What Are The Different Types Of Bank Accounts?

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Banks and financial institutions provide a variety of account options to meet the different needs of their customers. To make the most of your bank account, you must select the right option.   From everyday transactions to long-term savings, each type of bank account serves to help people and businesses manage their money effectively. If you…

What is the Full Form of VPA? What is VPA in UPI?

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The Unified Payment Interface (UPI) system has become considerably popular over the last few years. One can split bills with friends, pay merchants to buy groceries or recharge their phone with just a few clicks. UPI has revolutionised the way people make payments and handle financial transactions.   The ease and convenience of UPI make it…

What is Lien on Fixed Deposit? Understanding its Benefits and Risks

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Fixed deposits are time-tested investment tools that work well as emergency funds. You can park your excess cash or savings into a protected fund and earn stable returns over time. This tool suits investors with low-risk appetites since their funds are preserved without losing value due to inflation.   You must understand the meaning of the…

What is Auto Renewal in Fixed Deposit?

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Fixed deposits are a preferred investment instrument for Indian bank account holders. They can act as emergency funds for unplanned moments of unemployment, vacations, or high medical expenses. Typically, the money you invest is returned to you with a predetermined interest percentage after some time.   Investors may compromise on the interest rate bonus in an…

What is a Savings Account? How Does it Work?

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A savings account is crucial for managing your finances effectively. You can save for various purposes while having easy access to your funds. Choosing the right bank, such as IndusInd Bank, ensures that your savings account is more than a place to park your money. It is one of the pillars for securing your financial…