Fixed Deposit Interest Calculation – Simple vs Compound Interest
Posted on Friday, November 22nd, 2024 |

Investing your hard-earned money in the right investment avenue is crucial for financial growth, and Fixed Deposits (FDs) have long been a popular choice for several types of investors. When you invest in an FD, your money earns a fixed amount of interest over a specified tenure. Banks calculate the interest on your FD in…
Read moreTips for Optimising Fixed Deposit Investment Using a Calculator
Posted on Tuesday, November 19th, 2024 |

As any investment expert would recommend, diversifying your investment portfolio is always a good idea. Along with high-risk instruments (if and when they fit your risk appetite), one should always have low-risk investments to hedge their portfolio risk. Fixed Deposits (FDs) have long been a preferred choice for individuals looking for low-risk instruments. If you…
Read moreImportance of Fixed Deposits for Your Daughters
Posted on Tuesday, November 19th, 2024 |

As a parent, you have a goal of providing your daughters with the best opportunities life has to offer. You want to empower them to soar high, achieve their goals, and live life on their terms. While love and emotional support are important, financial security is equally crucial. Having strong financial support will allow your…
Read moreOpen Fixed Deposit for Minor
Posted on Tuesday, November 19th, 2024 |

Planning for your child’s future often takes the top priority. While there are numerous investment avenues in the market to secure your child’s financial future, a fixed deposit for minors stands out as a secure and reliable option. A fixed deposit (FD) offers guaranteed returns and a disciplined approach to savings. Let’s see how a…
Read moreLong-Term Fixed Deposit – Meaning, Interest Rates & Benefits
Posted on Tuesday, November 19th, 2024 |

Investors who seek a long-term approach to investing often look for options that are stable and predictable. Fixed Deposits (FDs) with their flexible tenures and guaranteed returns are an ideal solution for such investors. By investing in an FD for the long term, investors can enjoy a variety of benefits, of which compounded returns is…
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