#Fixed Deposit

[monikaji1988]

Diversify Your Portfolio with Fixed Deposits & Mutual Funds

Want to achieve your financial goals faster? Invest in Fixed Deposit and mutual funds and watch your money work harder for you. Invest today and enjoy financial security tomorrow!

[indianfasttrack]

कांदीवली की महिला से 14 लाख रुपये ऑनलाइन भुगतान

Digital Arrest Scam: मुंबई के कांदीवली से एक महिला को जालसाजों ने किया डिजिटल अरेस्ट, महिला को डरा धमका कर मजबूरन 14 लाख रुपये का करवाया ऑनलाइन भुगतान। (Digital Arrest: Online payment of Rs 14 lakh from Kandivali woman) इस्माईल शेखमुंबई– कांदीवली पश्चिम के एक महिला को डिजिटल अरेस्ट करने का ताजा मामला सामने आया है। बता दें कि 1 सितंबर को एक व्यक्ति का फोन आया जिसने खुद को दिल्ली दूरसंचार विभाग का…

[test-user-2024]

Earn Using Groww App

Earning with the Groww app typically involves investing in various financial products. Here are some ways you can use the app to grow your wealth:

1. Mutual Funds: There are different types of mutual funds where you can make investments using the Groww application. Such investments in mutual funds are primarily based on your risk-taking ability and financial objectives. The application in context allows users to make SIP (Systematic Investment Plan) investments as well as lump-sum investments.

2. Stocks: Groww allows you to invest in stocks. Research and choose companies you believe will perform well. As a Groww application user, you can buy shares directly through the app.

3. Fixed Deposits: The app provides options for fixed deposits, where you can earn interest over a set period.

4. Digital Gold: Invest in gold digitally through the app. This is a convenient way to diversify your investment portfolio.

5. NPS (National Pension System): If you want to make long-term retirement savings, you can invest in NPS via the Groww app.

6. Learning Resources: Groww also offers educational content to help you better understand investing, which can improve your decision-making.

If you want to invest in the Groww app, it is advisable that you do proper research and simultaneously consider your financial objectives.

Create your free demat account by using this link here:  https://app.groww.in/v3cO/in94qmp0

[financialeducationsip]

FD vs Life Insurance: Which is the Right Financial Choice for You?

When it comes to planning your financial future, Fixed Deposits (FDs) and Life Insurance are two of the most popular options available. However, they serve very different purposes. While Fixed Deposits are purely a savings tool, Life Insurance offers both protection and investment benefits. Understanding the differences between these two options can help you make an informed decision based on your financial goals and risk tolerance.

In this blog, we will compare Fixed Deposits (FD) and Life Insurance to help you determine which is the right choice for your needs.

What is a Fixed Deposit (FD)?

A Fixed Deposit is a savings instrument offered by banks and financial institutions, allowing individuals to deposit a lump sum of money for a specified period. During this time, the deposited amount earns a guaranteed interest rate, making FDs one of the safest investment options. At the end of the term, the principal amount along with the accumulated interest is returned to the investor.

Key Features of Fixed Deposits (FDs)

Guaranteed ReturnsOne of the biggest advantages of FDs is the guaranteed return. The interest rate is fixed at the time of deposit, ensuring that you know exactly how much you will earn by the end of the term.

Low RiskFDs are considered a low-risk investment because they are not tied to market performance. Your principal amount is safe, and you are assured of earning a fixed return.

Flexible TenuresYou can choose the tenure of your FD according to your financial needs, ranging from a few months to several years. This flexibility makes it a popular choice for short-term or long-term savings.

Liquidity OptionsWhile Fixed Deposits typically require you to lock in your money for a specified period, some banks offer options for premature withdrawals. However, doing so usually comes with a penalty.

Tax BenefitsCertain types of FDs, like tax-saving FDs, offer tax benefits under Section 80C of the Income Tax Act. However, the interest earned on FDs is taxable.

What is Life Insurance?

Life Insurance is a financial product that provides protection to your family or dependents in case of your untimely death. Depending on the type of policy you choose, Life Insurance can also serve as an investment tool that offers returns over time. There are two main types of Life Insurance: term insurance and investment-linked insurance (such as ULIPs or whole life policies).

