Financial planning for everyone

Interest rates of following banks have changed in the last couple of weeks.

IRDA has withdrawn licences of 4261 corporate agents out of 7000 for selling insurance policies. Before buying Insurance policies, make sure the agent is legally authorized to sell the policy. The reason for this is corporate agencies were supposed to renew before March 31st 2010. But they have not renewed till now. You will be surprised to know that many well known corporate agencies are in the list. Please check the banned list of agents as of June 8th 2010.

Banned list of corporate agents taken from IRDA.

For cross checking from IRDA site news published on June 8th 2010, visit http://www.irdaindia.org

Our Honourable Finance Minister has announced a co-contribution of Rs. 1000 per annum for 3 years for people who open an NPS ( National Pension System ) a/c on or after April 1, 2010 and invest up to Rs. 12000 per year in the system.

How Way2Goals helps you?

Way2Goals helps you by providing centralized information about bank FDs and builtin filters to help you choose the Best Fixed Deposits to match your needs, saving you time, and giving you opportunity to earn better returns on your investments (Bank Fixed Deposits or FDs) without increasing the risk. We have covered over 54 banks’ (public, private and foreign banks) interest rates. The banks’ data is updated twice a week providing you the latest fd rates of interest(FD interest rates) . All the banks covered on our site are insured with Deposit Insurance and Credit Guarantee Corporation (DICGC), which is a wholly owned subsidiary of Reserve bank of India ensuring that your investments upto Rs. 1 lakh are 100% safe in these Banks. We believe that by reaching the common people and educating them is the safest way to preserve wealth. Our constant endeavour will be to empower you with information so that the value of your money is preserved.

We provide base rate information so that you can reduce your cost of borrowing (Bank Loans, cheapest loans, cheapest credit ). We have covered over 20 banks’ (public, private and foreign banks) base rates. The banks’ data is updated every quarter providing you the latest base rates. Our constant endeavour will be to empower you with information so that you can reduce the cost of your loan and choose the best bank to bank with to reduce your cost of operation or reduce the total cost of the loan.

Bank-wise interest rates and details about a particular bank.

You can find FD Bank Rates of a particular bank along with details about bank website, branch locator, contact phone nos., form downloading, bank fixed deposit interest rates’ page for cross verification and the bank rates effective from which date. All this information on one page!!!

Find the best fixed deposit rates in India?

The Best Fixed Deposits rates are provided in descending order. You can get customized report by choosing your tax bracket, period of time you want to invest your money and amount you want to invest . It also shows the maturity value, interest earned, post tax returns, and gain after calculating for inflation. Inflation is a silent killer. It eats your wealth without your knowledge. You can find all this information with ease on a single page. Time is money. This saves you time without going back and forth through each bank site which is very tedious and time consuming.

Predefined reports

To make it easy for the users we have predefined reports. Suppose you want to invest Rs.1 lakh for certain time horizon, all you have to do is select the time horizon below and you will know how much will be the maturity value. You can find examples of how you can take advantage of the information for your benefit for different time horizons if you are under age of 60 years (General Public)

(Investment of Rs 1 Lac for 6 months General public).

(Investment of Rs 1 Lac for 1 year General Public).

(Investment of Rs 1 Lac for 2 years General Public).

(Investment of Rs 1 Lac for 3 years General Public).

(Investment of Rs 1 Lac for 4 years General Public).

(Investment of Rs 1 Lac for 5 years General Public).

(Investment of Rs 1 Lac for 8 years General Public).

(Investment of Rs 1 Lac for 10 years General Public).

Above age of 60 years (Senior Citizens). Most banks offer higher rate of interest for senior citizens. So the maturity values are higher for senior citizens.

(Investment of Rs 1 Lac for 6 months Senior Citizens).,

(Investment of Rs 1 Lac for 1 year Senior Citizens).

(Investment of Rs 1 Lac for 2 years Senior Citizens).

(Investment of Rs 1 Lac for 3 years Senior Citizens).

(Investment of Rs 1 Lac for 4 years Senior Citizens).

(Investment of Rs 1 Lac for 5 years Senior Citizens).

(Investment of Rs 1 Lac for 8 years Senior Citizens).

(Investment of Rs 1 Lac for 10 years Senior Citizens).

Financial know-how

What if a particular bank goes bankrupt? How do you protect your money in banks? Do you want to educate your children about money? We are hovered by so many questions like these constantly. To learn more about how to protect your money, current Income tax rates and useful finance related links visit our Financial Education section.

If you wish to take charge of your finances and ready to invest time to manage your hard earned money, then Way2Goals is for you.

Remember the old adage “Health is wealth” , now consider this wealth is health. Way2Goals helps you create your financial security and wealth creation by following these simple rules.

Spend less than you earn.

Be prepared for emergencies.

Pay yourself first.

Make your money work for you.

Invest early, regularly and for the long term. (With a horizon of at least 10 years)‏

Keep an eye on your post tax / post inflation returns.

Way2Goals is for you if any of the following is true.

You want to make your financial life safe and secure.

You want to know which bank is giving the best interest rate.

You always wanted to find out more about secure finance but did not know where to go.

You wish to create investible surplus.

You already have investible surplus and don't know where to invest.

You have been sold a financial product which does not suit you.

You wish to do analysis before investing.

You want to know more about inflation and its impact.

You wish to know your post tax returns.

Way2Goals Software India Pvt. Ltd. A2 404 Shri Ram White House, 6th Main,15th Cross, R.T.Nagar Bangalore, Karnataka 560032 contact@way2goal.com We are eager to hear from you, please sign Guestbook here.

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