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Press ReleaseMonthly Archives: May 2024
Retirement may seem distant, especially when you’re juggling various financial responsibilities, but the decisions you make today can significantly impact your financial security in the future. Preparing for retirement early can ensure you enjoy a comfortable and stress-free life when you finally decide to hang up your work boots. Here’s a comprehensive guide to help…
Saving money is more than just a financial practice; it’s a mindset. Understanding the psychology behind saving can help you develop habits that not only boost your savings but also enhance your financial security. This guide will explore the psychological aspects of saving and provide practical tips to help you save more effectively. The Psychology…
Supporting the education of grandchildren is a rewarding endeavor for many senior citizens. Not only does it provide tangible benefits for the younger generation, but it also offers a sense of purpose and fulfillment for the elders. Two practical and secure financial instruments for this purpose are savings accounts and fixed deposits. Here’s how seniors…
Like how you’re charged with Tax Deducted at Source (TDS) on your monthly income, you’re also taxed on investment instruments like Fixed Deposits. Your TDS on FD interest may not qualify FDs as a tax-saving tool like a public provident fund (PPF). In case you don’t know, TDS is the amount the sender deducts before…
Fixed Deposits (FDs) have long been considered a reliable investment avenue for individuals seeking stability and assured returns on their savings. Not only do FDs offer a secure way to grow your money, but they also come with the added advantage of tax-saving benefits under Section 80C of the Indian Income Tax Act. What makes…
