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 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 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…
Read moreWhat is Lien on Fixed Deposit? Understanding its Benefits and Risks
Posted on Friday, July 19th, 2024 |
Fixed deposits are time-tested investment tools that work well as emergency funds. You can park your excess cash or savings into a protected fund and earn stable returns over time. This tool suits investors with low-risk appetites since their funds are preserved without losing value due to inflation. You must understand the meaning of the…
Read moreHow Sweep-in / Sweep-out can Boost your Saving Strategy
Posted on Friday, June 28th, 2024 |
In today’s fast-paced world, everyone is on the lookout for smarter ways to manage their finances and maximize their savings. One such innovative solution offered by many banks is the Sweep-In Sweep-Out facility. This facility can be a game-changer for individuals seeking to optimize their savings and earn higher returns without compromising liquidity. Let’s delve…
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