Key Features of Life Insurance

Financial ProtectionThe primary purpose of Life Insurance is to provide a financial safety net for your loved ones in case of your demise. It ensures that your family has enough money to cover expenses like daily living costs, education, or outstanding loans.

Investment and Savings OptionsSome types of Life Insurance policies, like Unit Linked Insurance Plans (ULIPs) or endowment policies, offer both protection and investment. These policies allocate a portion of the premium to life cover, while the rest is invested in funds that can potentially grow over time.

Tax BenefitsLife Insurance policies offer tax benefits under Section 80C and Section 10(10D) of the Income Tax Act. The premiums paid and the maturity proceeds are eligible for tax exemptions, making it a tax-efficient financial product.

Regular PremiumsUnlike FDs, which require a lump sum deposit, Life Insurance usually involves paying regular premiums, either monthly, quarterly, or annually, depending on the policy.

Long-term CommitmentLife Insurance policies, especially those with an investment component, typically have long tenures. To fully benefit from these policies, you need to stay invested for the entire term.

Choose Fixed Deposits if...You are looking for a low-risk, guaranteed return investment with flexible tenures. FDs are ideal for those who want to park surplus funds safely for a short to medium period and are not focused on protection or life cover.

Choose Life Insurance if...You are looking for financial protection for your family along with potential long-term investment returns. Life Insurance is ideal for those who want to secure their family's future in the event of an unforeseen incident while also having the option to grow their wealth.

Conclusion

Both Fixed Deposits and Life Insurance serve important roles in financial planning, but they cater to different needs. FDs are designed for low-risk savings and guaranteed returns, while Life Insurance is primarily about protection, with the potential for investment benefits depending on the type of policy. Your choice between the two should depend on your financial goals, risk tolerance, and investment horizon.

If your goal is wealth accumulation with minimal risk, FDs might be the right choice. However, if protecting your loved ones and building wealth over the long term is a priority, Life Insurance offers a more comprehensive solution.

[kredit4all]

Planning to open a Fixed Deposit (FD) account? Before you lock in your savings, make sure you're aware of the key things that can impact your returns and flexibility. From interest rates to tenure options, here are 9 must-know facts that will help you make the best decision.

[amanktreks]

FD vs Life Insurance: Understanding the Differences and Making the Right Choice

When it comes to financial planning, two commonly debated options are Fixed Deposits (FD) and Life Insurance. While both serve distinct purposes, investors often find themselves comparing these two due to their long-term financial benefits. However, they cater to very different financial goals. This blog dives deeper into the differences between FD and Life Insurance, helping you understand how to utilize each effectively.

What is a Fixed Deposit (FD)?

Fixed Deposits (FDs) are savings instruments offered by banks and financial institutions that provide guaranteed returns over a fixed period. The investor deposits a lump sum amount with the bank, which earns interest at a predetermined rate for the tenure chosen by the investor.

Features of FD:

Guaranteed Returns: One of the most attractive features of FDs is the assurance of returns. The interest rate is fixed at the time of investment and remains unaffected by market fluctuations.

Safety: FDs are considered one of the safest investment options, especially for risk-averse individuals. They offer capital protection along with steady returns.

Flexible Tenure: Investors can choose the tenure of their FD, ranging from a few months to several years, depending on their financial goals.

Liquidity: Though FDs are fixed for a tenure, they do offer premature withdrawal options, often with a penalty. This provides a certain level of liquidity to the investor.

Benefits of FD:

Low Risk: FDs are perfect for individuals who prefer low-risk investments with guaranteed returns.

Predictability: Since the interest rate is locked in, investors can predict their returns, making it easier to plan for financial goals.

Tax Benefits: FDs with a tenure of five years or more qualify for tax deductions under Section 80C of the Income Tax Act. However, the interest earned is taxable.

What is Life Insurance?

Life Insurance is primarily designed to provide financial protection to your dependents in case of your untimely demise. It is a contract between you and an insurance provider, where the insurer guarantees a sum of money to your beneficiaries upon your death, in exchange for regular premium payments.

Types of Life Insurance:

Term Insurance: This is the most basic form of life insurance. It offers death benefits to the beneficiaries if the policyholder passes away during the policy term. Term insurance is affordable and provides high coverage.

Endowment Policy: This type of life insurance combines insurance coverage with a savings component. It offers both death benefits and maturity benefits if the policyholder survives the policy term.

