Fixed Deposit for Minor – Process to Open Minor FD Account
Posted on Friday, February 23rd, 2024 |

Securing a child’s future is the parents’ responsibility. It involves thoughtful planning, strategic investments, and a commitment to providing a solid financial foundation for their lives. Opening a fixed deposit account for minors allows you to systematically save money for significant milestones like education, career or marriage. Fixed deposit for children helps in shaping their…
Read moreWhy Do Senior Citizens Need Tax Saving Fixed Deposit
Posted on Friday, February 23rd, 2024 |

A peaceful retirement plan for senior citizens is vital for ensuring a fulfilling and stress-free post-career life. Such retirement depends on a sound financial plan, with several critical considerations for senior citizens. To start, establishing a budget that aligns with post-retirement needs is essential. This involves calculating daily living expenses and ensuring a comfortable standard…
Read moreCumulative Deposit – What Is Cumulative FD
Posted on Friday, February 23rd, 2024 |

A fixed deposit (FD) is a financial tool wherein an individual invests a lump sum amount with a bank or financial institution for a predetermined duration. The rate of interest remains constant throughout the tenure. At the end of the tenure, the total amount the depositor receives is the sum of the principal and the…
Read moreDifferent Types of Fixed Deposits
Posted on Friday, February 23rd, 2024 |

In today’s complex investment landscape, security is paramount. Many seek a safe yet growth-oriented option for their savings. Fixed Deposits (FDs) provide a solution to this dilemma, offering stable returns without market volatility. This blog explores different types of FDs and why FDs are a smart choice for those prioritising security and growth. 8 Types…
Read morePremature Withdrawal of Fixed Deposit: Pros and Cons
Posted on Friday, February 23rd, 2024 |

When you park your money in an interest-bearing fixed deposit (FD)for a specific period, you aim to grow your savings and steadily build a corpus. FDs come in various tenures ranging from 7 days to 10 years and you can lock in your FD for a specific period of your choosing. But suppose you are…
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