Difference Between Fixed Deposit & Term Deposit
Posted on Monday, January 27th, 2025 |
It is important to understand the variety of investment options available when planning your finances. This ensures effective money management. Two common investment terms you will encounter are ‘Fixed Deposit’ (FD) and ‘Term Deposit’. While these terms are often used interchangeably, they have subtle differences depending on both the investor and the financial institution. In…
Read moreFixed Deposit Auto-Renewal: Key Factors to Consider and Ways to Maximise Returns
Posted on Monday, January 27th, 2025 |
Fixed Deposits (FDs) offer multiple benefits that make them one of the most risk-free and reliable investment options. Some of the advantages are better returns, predictable growth, easy liquidity, and flexible tenures. The insurance coverage of up to ₹5 lakh by the Deposit Insurance and Credit Guarantee Corporation (DICGC) increases their appeal even more. On…
Read moreDocuments Required for Tax-Saver FDs
Posted on Monday, January 27th, 2025 |
Do you want to save on taxes and, at the same time, earn higher returns with zero risk? A tax-saver Fixed Deposit (FD) offers an excellent way to achieve both goals. However, before you can start investing, it’s important to have the right documents ready. From identity proof to address verification, being prepared with the…
Read moreThe Impact of RBI’s Interest Rate Changes on Fixed Deposits
Posted on Monday, December 23rd, 2024 |
Summary: RBI’s repo rate directly impacts fixed deposit interest rates. A high repo rate increases the cost of borrowing for commercial banks, leading to high interest rates on both customer loans and deposits. On the other hand, a low repo rate reduces the interest rate on loans and deposits. However, with IndusInd Bank, customers can…
Read moreTax Saving Fixed Deposits A Smart Way to Save and Grow Your Wealth
Posted on Friday, December 20th, 2024 |
Summary: Tax-saving fixed deposits are a secure option to save on taxes while earning guaranteed returns. With a fixed interest rate, a 5-year lock-in period, and tax benefits, these fixed deposits offer predictable growth and stability. Managing your money is crucial to building a secure financial future. Many individuals find it challenging to grow…
Read more

Offers
Rates
categories
Bloggers
Blog collection
Press Release