Fixed Deposit: Nominee vs Legal Heir
Posted on Thursday, October 17th, 2024 |

Investing in fixed deposits (FDs) is popular for those seeking stability and guaranteed returns. However, understanding the roles of nominees and legal heirs in the context of FDs can be confusing. A common issue for many investors is the uncertainty about who will receive the FD (Fixed Deposit) funds in the event of their demise….
Read moreHow to Download a Fixed Deposit Interest Rate Certificate?
Posted on Thursday, October 17th, 2024 |

Fixed deposits are a popular investment. They offer good returns over time. However, if these returns exceed a threshold amount, they’re taxed. In that case, banks deduct the tax at source as per the Income Tax Act of 1961. For investors, the Tax Deducted at Source (TDS) certificate is important. It shows the tax deduction…
Read moreHow Does a Fixed Deposit Account Work
Posted on Thursday, October 17th, 2024 |

One of the best options for people seeking guaranteed returns is a fixed deposit. A fixed deposit account guarantees interest on the money deposited for a specified tenure. This means that the funds sitting idle in your savings account can generate higher returns if you open a fixed deposit. But how do FDs work, and…
Read moreTreasury Bills (T Bills) Vs Fixed Deposit (FD)
Posted on Thursday, October 10th, 2024 |

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…
Read moreWhat is Tax Saving Fixed Deposit? How Does a 5-Year Tax Saving FD Work?
Posted on Thursday, October 10th, 2024 |

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…
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