The Impact of RBI’s Interest Rate Changes on Fixed Deposits
Posted on Monday, December 23rd, 2024 |
Summary: RBI’s repo rate directly impacts fixed deposit interest rates. A high repo rate increases the cost of borrowing for commercial banks, leading to high interest rates on both customer loans and deposits. On the other hand, a low repo rate reduces the interest rate on loans and deposits. However, with IndusInd Bank, customers can…
Read moreTax Saving Fixed Deposits A Smart Way to Save and Grow Your Wealth
Posted on Friday, December 20th, 2024 |
Summary: Tax-saving fixed deposits are a secure option to save on taxes while earning guaranteed returns. With a fixed interest rate, a 5-year lock-in period, and tax benefits, these fixed deposits offer predictable growth and stability. Managing your money is crucial to building a secure financial future. Many individuals find it challenging to grow…
Read moreCheck Latest IndusInd Bank Fixed Deposit Rates – 2024
Posted on Thursday, December 5th, 2024 |
Summary: IndusInd Bank’s fixed deposits offer guaranteed returns at competitive interest rates. Tailored to align with different investment horizons of investors, IndusInd Bank FDs come with returns up to 7.75% for domestic, NRE, and NRO deposits, and up to 8.25% for senior citizens (excluding NRE/NRO). These deposits are packed with features like hassle-free online booking,…
Read moreBoost Your Returns: The Power of Laddering Fixed Deposit Investments
Posted on Wednesday, December 4th, 2024 |
Summary – Fixed deposit laddering involves spreading your funds across multiple FDs with different tenures instead of locking them into a single FD. This approach maximises returns, improves liquidity, and reduces interest rate risks. IndusInd Bank offers attractivefixed deposit interest rates along with flexible tenure options, auto-renewal features, and a 100% online application process. Fixed…
Read moreOpening a Tax-Saving FD: Process and Documents Required
Posted on Thursday, November 28th, 2024 |
Are you looking to open a tax-saving Fixed Deposit (FD) account? Wondering what documents you require to get started? Tax-saving FDs are a prudent investment option, offering both tax benefits and safety. But before you can start growing your savings, knowing what paperwork is required to open one is crucial. Explored here are the process…
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