Travelling Abroad to Study? Top Ways to Carry Foreign Currency

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Summary: Studying abroad requires prudent financial management. Foreign currency can be carried in the form of forex cards, foreign currency demand drafts (FCDD), and traveller’s cheques. Forex cards are excellent for convenience and budgeting. IndusInd Bank’s Indus Multicurrency Forex Card offers advanced security features and support for multiple currencies. Your dream of studying abroad is…

Treasury Bills (T Bills) Vs Fixed Deposit (FD)

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Making smart investment choices is key to meeting your financial goals. Thus, it is essential to pick options that fit your budget, goals, and risk tolerance. Treasury Bills (T-Bills) and Fixed Deposits (FDs) are popular for their safe and steady returns. Yet, they serve unique needs. In this article, we’ll compare T-Bills with FDs. We’ll…

What is Tax Saving Fixed Deposit? How Does a 5-Year Tax Saving FD Work?

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A tax-saving fixed deposit (FD) is an excellent way to earn interest while enjoying tax benefits. It is a dual-benefit investment. Are you wondering how to invest money effectively while cutting taxes? A 5-year tax saving fixed deposit could be the solution. What is a Fixed Deposit (FD) That Saves Taxes? The most favoured type…

Partially Withdraw Funds from a Fixed Deposit

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A fixed deposit is a secure way to save money, offering a fixed interest rate over a specified period. At maturity, you receive the principal and the accrued interest. It is also possible to withdraw your funds early. However, partial withdrawals are usually restricted to tax savers or non-withdrawable fixed deposits. They typically have a…

How to Download Fixed Deposit Receipt

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When you book a fixed deposit, the financial institution provides a Fixed Deposit Receipt (FDR) or acknowledgement. This document acts as proof of your investment. However, if you have misplaced or forgot to collect your FDR, you might wonder how to obtain it again. This blog will address this common concern and explain the steps…