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Fixed Deposit: Nominee vs Legal Heir
Posted on Thursday, October 17th, 2024 |
Investing in fixed deposits (FDs) is popular for those seeking stability and guaranteed returns. However, understanding the roles of nominees and legal heirs in the context of FDs can be confusing. A common issue for many investors is the uncertainty about who will receive the FD (Fixed Deposit) funds in the event of their demise….
Read moreHow to Download a Fixed Deposit Interest Rate Certificate?
Posted on Thursday, October 17th, 2024 |
Fixed deposits are a popular investment. They offer good returns over time. However, if these returns exceed a threshold amount, they’re taxed. In that case, banks deduct the tax at source as per the Income Tax Act of 1961. For investors, the Tax Deducted at Source (TDS) certificate is important. It shows the tax deduction…
Read moreHow Does a Fixed Deposit Account Work
Posted on Thursday, October 17th, 2024 |
One of the best options for people seeking guaranteed returns is a fixed deposit. A fixed deposit account guarantees interest on the money deposited for a specified tenure. This means that the funds sitting idle in your savings account can generate higher returns if you open a fixed deposit. But how do FDs work, and…
Read moreTreasury Bills (T Bills) Vs Fixed Deposit (FD)
Posted on Thursday, October 10th, 2024 |
Making smart investment choices is key to meeting your financial goals. Thus, it is essential to pick options that fit your budget, goals, and risk tolerance. Treasury Bills (T-Bills) and Fixed Deposits (FDs) are popular for their safe and steady returns. Yet, they serve unique needs. In this article, we’ll compare T-Bills with FDs. We’ll…
Read moreWhat is Tax Saving Fixed Deposit? How Does a 5-Year Tax Saving FD Work?
Posted on Thursday, October 10th, 2024 |
A tax-saving fixed deposit (FD) is an excellent way to earn interest while enjoying tax benefits. It is a dual-benefit investment. Are you wondering how to invest money effectively while cutting taxes? A 5-year tax saving fixed deposit could be the solution. What is a Fixed Deposit (FD) That Saves Taxes? The most favoured type…
Read morePartially Withdraw Funds from a Fixed Deposit
Posted on Thursday, October 10th, 2024 |
A fixed deposit is a secure way to save money, offering a fixed interest rate over a specified period. At maturity, you receive the principal and the accrued interest. It is also possible to withdraw your funds early. However, partial withdrawals are usually restricted to tax savers or non-withdrawable fixed deposits. They typically have a…
Read moreHow to Download Fixed Deposit Receipt
Posted on Thursday, October 10th, 2024 |
When you book a fixed deposit, the financial institution provides a Fixed Deposit Receipt (FDR) or acknowledgement. This document acts as proof of your investment. However, if you have misplaced or forgot to collect your FDR, you might wonder how to obtain it again. This blog will address this common concern and explain the steps…
Read moreELSS vs Fixed Deposit (FD): What to Choose?
Posted on Thursday, September 26th, 2024 |
Confused between the Equity Linked Savings Scheme (ELSS) and Fixed Deposits (FDs)? Choosing the right investment can be a difficult task, especially when you are weighing options like ELSS, with its higher growth potential and tax benefits, against the safety and predictability of FDs. This choice is critical, as it impacts both your financial strategy…
Read moreFixed Deposit (FD) vs Gold: Key Differences
Posted on Thursday, September 26th, 2024 |
Many investors might often face the predicament of whether to opt for a fixed deposit or invest in gold, given their popularity for being comparatively safer than other market-linked instruments and for generating satisfactory returns. Fixed deposits offer a guaranteed and stable return on investment with minimal risk, making them best for conservative investors. In…
Read moreHow Much You Can Earn Through FD Monthly Interest
Posted on Thursday, September 26th, 2024 |
You may already be familiar with the advantages of fixed deposits, such as risk-free returns, loan facilities, Deposit Insurance and Credit Guarantee Corporation (DICGC) insurance coverage, and tax benefits. But did you know that you can opt for monthly interest payouts as well? IndusInd Bank Fixed Deposits offer this feature along with competitive interest rates,…
Read moreOpen a Fixed Deposit Without a Savings Account
Posted on Thursday, September 26th, 2024 |
