How 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 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 moreUnderstanding How Inflation Affects the Real Returns on Fixed Deposits
Posted on Sunday, April 14th, 2024 |
A high inflation rate can significantly affect the real returns on a fixed deposit as the real value of investment decreases over time. As a result, investors need to consider the impact of inflation on an FD before making an investment decision. Investors can opt for cumulative FDs with high interest rates and tax-saving benefits…
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