How to Recover Money Transferred to the Wrong Savings Account?

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Summary Wrong money transfers usually happen due to incorrect account numbers, IFSC codes, UPI IDs, mobile numbers, or selecting the wrong beneficiary. If the entered account details are invalid, the transaction may fail and the amount is generally credited back to the sender’s account. If the money reaches a valid but unintended account, the funds…

Effective Money Management Tips for Women at Every Life Stage

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Summary Effective money management helps women build financial independence, achieve life goals and prepare for future responsibilities with confidence. Key financial habits include budgeting, creating an emergency fund, saving consistently, investing early and maintaining adequate insurance coverage. Choosing the right savings account can simplify day-to-day money management by offering easy access to funds, better expense…

What is a Sinking Fund and How Does it Work?

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Summary A sinking fund is a dedicated pool of money created through regular contributions to a savings account to meet a specific future expense or financial obligation. It helps individuals and businesses prepare for planned expenses such as vacations, education costs, home renovations, asset replacement or debt repayment. They help you to accumulate the required…

What is Total Relationship Value in a Savings Account?

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Summary Total Relationship Value represents the combined value of assets and banking products you hold with a bank. It may include balances in your savings account, fixed deposits, recurring deposits, investments, and other eligible products. A higher TRV can help customers access premium banking services and relationship-based benefits. Bank look at multiple things when you…

Boost Your Returns: The Power of Laddering Fixed Deposit Investments

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Summary Fixed deposit laddering involves spreading your funds across multiple FDs with different tenures instead of locking them into a single FD. This approach maximises returns, improves liquidity, and reduces interest rate risks. IndusInd Bank offers attractivefixed deposit interest rates along with flexible tenure options, auto-renewal features, and a 100% online application process. Fixed deposits…