Fixed deposit myths debunked: What you need to know

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Fixed Deposits(FDs) are an essential part of a smart savings strategy. They earn interest while keeping your savings secure and protect your hard-earned money from unnecessary withdrawals, market risks, and impulsive spending. Fixed deposits are known for their lower risk, simplicity, and assurance. But common myths relating to this instrument tend to hold some individuals…

Essential Documents for Opening a Bank Account: Your Handy Checklist

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A savings account is an essential tool for managing your personal finances in today’s time. The best part? It has become easier to open a savings account instantly. You don’t have to keep going to the bank, stand in long lines, or fill out lots of forms. Today, banks have aligned themselves with the digital…

Digital Account Opening: The Future of Banking

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It’s a digital world today where technology touches almost every part of our lives. People buy things online, chat with friends across oceans, handle office responsibilities and even learn new skills from the screens. You can easily tell that daily routines and habits are influenced by the convenience that technology offers. One task that has…

Everything You Need to Know About Savings Account Average Monthly Balance

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A savings account is your all-time financial partner, which not only helps you manage your daily finances but also offers the dual benefits of security and growth. When opening a savings account, you will often come across the term Average Monthly Balance (AMB). However, don’t be quick to dismiss it as just a banking term….

Top Factors to Consider When Choosing a Current Account

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Thinking about opening a current account? This decision is something you should never take lightly because this key step shapes your business’s financial journey. How? When you run a business, every transaction counts. You must handle daily expenses and pay workers on time. You also need funds for growth and expansion, investments, tax payments, and…