Monthly Interest Rates for a ₹20 Lakh Fixed Deposit (FD)
Posted on Thursday, September 26th, 2024 |

Investing ₹20 lakh wisely can provide the financial security many aspire to achieve. A fixed deposit can be an ideal investment option with attractive returns, tax benefits, insurance protection by the Deposit Insurance and Credit Guarantee Corporation (DICGC), and the option to borrow against the deposit. IndusInd Bank Fixed Deposits amplify these advantages by offering…
Read morePower of Compound Interest: How it Operates on Fixed Deposit (FD)
Posted on Wednesday, September 25th, 2024 |

Compound interest has the power to transform your savings and investments significantly over time. Unlike simple interest, which is calculated only on the principal amount, compound interest is calculated on both the initial amount and the interest that accumulates. This difference might look nominal but can lead to substantial growth in the value of an…
Read moreSovereign Gold Bond (SGB) vs Fixed Deposit (FD): Detailed Comparison
Posted on Wednesday, September 25th, 2024 |

When investors think about low-risk and reliable investments, Fixed Deposits (FDs) and Sovereign Gold Bonds (SGBs) are often the first options considered. While FDs are known for their safety and guaranteed returns, SGBs add a touch of commodity investment through gold. To make an informed investment decision, it’s important to understand the specifics of each…
Read moreBudget 2024 Highlights
Posted on Friday, September 20th, 2024 |

Budget Day in India is highly anticipated, with businesses and the public keen to see the new schemes and initiatives. This year, due to elections, Budget 2024 was announced later than usual, on February 1. The Finance Minister presented the Final Budget on July 23, 2024, emphasizing employment, skilling, MSMEs, and the middle class. The…
Read moreWhy Fixed Deposits are a Smart Investment Amidst Rising Capital Gain Taxes Budget 2024
Posted on Friday, September 20th, 2024 |

With the recent increase in effective capital gain taxes, investors are seeking stable and secure investment options. Fixed Deposits (FDs) have long been favoured for their guaranteed returns and low risk. In the current financial landscape, they have become even more attractive. Here’s why Fixed Deposits are a good investment choice now. Benefits of Fixed…
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