Difference Between a Certificate of Deposit and Fixed Deposit
Posted on Thursday, October 17th, 2024 |

Investors with cautious risk appetites often prefer debt instruments that offer steady returns. Among these, Certificates of Deposit (CDs) and Fixed Deposits (FDs) are popular choices. However, many investors frequently need clarification between the two. Here is a detailed comparison to help you make informed investment decisions and clear up any confusion. This guide highlights…
Read moreDifference Between Fixed Deposit and Life Insurance
Posted on Thursday, October 17th, 2024 |

Two popular options often come to mind when planning for a secure financial future: life insurance and fixed deposits (FDs). While both serve to protect your finances, they have distinct purposes, advantages, and features. Knowing these differences is crucial. It will help you make an informed decision that matches your financial goals. In this blog,…
Read moreFixed Deposit: Nominee vs Legal Heir
Posted on Thursday, October 17th, 2024 |

Investing in fixed deposits (FDs) is popular for those seeking stability and guaranteed returns. However, understanding the roles of nominees and legal heirs in the context of FDs can be confusing. A common issue for many investors is the uncertainty about who will receive the FD (Fixed Deposit) funds in the event of their demise….
Read moreHow to Download a Fixed Deposit Interest Rate Certificate?
Posted on Thursday, October 17th, 2024 |

Fixed deposits are a popular investment. They offer good returns over time. However, if these returns exceed a threshold amount, they’re taxed. In that case, banks deduct the tax at source as per the Income Tax Act of 1961. For investors, the Tax Deducted at Source (TDS) certificate is important. It shows the tax deduction…
Read moreHow Does a Fixed Deposit Account Work
Posted on Thursday, October 17th, 2024 |

One of the best options for people seeking guaranteed returns is a fixed deposit. A fixed deposit account guarantees interest on the money deposited for a specified tenure. This means that the funds sitting idle in your savings account can generate higher returns if you open a fixed deposit. But how do FDs work, and…
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