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Rajiv, a ICICI Bank customer, received a call from the bank executive informing him about ‘Advantage Deposit’ – a new product with dual benefits of a fixed deposit and a mutual fund. Now, Rajiv’s curiosity is roused as he has invested consistently into various fixed deposit schemes. But he is not gung ho about its [...]

One after the other, Indian companies are introducing their deposit schemes in the market. Now it’s the turn of Tata Motors, India’s largest automaker, which came out with its deposit schemes on August 25. It is seen that though company deposits offer better returns, normally 1-2 per cent higher, than bank deposits, they do not [...]

Many employees who contribute an amount to the Employees’ Provident Fund (EPF) will now be impacted on account of a change that will come into effect on April 1, 2009. The change will be visible for the management of privately-managed trusts and will impact the manner in which return for investors is generated by them. [...]