NEWS & ADVICE : SAVINGS ACCOUNTS
State saving scheme’s high interest is still a question
By Vaibhav Aggarwal
Dec 3, 2013
Print    Email    RSS   

The safe saving scheme which is supposed to provide high profits as per the promise of the state government with interest rates varying form 9.31% to 11.59% has raised eyebrows; even banks are having a tough time to offer their customers anything above an interest rate of 9.25% for a 5 year period.

The aim of the scheme is to target the states poor people, due to this; it would be a challenge to find investors for big investments. With investments which are of small size, executors will acquire more cost to visit remote regions to collect deposits. As per a money division official, the organization can bear to offer higher premium rates as expense of deposits is much more level.

As per analysts, the net profit of the West Bengal Infrastructure Development Finance Corporation, has gone up from Rs.12.36 crore during the year 2011-12 to Rs.1347 crore, for the year of 201-13


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Steps to file Income Tax return online
Personal Finance for the 21st century...
Carnival of Indian Personal Finance Blogs #1
Carnival of Indian Personal Finance Blogs #3
Credit profile and its effect on loan...


Sir my name is ronie fuentes i want to change my old...
How can i resset my mobile Number for online mobile...
How can i change my account mobile number
Account number
SBI ACCOUNT HOLDER DETAILS OF ACCOUNT NUMBER...
can i know my account balance?

NEWS THIS WEEK
HDFC bank adjudged as the Best private bank in India Feb 16, 2015
HDFC reported an increase of 20% in its net profit Feb 16, 2015
ICICI bank launched Flash remit facility Feb 13, 2015
BOM launched new savings deposit scheme for HNI customers Feb 12, 2015
BMB bank to have a total of 80 branches by the March end. Feb 10, 2015
News Archive