Unit-Linked Insurance Plans (ULIPs): ULIPs offer insurance along with investment opportunities. A part of your premium is used for insurance, while the remaining portion is invested in equity or debt funds.

Benefits of Life Insurance:

Financial Protection: The primary purpose of life insurance is to provide financial security to your family in case of your death. This can help cover daily expenses, pay off debts, and secure your family’s future.

Long-Term Savings: Life insurance plans like endowment policies and ULIPs provide savings along with protection, helping you build wealth over time.

Tax Benefits: Life insurance premiums are eligible for tax deductions under Section 80C, and the death benefit is typically tax-free under Section 10(10D) of the Income Tax Act.

FD vs Life Insurance: Key Differences

While both FDs and life insurance are important tools in financial planning, they cater to different needs.

Objective:

FD: The main objective of an FD is to earn safe, stable returns on your savings.

Life Insurance: The objective of life insurance is to provide financial protection to your dependents in the event of your death.

Risk Factor:

FD: FDs are virtually risk-free. Your principal is secure, and you know exactly what returns you’ll earn.

Life Insurance: Life insurance, especially term plans, carries no investment risk. However, policies like ULIPs involve market risk as part of the premium is invested in market-linked instruments.

Returns:

FD: The returns from an FD are fixed and predictable, typically ranging from 5-7% per annum. However, they are taxed as per your income slab.

Life Insurance: Term life insurance doesn’t offer returns unless the policyholder dies during the term. ULIPs and endowment policies provide returns, but they are generally lower than equity-based investments.

Liquidity:

FD: FDs provide some liquidity, as you can withdraw your money before the maturity period, though a penalty may apply.

Life Insurance: Life insurance policies, especially traditional ones, lack liquidity. Most policies have a lock-in period during which you cannot withdraw funds.

Taxation:

FD: The interest earned on FDs is taxable, making them less tax-efficient.

Life Insurance: Life insurance premiums qualify for tax deductions under Section 80C, and the death benefit is tax-free, making it a more tax-efficient option.

When to Choose FD:

FDs are ideal if your goal is short-term savings and earning a fixed, safe return. They work best for risk-averse individuals who want to avoid market volatility. FDs are particularly useful for building an emergency fund or saving for specific short-term financial goals like a vacation or home renovation.

When to Choose Life Insurance:

Life insurance is essential if you have dependents who rely on your income. It is primarily for providing financial security to your loved ones in your absence. Term insurance, in particular, is a must-have for anyone with financial dependents. Life insurance is also useful for long-term savings, particularly if you opt for ULIPs or endowment plans that combine protection with wealth accumulation.

Conclusion

FDs and Life Insurance serve different financial objectives, and your choice should depend on your individual needs. If you’re looking for guaranteed returns with no risk, FDs are the way to go. However, if your primary goal is to secure your family’s financial future, life insurance should be a priority. Both can coexist in a well-rounded financial plan, ensuring both growth and protection.

[deepu-123]

Fixed Deposit Calculator

FD Calculator – Fixed deposits are one of the safest & most popular financial instruments. Calculate your FD interest rates & maturity easily with m.Stock’s fixed deposit calculator.

[financialninja]

Fixed deposit| Simple interest & Compound interest Calculation & their formulas

Hi everyone, and welcome to my channel. Today, I'm going to talk about fixed deposits. Fixed deposit is the most popular way to invest money. In short, it's called FD, where secure lump sum money is invested at a predetermined rate of interest. At the end of the tenure, you get your invested amount and compound interest. FD interest rates remain unchanged by market fluctuations, but the invested amount is typically locked in until maturity. some banks offer premature withdrawal but they charge a penalty for that. With FD, you invest your lump sum amount for a certain period ranging from as small as 7 days to as high as 10 years. Higher interest rates are generally given for longer time tenure.Generally interest is paid every 3 months from the date of deposit. Let's say you opened fd ac on 8th june you will receive next interest installment on 8th September. Interest is credited to your account. This is case of simple FD. However customers can choose to have his interest reinvested in FD account. In this case This deposit is called compound interest FD. In that case interest is paid with invested amount on maturity of deposit at the end of term. Investing in FD gives higher interest than investing in savings account. The interest rate on fixed deposits may not keep pace with inflation, which means that your money may lose its purchasing power over time.

