Importance of Fixed Deposits for Your Daughters

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As a parent, you have a goal of providing your daughters with the best opportunities life has to offer. You want to empower them to soar high, achieve their goals, and live life on their terms. While love and emotional support are important, financial security is equally crucial. Having strong financial support will allow your…

Open Fixed Deposit for Minor

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Planning for your child’s future often takes the top priority. While there are numerous investment avenues in the market to secure your child’s financial future, a fixed deposit for minors stands out as a secure and reliable option. A fixed deposit (FD) offers guaranteed returns and a disciplined approach to savings. Let’s see how a…

Long-Term Fixed Deposit – Meaning, Interest Rates & Benefits

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Investors who seek a long-term approach to investing often look for options that are stable and predictable. Fixed Deposits (FDs) with their flexible tenures and guaranteed returns are an ideal solution for such investors. By investing in an FD for the long term, investors can enjoy a variety of benefits, of which compounded returns is…

Benefits of a Joint Fixed Deposit

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If you are seeking a safe and stable way to grow your savings, a fixed deposit (FD) is the way to go. Among the different types of FDs, a joint fixed deposit is an ideal option if you want to share the investment amount and benefits with a family member or partner.   A joint FD…

What is the Cash Reserve Ratio and its Impact on the Economy?

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Have you ever thought about how banks manage the funds that are deposited? Or why do regulations ensure financial institutions do not lend out every rupee they receive? These questions bring us to the concept of the Cash Reserve Ratio (CRR). Understanding CRR is essential, as it considerably affects the economy, impacting everything from inflation to…