Open a Fixed Deposit Without a Savings Account
Posted on Thursday, September 26th, 2024 |

Fixed Deposits (FDs) offer numerous benefits, including zero risk, predictable returns, loan facilities, tax benefits, and even Deposit Insurance and Credit Guarantee Corporation (DICGC) backed insurance. No wonder why millions of Indians put their trust in these investment options. The traditional route to opening an FD typically starts with owning a savings account at a…
Read moreLeveraging FD Calculator for Long-Term Investment Strategies
Posted on Thursday, September 26th, 2024 |

Understanding the growth potential of your hard-earned money in every investment, including Fixed Deposits (FDs), is important. Fixed deposits are known for their safety, predictability, liquidity, high interest rates compared to savings accounts, and even tax advantages. However, using a fixed deposit calculator can take your investment strategy to the next level. This tool allows…
Read moreMonthly Interest Rates for a ₹10 Lakh Fixed Deposit (FD)
Posted on Thursday, September 26th, 2024 |

Investing ₹10 lakh is a significant financial move. By placing this amount in a Fixed Deposit (FD), you ensure the principal’s full safety while earning high interest rates. What makes these investments even more attractive are the flexible payout options offered by IndusInd Bank Fixed Deposits. This means you can choose to receive monthly interest…
Read moreMonthly Interest Rates for a ₹20 Lakh Fixed Deposit (FD)
Posted on Thursday, September 26th, 2024 |

Investing ₹20 lakh wisely can provide the financial security many aspire to achieve. A fixed deposit can be an ideal investment option with attractive returns, tax benefits, insurance protection by the Deposit Insurance and Credit Guarantee Corporation (DICGC), and the option to borrow against the deposit. IndusInd Bank Fixed Deposits amplify these advantages by offering…
Read morePower of Compound Interest: How it Operates on Fixed Deposit (FD)
Posted on Wednesday, September 25th, 2024 |

Compound interest has the power to transform your savings and investments significantly over time. Unlike simple interest, which is calculated only on the principal amount, compound interest is calculated on both the initial amount and the interest that accumulates. This difference might look nominal but can lead to substantial growth in the value of an…
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