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Fixed deposits are the safest investment by the investors, but the returns are fixed. Investors can take a few steps to increase the interest rate from fixed deposits like: Open an account online, get fixed deposit in the parent’s name, not withdraw before a stipulated period on company deposits apply for cumulative deposits. Reasons as to why people invest in fixed deposits: Security: Safest investment as they are for a fixed period. Liquidity : Fixed deposits fulfill your short- term and medium-term needs. If the investors go for tax-saver fixed deposits, then they may be able to meet the long -term needs. No risk involved: Fixed deposits remain unaffected by market fluctuations, which makes it risk-free. The higher interest rate for senior citizens: The senior citizens are eligible for 0.5% more bank interest rate than what you are receiving  Continue Reading : Steps To Earn Higher Interest From Fixed Deposits

With the advancement in technology, people are discarding the old methods and are adopting a newer perspective towards life. This fresher perspective can be applied to every aspect of life, and one such point is fixed deposits. One can rediscover fixed deposits with a newer outlook. Some common misconceptions surround fixed deposits. It is believed that fixed deposit returns are much lower when compared to the other asset classes. This is not entirely true. The fixed deposit returns are capped, whereas other asset class returns can be more or less. It is also believed that real yields are lower for fixed deposit returns when it is adjusted to inflation. Almost all asset classes are affected by inflation, and inflation-adjusted returns are much lower. Fixed deposit investments can be spread across banks and private corporations. An individual should also look up to a mix of the tenor. Since, if one is locked up into one tenor, he/she misses other class opportunities. An individ...

Fixed deposits seem to be a massive hit among investors. It is a highly chosen investment by the investors due to obvious reasons such as guaranteed returns and easy liquidity. But, today’s fast pacing technologically advanced world has opened the gates for newer investments. One such option in front of the investors is Bitcoin investment. This investment was first launched in 2009 and has become quite popular since then. Now unlike fixed deposits, a mutual fund provides returns on the amount invested. However, it depends on the type of fund and tenure of investment. People must understand the differences among investment in Fixed Deposit, Mutual Funds, and Bitcoin, especially for retirement. While retirement, any individual seeks for secure and safe investment. Fixed deposits offer people with higher standards of security and guaranteed earnings. A fixed deposit calculator helps individuals to confirm their return. Bitcoin, on the other hand, is not secured by the Gover...

Having our first salary is indeed a good feeling. Proper management and planning, in turn, can be helpful.  Thereby we can draw out the following points that we need to have our budget sorted. Having a monthly figure for our daily budget is a good practice.  In case you are drawing out some money from your side hustle. You can use this extra money in the form of investment in an FD. Moreover, fixed deposit are associated with having good bank interest rates . With raising money comes uprising demands. With our needs, we have unpaid bills. Avoid late payment and clear your debt to make life simpler. Moreover, Insurance policies are always attached to an array of benefits serving you in the time of need.  Work-Life Balance is the key to a good life. Pursuing your passions alongside your work is a viable option.   Continue Reading : Salary credited? First 5 things to do!

Fixed Deposit is your personal saving Peggy pouch. We can get FD from both banks as well as NBFC.  Moreover, people looking for an investment with good ROI, FD can be an excellent option to consider. People can expect to have good returns on investment.  FD has a lot of benefits, and it comes in different forms : Tax Saving: For the people who are looking to save taxes on investment, securing an FD with a locking period up-to five years is considered to be a good option.  The longer the tenure, the more returns you can expect.  These days savings + FD is considered to be a good option . A Flexi plan with a cap option is good for the automatic transfer of money from savings to FD.  In the case of FD investment, people have the option of getting monthly interest rate or a lump sum amount. It is as per the flexibility of the customer.  Another option for working professionals can be opening a corporate fixed deposit. Some amount can ...

Retirement is such a period that involves proper planning. The people are often perplexed and juggling between savings or enrolling in an insurance plan.  Proper planning always helps Knowing yourself is essential. Be honest with yourself. It would help if you asked yourselves questions. What kind of life do I want to build post-retirement? How much Income would I need?  In the case of a salaried class or working professionals, don't forget to take the benefit of the company policy of retirement planning.  Keeping in mind the inflation rate is very important. So, we need to keep in mind and plan a strategy accordingly. Having a diverse investment portfolio is a good option. Having an fd, rd, and a five-year plan at the same time can be worthy. Introducing a habit of savings from a young age can be a useful habit. Ulip Plans: The safe and secure form of investment without much risk. The best part of that it involves the use of equity. Equity funds do ...