Personal Blog | Financetopia

An FD is an ideal means of investment to enable one’s financial security. However, people often fail to understand its importance and its correct use, especially at the time of financial distress. In times of the credit crunch, many people will tend to break their FDs to generate funds, though this is not a wise decision to manage one’s financial crisis.  Many people are not aware of the fact that an FD can be used to take a loan. This is a convenient and feasible option that provides a variety of benefits. These are listed below: Amount of loan: The loan sanctioned against an FD is granted on 70%-95% of the Fixed deposit’s value. Thus, the loan can be quickly paid off.  Interest rate and processing fees: The interest rate and processing fees charged against a loan on FD are comparatively less because the borrower is already a customer of the Bank.  Tenure: Unlike other loans, there is no fixed tenure imposed...

Planning for retirement is tricky. However, with some research and balancing risk and safety, a good retirement plan can be made. Due to the higher interest rate for senior citizens, Bajaj fd is considered as one of the good options. Below are the steps you can take for proper retirement planning: 1. Proper Asset Allocation : There are basically three investment categories; stocks, bonds, and cash. You need to allocate your resources among them in the best possible ratio to derive maximum results. 2 . Assess Risk : Assess how much risk you can take in your investment. Different people have a 6. Maintenance of Portfoliodifferent risk appetite. 3 . The choice between Mutual Funds, ETFs, or Stocks : Invest in low-cost index stocks to achieve high profits over time. However, if you do not have sufficient knowledge of stocks then mutual funds a...

Peaceful and relaxed retirement life is a dream of most people. To achieve the best retirement life, ideally, you would like to finish your career at a sharp point. For retirement, the Fixed deposit is one of the great investment options, especially in the 60s due to the high rate of interest available for senior citizens. 4 things that you need to keep in mind when you are retiring are: 1. Make Catch-up Contribution : After retirement, you will no longer be able to contribute to your retirement account. Thus, make sure you make some extra contribution to your retirement account, especially during the last few years. 2. Calculate Social Security Benefit: Along with your retirement account, you will also have social security benefits. So, assess the amount you will receive from there and analyze whether the combined amount of your retirement account and s...