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Navigating the Benefits of Auto-Renewal Fixed Deposits
Posted on Monday, May 20th, 2024 |
Fixed deposit is one of the most preferred and reliable investment options sought by individuals seeking stability and guaranteed returns. The reason for their popularity is the security and guaranteed returns they offer on the invested amount. Nowadays, the financial market has numerous lucrative products, be it systematic investment plans, unit-linked investments, or traditional fixed…
Read moreInvesting in Fixed Deposits: Building a Better Future
Posted on Tuesday, April 30th, 2024 |
In a world where financial stability is paramount, investing wisely becomes essential. While there are numerous investment options available, fixed deposits stand out as a reliable choice, offering a secure avenue for individuals to grow their wealth and secure their future. Stability and Security Fixed deposits, often referred to as term deposits, are investments offered…
Read moreThe Great Fixed Deposit Debate: Cumulative vs. Non-cumulative
Posted on Monday, April 29th, 2024 |
Fixed deposits are a cornerstone of many investment portfolios in India. They offer a safe haven for your money, guaranteeing a fixed return over a predetermined tenure. But within the world of FDs, a crucial decision arises: cumulative vs non-cumulative fixed deposits? Understanding the distinctions between these two options can significantly impact your financial goals. …
Read moreRisk Management in Retirement: The Role of Fixed Deposits for Senior Citizens
Posted on Monday, April 29th, 2024 |
As one reaches the age of seniority, finding stability for their hard-earned money often becomes a priority. After all, retirement should be a peaceful and relaxing time, a well-deserved break after decades of hard work. However, rising healthcare expenses, inflation, and cost of living are enough to make you worry about outliving your savings. Fixed…
Read moreWhat Is a Credit Card Against Fixed Deposit?
Posted on Monday, April 22nd, 2024 |
We all long for the convenience of a credit card, but what if someone doesn’t match the eligibility criteria? Well, you can apply for a credit card against FD. You can think of it as a credit card that’s backed up by money you’ve already put aside in an FD. In this guide, we will…
Read moreOverdraft Against A Fixed Deposit – Better Than Closing It
Posted on Friday, February 23rd, 2024 |
In times of sudden financial need, individuals often resort to withdrawing their savings and investments, including Fixed Deposits (FDs), which can result in significant losses due to premature withdrawal penalties and loss of interest earnings. This dilemma poses a challenge for those seeking immediate liquidity without sacrificing their investment returns. What is an overdraft against…
Read moreHow Can Nominee Claim a Fixed Deposit After Holder’s Death
Posted on Friday, February 23rd, 2024 |
When we talk about planning our finances, we usually focus on making more money, keeping risks low, and securing what we own for the future. But sometimes, we forget about something important – what happens when the person who owns the account passes away. Dealing with the passing of a loved one is difficult, and…
Read moreFixed Deposit for Minor – Process to Open Minor FD Account
Posted on Friday, February 23rd, 2024 |
Securing a child’s future is the parents’ responsibility. It involves thoughtful planning, strategic investments, and a commitment to providing a solid financial foundation for their lives. Opening a fixed deposit account for minors allows you to systematically save money for significant milestones like education, career or marriage. Fixed deposit for children helps in shaping their…
Read moreWhy Do Senior Citizens Need Tax Saving Fixed Deposit
Posted on Friday, February 23rd, 2024 |
A peaceful retirement plan for senior citizens is vital for ensuring a fulfilling and stress-free post-career life. Such retirement depends on a sound financial plan, with several critical considerations for senior citizens. To start, establishing a budget that aligns with post-retirement needs is essential. This involves calculating daily living expenses and ensuring a comfortable standard…
Read moreCumulative Deposit – What Is Cumulative Fixed Deposit
Posted on Friday, February 23rd, 2024 |
A fixed deposit (FD) is a financial tool wherein an individual invests a lump sum amount with a bank or financial institution for a predetermined duration. The rate of interest remains constant throughout the tenure. At the end of the tenure, the total amount the depositor receives is the sum of the principal and the…
