Why Do Senior Citizens Need Tax Saving Fixed Deposit

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A peaceful retirement plan for senior citizens is vital for ensuring a fulfilling and stress-free post-career life. Such retirement depends on a sound financial plan, with several critical considerations for senior citizens. To start, establishing a budget that aligns with post-retirement needs is essential. This involves calculating daily living expenses and ensuring a comfortable standard…

Cumulative Deposit – What Is Cumulative FD

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A fixed deposit (FD) is a financial tool wherein an individual invests a lump sum amount with a bank or financial institution for a predetermined duration. The rate of interest remains constant throughout the tenure. At the end of the tenure, the total amount the depositor receives is the sum of the principal and the…

Different Types of Fixed Deposits

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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.  8 Types…

How will FASTag mandating affect India?

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FASTagis an easy-to-use tag affixed to your vehicle’s windshield. It eliminates the need to pay in cash at state and national highway toll booths, streamlining the travel experience. Mandated for four-wheelers in 2021, FASTag has since resulted in many benefits for Indian consumers – reduced congestion, traffic, and waiting times. Apply for a FASTag with…

How to Calculate Fixed Deposit Returns A Simple Guide

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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…