Personal Blog | Financetopia

We all not only dream about it, but rather, it is a necessity to make oneself self-dependent.  We all focus on market rend, investment options, which is excellent and a must. Along with this, several other options need to consider: Among different investment options, fixed deposit is most durable form of investment. Firstly, health is wealth,  You must be sure that you are fit and healthy. No matter what, just don't compromise on your health. If only you are healthy, you can do other things. This is followed by having a health insurance policy.  Secondly, time management. You must note that you must manage your time wisely. With the daily core, adding a tracker for your investment is equally important Thirdly, self-confidence is so important. It would help if you were confident, sure, and firm about the decisions you take. Forty, it's ok to stretch yourself and experiment with your self. Get yourself out there and start saving. At last, self-beli...

No doubt, a fixed deposit is considered to be the most sorted after the form of investment. There are various investment options that you can look for offered by best fd rates . However, fd can be classified into two categories that are as follow : Locking FD: These FD's have a locking period, and we cannot withdraw the money before the period ends Premature FD: the investor is allowed yo to withdraw and take out the money in between the tenure Holding both the options open is good. Every single investor can choose as per their flexibility. In some cases, there is a penalty, yet in some cases, there are no charges on withdrawal. It varies from bank to bank. For the people who own a Corporate Fixed Deposit : 1)Withdraw money before three months would not yield any interest 2)Withdrawing money post six months will generate interest rate minus 2 % the actual amount 3)Keep in mind the following points at the time of noting a premature withdrawal 4)Reduced Interest rate: In case o...

Looking at our current trend of the economy, there are a lot of fluctuations. We cannot live without savings, though. Therefore, making a conducive choice is very important. Fixed Deposit is one of that plan which offers good return. You can expect to get good fixed deposit rates in India and better opportunities.  Some of the points that every investor should keep in mind : 1)Amount of Capital : How much is the total money you would wish to invest, save, or borrow? \ A short term or a long term investment? You need to create your portfolio and answer all these questions. 2) Learning and grooming : Equip yourself and polish your skills. Read as much as you can. Research well, talk to people, compare and undertake a survey before making a final decision.  3)Market trend: Keep a note on the stocks, bonds, shares, and other factors. Keep track of the entire direction of the market. 4) Single path: Take small steps. Don't jump and wait to see the...

What is a fixed deposit? Is this a good investment option for you? What is the procedure to open a fixed deposit? What are its pros and cons? These questions and more are addressed in the article.  An FD is a popular means of depositing your money. It is simple, safe, and secure. You can make a lump sum deposit of any amount for any tenure. Depending on the amount you deposit, you can save on income tax too. A higher mandate ensures better returns in case of an FD, as the fd interest rate is a function of deposit tenure. Banks and post offices offer FD schemes. The interest rates vary. One can compare the interest rates and choose a bank with the best interest rate.  There are two ways to open an FD – online and offline. If you have activated the internet banking facility for your bank account, the online method can be followed. You can choose from the deposit schemes provided by your bank through your online account. Otherwise, you can want to do it offli...

Most often, people are attracted by fixed deposits. The high power of giving returns, flexible tenure, high fd rates and flexibility makes it an attractive option.  Let us look at some of the points to keep in mind while investing in a fixed deposit Having a mixed portfolio Choosing the plan as per your goals and roles Maintaining a proper record Timely payment Research about the market, self-study. Also, we note to take into consideration the rate of inflation.  Don't break your fd before time Insurance of your fd policy  As a result, at last, we can conclude that opening and having an fd account is very important, provided we follow all the steps.  Continue Reading :  What Mistakes Should You Avoid While Investing In Fixed Deposit?

Finally, the time is approaching. Don't need to feel apprehensive or scared. Retirement can be the most fully experienced phase of your life. A complete detail about all the bank interest rates is must. With smart planning, you can achieve all your financial goals.  Let us brief down this into three steps 1) Goal Setting : You need to specify what exactly your goals are. Be it travel, renovation of the house, a gift to children, or any wish that you want to make right.  2) Fund planning : Decide on the factors such as what will be your fund distribution strategy. Keeping in mind retirement, income growing funds can yield to more beneficial in comparison to growth funds. Pension Fund's cab is the best example.  3) inflation: The spur in the market rate can't be ignored. It would help if you got more income than what you are currently getting. There is inflation, which means there will be a hike.  Go head with safe and smart retirement plann...

Opening a Fixed Deposit Account is an added benefit. Specifically, when it comes to investing in our child's life, having some bonus is a must.  Moreover, the returns and fixed deposit interest rates are quiet well. Types of Saving Plans :  Education : Start as early as a toddler. You can start as a child's fd and then later convert it into normal fd. Once the child becomes 18+, the child can use that money for his education. Marriage : we all are waiting for a well-awaited day. All the parents love their children and want to do the best for their children. Saving and investing money for marriage is a great plan.  Entrepreneurship : The kids are your rising stars. Save money for business. From capital raising to infrastructure, followed by so many things. A saving plan can be a savior.  Smart Planning - Smart Investment Plan and invest by using a smart strategy : Open multiple fixed deposits account and distribute your funds.  ...