FD laddering is an investment strategy that involves dividing your investment amount into multiple fixed deposits (FDs) with different maturity dates. This creates a "ladder" of staggered maturities, which gives you the flexibility to access your money as needed while still … [Read more...] about What Is FD Laddering? How Is It Better Than Regular FD? | Try FD Laddering To Maximise Your Profits!
The Post Office Time Deposit Scheme is a government-backed savings scheme that offers guaranteed returns on investment. The scheme provides four different types of accounts with varying maturity dates, from one year to five years. Interest rates on post office time deposits are … [Read more...] about Post Office Time Deposit Scheme: Interest Rate, Features, Tax Benefits | Is It A Good Investment?
When someone asks me to suggest the "best bank" - I usually say I can't! It is because, everyone's purpose of choosing a bank differs. For some, having advanced technical features would be a plus. For the others, the same thing could be a minus! Some would prefer good, and … [Read more...] about How To Select The “Best Bank” In India? What Are The Factors Someone Should Consider?
Whenever we open a savings account, we might have heard of this feature called auto sweep-in. In different banks, this feature is called by different names - sweep-in account, plus account and so on. This feature can be quite useful. I explain the details about this … [Read more...] about Get A Higher Interest Rate For Your Money In Savings Account – Sweep In Or A Savings Plus Account
If you are looking into investment options, there are quite some. There are options with high risk and high returns, and also those with low risk and medium to low returns. In today's video we are going to see an investment option that will give you monthly returns. It is Post … [Read more...] about Post Office Monthly Income Scheme Details | POMIS Interest Rate, Tax Benefit
FD and RD are the most common investment and savings options among people. Even though we invest in various schemes, we still stick to one or two FDs or RDs! Recently, banks have reduced the FD interest rates pretty much and they are not very competitive as they used to … [Read more...] about Canara Bank Revised FD Interest Rates | How Can You Get Best Interest Rates For Your FD?
If you have a savings bank account with Indian Bank, you can easily open a Fixed Deposit account (FD) using mobile banking. You need not visit the bank in order to open an FD account. If you have IndPay app installed in your mobile phone, you can open a FD account in a … [Read more...] about How to open a Fixed Deposit Account FD using Indian Bank Mobile Banking app IndPay?
A Fixed Deposit is a wonderful way to keep some money saved with a higher interest rate than keeping the money in a regular savings account. Opening a Fixed deposit account is also a sign of a good savings habit. It is because you safeguard a particular amount of money that … [Read more...] about What are the types of Fixed deposit accounts available in India
If you are having a Fixed deposit account in SBI, then this post is for you. In your fixed deposit account, is there any tax deduction in the interest you are getting? Don't worry! Here is the solution and find out what you have to do for that. Tax deduction in deposit … [Read more...] about How form 15G/15H acts as tax saver for your interest and how to submit one?