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Press ReleaseMonthly Archives: May 2024
Fixed Deposits (FDs) are one of the most popular choices for consumers looking to earn assured high returns on their savings. FDs give you assured returns with almost no risk. But one important decision to make when investing in FDs is choosing between cumulative and non-cumulative options. So, what exactly are Cumulative and Non-Cumulative FDs?…
Fixed Deposits (FDs) are investments where people can put a large part of their extra savings and see their wealth grow steadily. It is a popular investment option, but many are unaware that this unique investment option offers yet another feature called the top-up fixed deposit. If you are looking for ways to further enhance…
In today’s fast-paced digital world, the convenience of instant fund transfers has become a necessity for individuals and businesses. Immediate Payment Service (IMPS) has emerged as a reliable and efficient option among the various available methods. IMPS offers a seamless way to transfer funds instantly, enabling users to send and receive money with ease. In…
Banks and financial institutions keep innovating their products as per the changing needs of their customers. The concept of sweep-in fixed deposit feature is also a result of innovation, considering the growing need for a savings product that can offer higher returns with easy access to money. This article aims to provide a comprehensive overview…
The minimum balance in a savings account refers to the lowest amount of money that account holders must keep in their accounts. Banks establish these minimum balance requirements to ensure account stability and offer specific benefits to customers. The minimum balance varies between banks and types of savings accounts, so account holders must be aware…
