What Is a Credit Card Against Fixed Deposit?
Posted on Monday, April 22nd, 2024 |

We all long for the convenience of a credit card, but what if someone doesn’t match the eligibility criteria? Well, you can apply for a credit card against FD. You can think of it as a credit card that’s backed up by money you’ve already put aside in an FD. In this guide, we will…
Read moreOverdraft Against A Fixed Deposit – Better Than Closing It
Posted on Friday, February 23rd, 2024 |

In times of sudden financial need, individuals often resort to withdrawing their savings and investments, including Fixed Deposits (FDs), which can result in significant losses due to premature withdrawal penalties and loss of interest earnings. This dilemma poses a challenge for those seeking immediate liquidity without sacrificing their investment returns. What is an overdraft against…
Read moreHow Can Nominee Claim a Fixed Deposit After Holder’s Death
Posted on Friday, February 23rd, 2024 |

When we talk about planning our finances, we usually focus on making more money, keeping risks low, and securing what we own for the future. But sometimes, we forget about something important – what happens when the person who owns the account passes away. Dealing with the passing of a loved one is difficult, and…
Read moreFixed Deposit for Minor – Process to Open Minor FD Account
Posted on Friday, February 23rd, 2024 |

Securing a child’s future is the parents’ responsibility. It involves thoughtful planning, strategic investments, and a commitment to providing a solid financial foundation for their lives. Opening a fixed deposit account for minors allows you to systematically save money for significant milestones like education, career or marriage. Fixed deposit for children helps in shaping their…
Read moreWhy Do Senior Citizens Need Tax Saving Fixed Deposit
Posted on Friday, February 23rd, 2024 |

A peaceful retirement plan for senior citizens is vital for ensuring a fulfilling and stress-free post-career life. Such retirement depends on a sound financial plan, with several critical considerations for senior citizens. To start, establishing a budget that aligns with post-retirement needs is essential. This involves calculating daily living expenses and ensuring a comfortable standard…
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