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Press ReleaseUnderstanding the Differences Between Savings and Investment
Posted on Wednesday, July 31st, 2024 |
Everyone looking forward to secure their future financially must know the definitions of savings and investments. Savings, while crucial, may not be enough. There are arguments to be made in favour of investing by those focused on long-term goals. But, what are savings and investment and how are they different? Both savings and investment form…
Read moreDifference Between Liquid Funds and Fixed Deposits
Posted on Wednesday, July 31st, 2024 |
In India, FDs and liquid funds are the top investment choices. FDs offer guaranteed returns, a safe bet for cautious investors. Liquid funds attract those seeking short-term investments with higher returns. This guide explains FDs and liquid funds, benefits, and key differences. If you find it difficult to decide between safety and returns, this guide…
Read moreUnderstanding Important Fixed Deposit (FD) Rules & Regulations
Posted on Wednesday, July 31st, 2024 |
If you are looking for secure investment options, Fixed Deposits (FDs) are often a top choice for many. Steady and guaranteed returns and high interest rates make it a preferred choice. While the promise of guaranteed returns makes FDs an attractive option, navigating the fixed deposit rules and regulations can be daunting. Investors need help…
Read moreNew Tax Regime: How Taxpayers Can Save up to ₹17,500 a Year in Income Tax
Posted on Wednesday, July 31st, 2024 |
Budget 2024, announced by Finance Minister Nirmala Sitharaman on 23 July 2024, brings several changes aimed at boosting the economy and providing relief to taxpayers. Among the various announcements, the most crucial attraction is the revamped New Tax Regime (NTR). Designed to simplify taxation, the NTR introduces higher standard deductions and revised tax slabs, which…
Read moreBudget 2024: Learn Changes in Capital Gains Tax and its Implications
Posted on Wednesday, July 31st, 2024 |
Budget 2024, presented by Finance Minister Nirmala Sitharaman, introduces significant revisions to the capital gains tax structure. Capital gains, which refer to any profit or gain arising from the sale of a ‘capital asset,’ play a crucial role in an investor’s financial planning. The tax adjustments proposed in Budget 2024 could have far-reaching implications for…
Read moreIncome Tax Slab Rates FY 2024-25
Posted on Wednesday, July 31st, 2024 |
The Indian government has announced the new income tax slabs for the financial year 2024-25 in the recent budget. This update has introduced several changes aimed at simplifying the tax structure and providing relief to taxpayers. Let’s delve into the details of the new tax regime and its implications. What is an Income Tax Slab?…
Read moreBudget 2024 Increases Capital Gains Tax: Here’s What You Need to Know
Posted on Monday, July 29th, 2024 |
Long-Term Capital Gains (LTCG) and Short-Term Capital Gains (STCG) are terms used to describe the profits earned from the sale of assets, such as equities, properties, or other investments. The classification into LTCG vs STCG depends on the holding period of the assets. For equities, if you hold an asset for over a year, the…
Read more6 Ways to Save Income Tax Under the New & Old Tax Regimes for FY 2024-25
Posted on Monday, July 29th, 2024 |
Budget 2024 has introduced three major changes that make the new, simplified income-tax regime more appealing. Do you know what they are? Finance Minister Nirmala Sitharaman has revised the income tax slabs, increased the family pension deduction to ₹25,000 from ₹15,000, and increased the standard deduction to ₹75,000 from ₹50,000 in the new tax regime….
Read moreUnderstanding Lien on Fixed Deposits: Benefits, Risks & How to Avoid It
Posted on Friday, July 19th, 2024 |
If you are looking for secure investment options, Fixed Deposits (FDs) are often a top choice for many. Steady and guaranteed returns and high interest rates make it a preferred choice. While the promise of guaranteed returns makes FDs an attractive option, navigating the fixed deposit rules and regulations can be daunting. Investors need help…
Read moreWhat is Auto Renewal in Fixed Deposit?
