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LetsDiscuss: Earn Rewards Points with SBI Internet Banking Loyalty Rewards Program

Take advantage of the Loyalty Rewards Program introduced by SBI for Internet Banking customers. This scheme is effective from November 26, 2009. This scheme rewards existing as well as new retail internet banking customers of SBI by giving them reward points for transacting online. The rewards points can then be redeemed for cash.
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News: L & T Finance NCDs offers attractive five years investment option

L&T Finance Limited (”the Company”), promoted by engineering and construction giant Larsen & Toubro Limited and L&T Capital Holdings Limited and providing a range of financial services, will open on August 18, 2009, its first-ever public offer of 50,00,000 Secured Redeemable Non-Convertible Debentures (”NCDs”) of the face-value of Rs. 1,000 each. The NCD Issue aggregates to Rs. 500 crore, with an option to retain over-subscription up to Rs. 500 crore for issuance of additional NCDs, aggregating upto a total of Rs. 1,000 crore. The NCD Issue with various investment options and yield on Redemption of upto 10.50% (per annum) opens on August 18, 2009, and closes on September 4, 2009.
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Business: Bank of India extends special home loan scheme to December 31

Bank of India has announced an extension of its special home loan scheme known as Star Home Loan Scheme upto December 31, 2009. The Star Home Loan Scheme is applicable only to new home loans and does not apply to takeover of home loans from other banks.
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LetsDiscuss: Reduce your taxable income using 80(c) deductions

As a taxpayer, you are always exploring options to reduce your taxable income so that you can reduce your tax liability. Section 80C of the Indian Income Tax Act provides several avenues for deductions from your taxable income. Financial planning can help you take maximum advantage of these deductions. As per section 80C, you are entitled to deductions for the whole of amounts paid or deposited in the current financial year in the following schemes, subject to a limit of Rs.1,00,000 per year.
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Business: Book fixed deposits at Bank of India: Rates going down from April 15

Bank of India, a public sector bank in India, has announced reductions in fixed deposit rates effective from April 15, 2009. Customers still have time to book their fixed deposits at the existing higher interest rates until that date.
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LetsDiscuss: SBI cuts its Fixed Deposit Interest Rates from April 13, other banks expected to follow

State Bank of India (SBI), India’s largest public sector bank, has cut its fixed deposit rates effective from April 13, 2009. The rate cuts range from 0.25% to 0.50% on various deposit terms. With these cuts, the highest interest rate offered by SBI is for a term of 8 years to 10 years with the rate being 8.50%. You can get 8.25% for fixed deposit terms of 1000 days and 5 years and above to less than 8 years.
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LetsDiscuss: Considering Fixed Rate Home Loans? Read the fine print first

Most banks in India offer both floating rate home loans and fixed rate home loans. Floating rate means that the interest rate on the housing loan can ‘float’ or change based on certain criteria while fixed rate means that the interest rate will not change during the entire loan term. However, borrowers in India will be well advised to read the fine print of their home loan contract before signing up for a fixed rate home loan.
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LetsDiscuss: Excellent Travel Deal: Get 10% off on all hotel bookings with Mastercard

There is a excellent deal for travelers being offered by online travel booking site Cleartrip. You can get 10% off on all hotel bookings made between April 1 and April 20, 2009 using a Mastercard credit card for any date of stay.
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News: HSBC introduces Card Protection Plan for Credit Cards

HSBC has introduced a Card Protection Plan on HSBC Credit Cards. This is a 24 hour card protection service for use in the event of card loss, theft and related fraud.
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Business: City Union Bank offering highest fixed deposit interest rate in India

City Union Bank, a private sector bank in India, is offering the highest interest rate in India for fixed deposits as of March 24, 2009. It’s offering a interest rate of 10.25% for a fixed deposit period of 2-3 years for non-senior citizens.
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Business: Best 80c eligible Fixed Deposits

Are you looking for 80c investment avenues for next financial year? Bank term deposits have been designated as eligible for 80c deductions from assessment year 2007-2008 onwards. These fixed deposits have a minimum term of 5 years and you can invest a maximum of Rs 1 lakh per year under these schemes. Attractive interest rates are offered by banks for 80c fixed deposits. Tamilnad Mercantile Bank, a private sector bank, is offering the best interest rate currently of 9.75% for non-seniors. Karnataka Bank and Lakshmi Vilas Bank, both private sector banks, are offering the next highest interest rate of 9.50%.
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Business: Banks offering highest fixed deposit rates in India as of January 25, 2009

While banks have been reducing fixed deposit rates recently, there are still many banks offering attractive interest rates on fixed deposits. For non-senior citizens (people below the age of 60), Lakshmi Vilas Bank, a private sector bank, is offering the highest interest rate of 11.00% for fixed deposits. This interest rate is being offered for deposit periods of 1 to 2 years as well as 2 years to 3 years. Development Credit Bank, also a private sector bank, is offering the next best interest rate of 10.75% on fixed deposits for non-senior citizens. This rate is being offered for a period of 1 year. Among public sector banks, Canara Bank is offering the highest fixed deposit interest rate of 10.00% for non-senior citizens for terms of 1 year to 2 years as well as 2 years to 3 years.
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Business: Highest fixed deposit rates in India offered by City Union Bank

City Union Bank, a private sector bank in India, is now offering the highest interest rate for fixed deposits among all the banks in India for non-senior citizens. City Union Bank is offering the highest fixed deposit rate of 11.30% for non-senior citizens.
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LetsDiscuss: Flexi-Deposits in India: A hybrid of savings accounts and fixed deposits

Do you have money sitting idle in your savings accounts? Savings accounts current give investors only 3.5% per annum. Most banks in India offer a hybrid between savings and fixed deposit accounts that can help you boost the returns on your savings accounts. These hybrid accounts known by different names in different banks but commonly referred to as Flexi-Deposit schemes by many banks, help you enjoy the high returns of a fixed deposit on surplus money in your savings account. Some banks also offer the flexibility of breaking a part of your fixed deposits without affecting the interest on the rest.
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Business: Be careful with your credit cards - Pune tops India’s credit card fraud list

Credit card fraud is increasing in India and Pune is top among cities being impacted. This article tells you about different ways you can be cheated.
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