Monthly Interest on a ₹ 6 Lakh Fixed Deposit?
Posted on Thursday, October 24th, 2024 |

If you are looking for a safe and reliable investment avenue, then fixed deposits can be the ideal option for you. They come with low risks and guaranteed returns, making them a safe haven for your savings. But did you know that you can earn monthly interest on a fixed deposit which can act as…
Read moreEnsure Your Child’s Education with a Fixed Deposit
Posted on Thursday, October 24th, 2024 |

Planning for your child’s future is a journey filled with love, hope, and hard work. In addition to these, you also need a touch of solid financial planning. Ensuring a secure future for your child often starts with taking care of their education costs. One effective way to safeguard your child’s educational future is through…
Read moreWhat is a Tax-Saving Fixed Deposit for Section 80C Deductions?
Posted on Thursday, October 24th, 2024 |

Tax-saving fixed deposits (FDs) are an ideal investment option if you are looking to save on taxes while earning assured returns. These FDs offer a dual benefit: they provide tax deductions under Section 80C of the Income Tax Act, 1961, and ensure a fixed interest income. So, if you are wondering, ‘Does an FD come…
Read moreAvoid Penalty on Premature Withdrawal of Fixed Deposit
Posted on Thursday, October 17th, 2024 |

Fixed Deposits (FDs) are safe investments that offer stability and guaranteed returns over time. They are favoured by many for their reliability and the peace of mind they provide. However, life’s unpredictable nature can sometimes necessitate a premature withdrawal of these funds. Unfortunately, this often comes with penalties. They can reduce your earnings thereby reducing…
Read moreFD vs SIP – Which is Better for Investments?
Posted on Thursday, October 17th, 2024 |

Indian investors usually prefer fixed deposits (FDs), a classic product. However, fintech is pushing them towards new investments. For example, mutual funds offer higher returns and more control. A Systematic Investment Plan (SIP) allows gradual investments in mutual funds and is a popular option nowadays. You can choose FDs for periods ranging from seven days…
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