Posted on Friday, July 19th, 2024 |
Fixed deposits are a preferred investment instrument for Indian bank account holders. They can act as emergency funds for unplanned moments of unemployment, vacations, or high medical expenses. Typically, the money you invest is returned to you with a predetermined interest percentage after some time. Investors may compromise on the interest rate bonus in an…
Read moreBenefits of FD-Linked Savings Account
Posted on Friday, June 28th, 2024 |
In the ever-evolving landscape of personal finance, finding innovative ways to manage and grow your savings is crucial. One such financial product that has gained popularity is the FD-linked savings account. This hybrid product combines the features of a fixed deposit (FD) with the flexibility of a savings account, offering a range of benefits that…
Read moreMaximising Your Returns: Strategies for Investing in Fixed Deposits Effectively
Posted on Thursday, May 30th, 2024 |
We all have dreams and long term goals in our lives. They could be, to own a car, travel overseas for a vacation, save funds to support our children’s higher education and countless others. A savings account may aid in fulfilling these goals, but this may not be the best way to increase your savings….
Read moreSave Tax with Tax-Saver FD: Complete Guide
Posted on Tuesday, May 28th, 2024 |
Fixed Deposits (FDs) have long been considered a reliable investment avenue for individuals seeking stability and assured returns on their savings. Not only do FDs offer a secure way to grow your money, but they also come with the added advantage of tax-saving benefits under Section 80C of the Indian Income Tax Act. What makes…
Read moreUnderstanding Cumulative and Non-Cumulative Fixed Deposits (FDs)
Posted on Tuesday, May 28th, 2024 |
Fixed Deposits (FDs) are one of the most popular choices for consumers looking to earn assured high returns on their savings. FDs give you assured returns with almost no risk. But one important decision to make when investing in FDs is choosing between cumulative and non-cumulative options. So, what exactly are Cumulative and Non-Cumulative FDs?…
Read moreWhat is a Top-Up Fixed Deposit (FD) & What are its Benefits?
Posted on Monday, May 27th, 2024 |
Fixed Deposits (FDs) are investments where people can put a large part of their extra savings and see their wealth grow steadily. It is a popular investment option, but many are unaware that this unique investment option offers yet another feature called the top-up fixed deposit. If you are looking for ways to further enhance…
Read moreUnderstanding Term Deposits: A Secure Investment for Your Financial Goals
Posted on Friday, May 24th, 2024 |
Finding secure and profitable investment avenues can be challenging in a dynamic finance world. Term deposits, also known as fixed or recurring deposits, are a popular choice among risk-averse investors seeking guaranteed returns on their investments. The principal amount of a term deposit is committed for a defined maturity period. Access to the funds is…
Read moreComparing Cumulative vs. Non-cumulative Fixed Deposits
Posted on Friday, May 24th, 2024 |
Fixed deposits are a cornerstone of many investment portfolios in India. They offer a haven for your money, guaranteeing a fixed return over a predetermined tenure. But when exploring FDs, a crucial decision arises: which one to choose – cumulative vs non-cumulative fixed deposits? Understanding the distinctions between these two options can significantly impact your…
Read moreImpact of Repo Rate on Fixed Deposit Interest Rates
Posted on Friday, May 24th, 2024 |
Repo rate plays a crucial role in deciding the interest rates on loans and fixed deposits. The repo rate is the rate at which the Reserve Bank of India lends money to commercial banks to help them meet their liquidity requirements under its liquidity adjustment facility (LAF). RBI’s rate-setting committee, the Monetary Policy Committee (MPC),…
Read moreComprehensive Guide On How To Calculate Fixed Deposit Interest Rates
Posted on Friday, May 24th, 2024 |
Fixed deposit is one of the most preferred investment tools amongst low-risk appetite investors looking for safe and assured returns. Investors who want to invest in an FD need to open a fixed deposit account with a bank by providing the necessary documents. Before that, if you want to understand how the maturity amounts based…
Read moreSmart Strategies for Maximizing Savings in the New Financial Year
Posted on Monday, May 20th, 2024 |
As we usher in the new financial year, it’s an opportune time to revamp our savings strategies. Whether you’re aiming to build an emergency fund, save for a big purchase, or plan for retirement, optimizing your savings can set you on the path to financial stability and success. Here are some tips to help you…
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