Tips for Maximising Returns on Fixed Deposits

0

A Fixed Deposit (FD) is a financial instrument that promises a secure and predictable return on your investment over a fixed period.   This simple offering is available for people of various age groups, locations, life stages, and so on. No more worries about market fluctuations or inflation eroding your money’s value. And that’s not all….

Apply for a Fixed Deposit Online: Streamlining the Process

0

Fixed Deposits (FDs) are a secure way to grow your money with assured returns. Unlike market-linked investments, the appeal of an FD lies in its predictable growth. You know exactly how much you will receive at maturity. Such assurance makes FDs preferred by many, especially those who want to avoid risks. However, it was not…

Decoding Financial Institutions’ Credit Ratings & Its Role in Fixed Deposit Investments

0

When it comes to saving money, many in India turn to fixed deposits for their predictability and safety. The Reserve Bank of India’s 2023 report highlights an impressive ₹10.27 trillion committed to bank deposits. This figure speaks volumes about the trust Indians place in FDs. An FD typically offers risk-free returns as it remains unaffected…

A Guide to FD Premature Withdrawal and Impact on FD Returns

0

Fixed Deposits (FDs) are one of the most popular investment options in India, known for their stability and guaranteed returns. Essentially, an FD is a financial instrument offered by banks and financial institutions where you deposit a lump sum amount for a fixed period at a predetermined interest rate. This tenure can vary from a…

What is the Meaning of FOIR in Banking & How it is Calculated

0

Financial institutions like banks have specific eligibility criteria that must be fulfilled to avail personal loan. One important factor considered is the Fixed Obligation to Income Ratio, commonly referred to as FOIR. FOIR plays a key role in determining how much loan amount an individual can afford to repay based on their income level. This…