So in india,minimum tax you pay for fd is 10%.this is the rate of tax deducted at source(TDS) on interest earned on fd, if interest earned exceeds 40000 in a financial year. For senior citizens this tds earned is 50000.If your overall income for a year does not fall within overall tax limits you can submit form15G( <60years of age) and 15H (>60years of age). These forms help you receive interest with tax deducted at source (tds).Tax saving fd provide tax benefits under Section 80C of the Income Tax Act. You can claim a tax deduction of up to Rs 1.5 lakh by investing in the tax saving FDs. You can earn fixed returns while saving on the taxes. This FD can be opened in the same way as a regular FD.

[livenews24x7hindi]

कॉरपोरेट FD में पैसा लगाने से पहले चेक कर लें ये 6 बातें, बाद में नहीं होगी परेशानी

कॉर्पोरेट फिक्स्ड डिपॉज़िट में निवेश करने से पहले, कंपनी की क्रेडिट रेटिंग का आकलन करें। AAA रेटिंग किसी भी प्रमुख क्रेडिट-रेटिंग एजेंसी द्वारा दी जाने वाली उच्चतम संभव रेटिंग है। अपनी वित्तीय योजना के संदर्भ को समझना महत्वपूर्ण है। फिक्स्ड इनकम के लिए FD का विकल्प सदाबहार विकल्प है। इसमें आपको एक तय रकम पर तय ब्याज दर के आधार पर रिटर्न मिलता है। आप बैंक में FD करवा सकते हैं। आप चाहें तो कॉरपोरेट…

[diliwriter]

What is the highest fixed deposit rate?

If you're considering where to invest your savings, understanding the current fixed deposit rates in Sri Lanka is crucial. Fixed deposit accounts offer a secure way to grow your money over time, typically offering higher interest rates than regular savings accounts. Many investors look for the highest fixed deposit rates available to maximize their returns.

While the rates can vary depending on the institution and the prevailing economic conditions, it's important to shop around for the best rates. Banks and financial institutions often compete by offering promotional rates or higher rates for longer-term deposits. Some may even offer special rates for senior citizens or larger deposit amounts.

Investors should also consider the tenure of the fixed deposit, as longer terms generally offer higher interest rates. This allows the financial institution more time to utilize the deposited funds, resulting in better returns for the depositor.

Before committing to a fixed deposit, it's wise to compare the rates offered by different banks. Online platforms and financial comparison websites can be valuable resources for this research. Additionally, consider factors such as the reputation of the institution, customer service, and any additional benefits or conditions attached to the deposit account.

While the search for the highest fixed deposit rates in Sri Lanka requires careful consideration of various factors, it ultimately empowers investors to make informed financial decisions. By staying informed and exploring all available options, investors can secure competitive returns on their savings while ensuring peace of mind.

For more information on competitive fixed deposit rates in Sri Lanka, consider exploring offerings from Siyapatha Finance, a trusted name in financial services.

Siyapatha Finance

[nifty11]

Stock Market Vs Fixed Deposit. High returns vs Stability, Your investment, Your choice!

follow us: @niftyelevenofficial

[everydaythoughtforyou]

[financialeducationsip]

FD vs Life Insurance: A Complete Comparison

Introduction

Are you confused between choosing a Fixed Deposit (FD) or a Life Insurance policy? You’re not alone! Both these financial products serve different purposes, yet they often end up being compared. While FDs are known for their simplicity and fixed returns, life insurance provides financial protection for your loved ones in case something happens to you. But which one should you choose? Let’s dive into a detailed comparison to help you decide.

What is a Fixed Deposit (FD)?

An FD is one of the most common and straightforward investment tools offered by banks and financial institutions. It's essentially a savings option where you invest a lump sum for a specific period, and in return, you earn a fixed interest rate.

How it Works: You deposit a sum of money for a predetermined tenure (ranging from 7 days to 10 years), and the bank pays you interest based on the tenure and current interest rates.

Key Features: Safe investment, predictable returns, and fixed tenure.

What is Life Insurance?

Life insurance, on the other hand, is a contract between you and an insurance company where you pay premiums, and in return, the insurer promises to pay a lump sum amount (sum assured) to your beneficiaries in case of your death during the policy term.

Types of Life Insurance:

Term Life Insurance: This provides pure risk cover for a specified term. If the insured passes away during this period, the beneficiary receives the sum assured.

