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 moreFD vs SIP – Which is Better for Investments?
Posted on Thursday, October 17th, 2024 |
Indian investors usually prefer fixed deposits (FDs), a classic product. However, fintech is pushing them towards new investments. For example, mutual funds offer higher returns and more control. A Systematic Investment Plan (SIP) allows gradual investments in mutual funds and is a popular option nowadays. You can choose FDs for periods ranging from seven days…
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