borrowers are under 40 years of age.
Bajaj Allianz Life Insurance has now come up with a term insurance plan specially designed for people who have diabetes. Named as as Bajaj Allianz Life Diabetic Term Plan Sub 8 HbA1c, it is a pure term life insurance cover. The minimum policy term will be for five years. The minimum sum assured will be Rs 25 lakh. The minimum entry age will be 30 years and the entry age goes up to 60 years for this plan. Should you buy it?