Whole Life Insurance: This covers the insured for their entire life, and beneficiaries receive the payout upon death.

Endowment Plans: These provide both insurance coverage and savings, offering a lump sum upon policy maturity or the insured's death.

Purpose of FD vs Life Insurance

The purpose of an FD is primarily to grow your savings with minimal risk over a short to medium term. On the other hand, life insurance is designed to protect your family financially in case of your untimely demise.

FD: Best for savings and wealth accumulation.

Life Insurance: Best for financial protection and legacy planning.

Returns on FD vs Life Insurance

FDs provide you with fixed returns depending on the prevailing interest rates. Typically, interest rates range between 3% to 7% depending on the tenure and bank.

Life insurance policies, especially endowment and ULIP plans, offer both death benefits and maturity payouts. However, returns on life insurance (other than term insurance) may not always match those of FDs, as part of the premium is allocated toward insurance cover.

Risk Factor

FDs are known for their safety as they are generally free from market risks, and your principal amount is almost always secure. Banks in India offer insurance cover of up to INR 5 lakh for FD deposits through DICGC (Deposit Insurance and Credit Guarantee Corporation).

Life insurance, especially term plans, poses no financial risk, but endowment and ULIP policies may be affected by market fluctuations. You must choose the right plan based on your risk appetite.

Tax Benefits

Both FDs and Life Insurance come with tax benefits, but they differ.

FDs: The interest earned is taxable. However, tax-saving FDs (with a 5-year lock-in) allow deductions under Section 80C of the Income Tax Act.

Life Insurance: Premiums paid towards life insurance policies qualify for tax deductions under Section 80C. Moreover, the death benefit and maturity proceeds are tax-free under Section 10(10D), subject to certain conditions.

Liquidity

FDs generally offer the flexibility to withdraw funds before the maturity date, although you might face penalties or lose interest if you withdraw early.

Life insurance, on the other hand, offers lower liquidity. Policies like term plans don’t offer any returns if surrendered before the term ends, and even endowment plans charge surrender fees in the initial years.

Tenure

FDs come with a fixed tenure ranging from as short as 7 days to as long as 10 years. You can select a tenure based on your financial goals.

Life insurance policies, especially term plans, usually come with a longer tenure ranging from 10 to 40 years or even whole life in the case of whole life insurance.

Premium vs Deposit Amount

In FDs, you invest a lump sum amount or choose recurring deposits. The amount you invest depends on your financial capacity, and there is no regular payment requirement.

In life insurance, you pay regular premiums (monthly, quarterly, or yearly). The premium depends on the type of policy, sum assured, and your age, health, and other factors.

Beneficiaries and Nomination

FDs allow you to nominate beneficiaries who can claim the deposit in case of your death. However, there is no added financial benefit apart from the sum invested and the accrued interest.

Life insurance specifically caters to beneficiaries by providing a death benefit, which can be significantly higher than the premiums paid, offering a safety net for your loved ones.

Investment Horizon

FDs are typically short to medium-term investments, perfect for those looking for safety and stability.

Life insurance, especially for term and whole life policies, is a long-term commitment aimed at providing financial protection and ensuring your family’s future security.

Who Should Invest in FD?

FDs are ideal for conservative investors looking for stable returns with low risk. It’s great for individuals who need liquidity and short-term financial goals.

Who Should Opt for Life Insurance?

Life insurance is suited for individuals with dependents or those who wish to secure their family's financial future in their absence. It’s a critical part of financial planning, especially for young families and breadwinners.

Conclusion

Both FDs and Life Insurance have their own distinct advantages. While FDs offer stable returns and easy liquidity, life insurance provides financial protection and peace of mind for your loved ones. Your choice between the two should be based on your financial goals. If you’re looking for wealth accumulation, go for FDs. If financial security for your family is your primary concern, life insurance is a must.

FAQs

Can I take both FD and Life Insurance?Yes, combining both can give you the best of both worlds—steady returns and financial protection.

What happens if I break my FD early?You may incur a penalty or lose out on accrued interest depending on your bank’s terms.

Can I change the beneficiary in Life Insurance?Yes, most life insurance policies allow you to change your nominee at any time.

Is Life Insurance a good investment tool?Life insurance is primarily a protection tool, but some plans like ULIPs and endowments also offer investment benefits.