Fixed Deposits (FDs) offer numerous benefits, including zero risk, predictable returns, loan facilities, tax benefits, and even Deposit Insurance and Credit Guarantee Corporation (DICGC) backed insurance. No wonder why millions of Indians put their trust in these investment options. The traditional route to opening an FD typically starts with owning a savings account at a…
Read moreLeveraging FD Calculator for Long-Term Investment Strategies
Posted on Thursday, September 26th, 2024 |
Understanding the growth potential of your hard-earned money in every investment, including Fixed Deposits (FDs), is important. Fixed deposits are known for their safety, predictability, liquidity, high interest rates compared to savings accounts, and even tax advantages. However, using a fixed deposit calculator can take your investment strategy to the next level. This tool allows…
Read moreMonthly Interest Rates for a ₹10 Lakh Fixed Deposit (FD)
Posted on Thursday, September 26th, 2024 |
Investing ₹10 lakh is a significant financial move. By placing this amount in a Fixed Deposit (FD), you ensure the principal’s full safety while earning high interest rates. What makes these investments even more attractive are the flexible payout options offered by IndusInd Bank Fixed Deposits. This means you can choose to receive monthly interest…
Read moreMonthly Interest Rates for a ₹20 Lakh Fixed Deposit (FD)
Posted on Thursday, September 26th, 2024 |
Investing ₹20 lakh wisely can provide the financial security many aspire to achieve. A fixed deposit can be an ideal investment option with attractive returns, tax benefits, insurance protection by the Deposit Insurance and Credit Guarantee Corporation (DICGC), and the option to borrow against the deposit. IndusInd Bank Fixed Deposits amplify these advantages by offering…
Read morePower of Compound Interest: How it Operates on Fixed Deposit (FD)
Posted on Wednesday, September 25th, 2024 |
Compound interest has the power to transform your savings and investments significantly over time. Unlike simple interest, which is calculated only on the principal amount, compound interest is calculated on both the initial amount and the interest that accumulates. This difference might look nominal but can lead to substantial growth in the value of an…
Read moreSovereign Gold Bond (SGB) vs Fixed Deposit (FD): Detailed Comparison
Posted on Wednesday, September 25th, 2024 |
When investors think about low-risk and reliable investments, Fixed Deposits (FDs) and Sovereign Gold Bonds (SGBs) are often the first options considered. While FDs are known for their safety and guaranteed returns, SGBs add a touch of commodity investment through gold. To make an informed investment decision, it’s important to understand the specifics of each…
Read moreBudget 2024 Highlights
Posted on Friday, September 20th, 2024 |
Budget Day in India is highly anticipated, with businesses and the public keen to see the new schemes and initiatives. This year, due to elections, Budget 2024 was announced later than usual, on February 1. The Finance Minister presented the Final Budget on July 23, 2024, emphasizing employment, skilling, MSMEs, and the middle class. The…
Read moreWhy Fixed Deposits are a Smart Investment Amidst Rising Capital Gain Taxes Budget 2024
Posted on Friday, September 20th, 2024 |
With the recent increase in effective capital gain taxes, investors are seeking stable and secure investment options. Fixed Deposits (FDs) have long been favoured for their guaranteed returns and low risk. In the current financial landscape, they have become even more attractive. Here’s why Fixed Deposits are a good investment choice now. Benefits of Fixed…
Read moreUnion Budget 2024: Top Takeaways for Salaried Employees
Posted on Friday, September 20th, 2024 |
During the Monsoon Session of Parliament, the Finance Minister, Nirmala Sitharaman, presented the Union Budget for 2024–25. She became the first finance minister to deliver seven consecutive budget speeches, surpassing former Prime Minister Morarji Desai’s record of six consecutive budgets from 1959 to 1964. In her seventh budget, Sitharaman focused on boosting economic growth and…
Read moreOld vs New Regime Tax Rates FY 2024-25 & AY 2025-26
Posted on Thursday, September 19th, 2024 |
Understanding the income tax slab rates is essential for every taxpayer. For the financial year 2024-25, the Government of India has outlined distinct tax slabs under both, the old and new tax regimes. This article provides a comprehensive overview of these slabs, helping you make informed decisions about your tax planning. What Changes Were Announced…
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