Recent Changes in Tax Rules Affecting Fixed Deposits
Posted on Friday, April 12th, 2024 |
Fixed deposits are popular for stable returns and their tax-saving benefits. As per the interim budget 2024, there has been no change in the tax deduction limit under sec. 80C of the ITA, and investors can continue to enjoy tax benefits of up to INR 1.5 lakhs on their tax saver FDs. Moreover, the recent…
Read more5 Benefits of Loan Against Fixed Deposit that You Should Know
Posted on Monday, April 8th, 2024 |
A loan against a fixed deposit allows borrowers to leverage the value of their FD and secure a loan against it without liquidating it prematurely. It offers an assortment of benefits like lower interest rates, higher loan amount, zero processing charges, flexible repayment terms, and continued interest-earning on the FD. Fixed deposits are a popular…
Read moreFD Investment: A Safe Investment Plan with High Returns
Posted on Friday, March 15th, 2024 |
Fixed deposits (FDs) have maintained their credibility as a secure financial instrument, standing resilient against the evolving landscape of investment opportunities. Balancing safety with attractive returns, FDs continue to be a preferred choice for investors seeking stability in their portfolios. In this blog, we will explore the various facets that make FD investments a rewarding…
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 moreHow to Calculate Fixed Deposit Returns A Simple Guide
Posted on Friday, February 23rd, 2024 |
Whether you are a working professional or a recently retired person, one type of investment that is bound to be part of your portfolio is a fixed deposit. A fixed deposit (FD) is typically opened with banks and can provide a relatively stable income at regular intervals. This article will particularly dwell on the various…
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