Yearly Archives: 2024
When you think about investing money, wouldn’t it be great to know exactly how much you will get back at maturity or redemption? That’s the power of Fixed Deposits (FDs). The moment you book an FD, your returns are clear from day one. Your hard-earned money stays safe, untouched by market fluctuations or economic certainty. …
Summary: Credit cards are the ideal travel companions for frequent travellers. These tools make financial management easy while offering convenience and a range of perks. However, it’s important to exercise financial prudence while using them. This includes understanding and utilising card benefits, setting spending limits, avoiding excessive cash withdrawals, and choosing credit cards that offer…
When it comes to managing personal finance, a savings account emerges as a cornerstone for most individuals, offering them a formal mechanism to safeguard their financial resources. At its essence, it is a secure repository where you can deposit funds, often coupled with the benefit of earning interest. The Zero Balance Savings Account adds the…
When it comes to managing your finances wisely, selecting the right bank account is a crucial decision. Your choice between a savings and a current account can significantly impact how you handle your money. While both play a role in managing finances, their functions, benefits, and limitations differ. Individuals need to grasp these distinctions to…
In the landscape of personal finance, banks have introduced a game-changer: the Auto Sweep Facility. This financial tool operates behind the scenes, working actively to ensure your money doesn’t just sit idly but rather, it dynamically engages in wealth-building manoeuvres. What is an Auto Sweep Facility Offered by Banks? The auto sweep facility shifts your…