Are FD returns guaranteed?Yes, FDs offer guaranteed returns at fixed interest rates.

[investmentprotips]

Why Fixed Deposits Are a Secure Investment Option

In the realm of investments, where risk and uncertainty often prevail, fixed deposits stand out as a beacon of stability and security. This article delves into the reasons why fixed deposits are considered one of the safest investment options available to individuals.

Introduction to Fixed Deposits

Fixed deposits, commonly known as FDs, are financial instruments offered by banks and financial institutions. They allow investors to deposit a sum of money for a predetermined period at a fixed interest rate, providing steady returns over time.

What is a Fixed Deposit?

A fixed deposit is a type of savings instrument where an investor deposits a lump sum amount with a financial institution for a specific tenure. The bank or institution pays interest on this deposit at a fixed rate, typically higher than regular savings accounts.

Benefits of Investing in Fixed Deposits

Safety and Security

Fixed deposits are known for their stability and safety. They offer a guaranteed return on investment, making them an attractive option for conservative investors who prioritize capital preservation.

Guaranteed Returns

One of the key advantages of fixed deposits is the assurance of fixed returns. Unlike market-linked investments, where returns fluctuate, FDs provide a predetermined interest rate throughout the tenure, ensuring a steady income stream.

Flexibility in Terms

Investors can choose the tenure of their fixed deposits, ranging from a few months to several years. This flexibility allows individuals to align their investment goals with their financial needs and obligations.

Tax Benefits

In many countries, fixed deposits offer tax benefits. Interest earned on FDs may be eligible for tax deductions or exemptions, making them a tax-efficient investment avenue.

How Fixed Deposits Work

Opening a fixed deposit account is a straightforward process. Investors need to fill out an application form, provide necessary documents, and deposit the desired amount. The bank then credits the interest periodically into the investor's account.

Risks Associated with Fixed Deposits

While fixed deposits are considered safe, they are not entirely risk-free. Investors should be aware of potential risks such as inflation risk, where the real value of returns diminishes over time, and interest rate risk, where changes in interest rates affect the investment's value.

Comparison with Other Investment Options

Fixed Deposit vs. Savings Account

Compared to savings accounts, fixed deposits offer higher interest rates and are ideal for long-term savings goals. However, they may have liquidity constraints due to lock-in periods.

Fixed Deposit vs. Mutual Funds

Fixed deposits provide guaranteed returns, whereas mutual funds are subject to market risks. Investors choose between the two based on their risk tolerance and investment objectives.

Fixed Deposit vs. Real Estate

While real estate investments can offer substantial returns, they come with higher risks and liquidity issues. Fixed deposits, on the other hand, provide liquidity and stability.

Strategies for Maximizing Returns with Fixed Deposits

Laddering Strategy

Investors can use the laddering strategy by staggering their fixed deposits with different maturity periods. This allows for regular liquidity while benefiting from varying interest rates.

Reinvestment Strategy

Upon maturity, investors can reinvest their fixed deposits to capitalize on compounding returns, thereby maximizing their overall earnings.

Conclusion

Fixed deposits offer a secure and stable investment avenue for individuals seeking capital preservation and steady returns. Understanding their benefits, risks, and strategies can empower investors to make informed financial decisions.

FAQs about Fixed Deposits

How safe are fixed deposits? Fixed deposits are generally considered safe as they offer guaranteed returns and are backed by the financial institution's credibility.

What is the minimum investment required for a fixed deposit? The minimum investment amount varies among banks and financial institutions but is typically affordable for most investors.

Can fixed deposits be withdrawn prematurely? Yes, fixed deposits can be withdrawn prematurely, but this may incur penalties or lower interest rates depending on the bank's terms.

Are fixed deposits taxable? In many countries, interest earned on fixed deposits is taxable, and investors should consult tax advisors for accurate information.

What happens if a bank defaults on fixed deposits? Banks usually have deposit insurance schemes that protect fixed deposits up to a certain limit, ensuring investor security in case of bank failures.

[finance-tips-tricks]

Shriram finance FD interest rate - May 2024

A Fixed Deposit is a safe investment and independent of market fluctuations. Check Shriram Finance Fixed Deposit interest rates and charges for May 2024 FD Interest rates up to 9.40% p.a. Including 0.50% p.a. for Senior Citizens and 0.10% p.a. for Women