Read moreDifferent Types of Fixed Deposits
Posted on Friday, February 23rd, 2024 |
In today’s complex investment landscape, security is paramount. Many seek a safe yet growth-oriented option for their savings. Fixed Deposits (FDs) provide a solution to this dilemma, offering stable returns without market volatility. This blog explores different types of FDs and why FDs are a smart choice for those prioritising security and growth. Different Types…
Read moreUnderstanding Premature Withdrawals from Fixed Deposits Pros and Cons
Posted on Friday, February 23rd, 2024 |
When you park your money in an interest-bearing fixed deposit (FD)for a specific period, you aim to grow your savings and steadily build a corpus. FDs come in various tenures ranging from 7 days to 10 years and you can lock in your FD for a specific period of your choosing. But suppose you are…
Read moreUnderstanding the Basics of Fixed Deposits
Posted on Wednesday, February 21st, 2024 |
When you think about investing money, wouldn’t it be great to know exactly how much you will get back at maturity or redemption? That’s the power of Fixed Deposits (FDs). The moment you book an FD, your returns are clear from day one. Your hard-earned money stays safe, untouched by market fluctuations or economic certainty. …
Read moreTips for Maximising Returns on Fixed Deposits
Posted on Wednesday, February 14th, 2024 |
A Fixed Deposit (FD) is a financial instrument that promises a secure and predictable return on your investment over a fixed period. This simple offering is available for people of various age groups, locations, life stages, and so on. No more worries about market fluctuations or inflation eroding your money’s value. And that’s not all….
Read moreApply for a Fixed Deposit Online: Streamlining the Process
Posted on Tuesday, February 13th, 2024 |
Fixed Deposits (FDs) are a secure way to grow your money with assured returns. Unlike market-linked investments, the appeal of an FD lies in its predictable growth. You know exactly how much you will receive at maturity. Such assurance makes FDs preferred by many, especially those who want to avoid risks. However, it was not…
Read moreDecoding Financial Institutions’ Credit Ratings & Its Role in Fixed Deposit Investments
Posted on Tuesday, February 13th, 2024 |
When it comes to saving money, many in India turn to fixed deposits for their predictability and safety. The Reserve Bank of India’s 2023 report highlights an impressive ₹10.27 trillion committed to bank deposits. This figure speaks volumes about the trust Indians place in FDs. An FD typically offers risk-free returns as it remains unaffected…
Read moreA Guide to FD Premature Withdrawal and Impact on FD Returns
Posted on Monday, February 12th, 2024 |
Fixed Deposits (FDs) are one of the most popular investment options in India, known for their stability and guaranteed returns. Essentially, an FD is a financial instrument offered by banks and financial institutions where you deposit a lump sum amount for a fixed period at a predetermined interest rate. This tenure can vary from a…
Read moreTax Planning with Fixed Deposits: A Comprehensive Guide
Posted on Friday, February 2nd, 2024 |
Saving taxes is an important part of effective financial planning. Tax-saver fixed deposits allow investors to earn steady returns while reducing their tax liability. Optimizing available deductions can meaningfully boost overall returns. Read on to learn more about tax-saver fixed deposit interest rates and how they help save taxes. What is a Tax Saver Fixed…
Read moreRisk and returns: A Comparative Analysis of FDs and RDs
Posted on Friday, February 2nd, 2024 |
Fixed deposits and recurring deposits are among the popular options for earning steady returns with low risks. Both these options are preferred by conservative investors who wish to park their savings in secure instruments. While fixed deposits provide lump sum returns at maturity, recurring deposits facilitate monthly savings and returns. This article will analyze and…
Read moreThe Impact of Inflation on Fixed Deposits
Posted on Friday, February 2nd, 2024 |
Inflation is an inevitable reality, reflecting the gradual increase in prices over time. In 2023, this trend was evident in India, where the inflation rate fluctuated around 5.5%. This increase affects various aspects of life, such as daily expenses, housing costs, education fees, healthcare, and travel. In this mix of impacts, investments such as fixed…
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