Finance Blog

Most people choose Fixed Deposits (FDs) as their investment option. Even though FD offers a fixed return and its return rate doesn’t increase or decrease as other financial instruments, it offers the highest security. The best Fixed Deposit plans that banks offer come with various perks.  What is a Fixed Deposit?  Fixed Deposits are investment instruments banks offer in which customers can invest funds for a certain period. They get multiple tenures from which they can choose the period suitable to their financial goal. Tenure also signifies the lock-in period of your FD. It means customers can only take out funds after the lock-in period ends. If they do, a penalty will apply to their FD account.  Types of Fixed Deposit Plans Following are the types of Fixed Deposit plans that you can choose for yourself:  - Regular Fixed Deposit plan  Regular Fixed Deposit plans have tenure from a minimum of seven days to a maximum of 20 years. Banks fixed these tenures, but i...

A Fixed Deposit (FD) should always be your first preference while planning investments. Identifying the financial instruments that meet the financial goals is a challenging part of financial strategy. Many financial instrument options are available to you. But an FD is a convenient option because interest rates on Fixed Deposits remain the same. Here are four reasons why opening an FD account is a common advice from most financial experts. #1 Risk-Adjustment When compared to other financial instruments, Fixed Deposits are among the safest forms of all. The FD corpus you set up is an excellent strategy to guarantee the safety of your wealth because they have low volatility. And those who are just starting with different investment possibilities should invest their money in an FD account to balance their risks and earn a guaranteed return at maturity. #2 Security The ratings issued by agencies like CRISIL can be used to evaluate the safety of the funds. The highest grade for financial i...

One of India's most popular and safe investment options is a Fixed Deposit (FD). This investment suits investors of all ages because they are considered secure and returns are redeemed quickly.  Banks raise Fixed Deposit interest rates whenever the Reserve Bank of India (RBI) raises repo rates. Though RBI has increased repo rates recently, some economists feel there is still room for the upside. Most banks have hiked their by 20-30 basis points following the repo hike. According to sources, investors can expect another 40-50 bps increases over the next two quarters.  How to Comprehend Fixed Deposits? Fixed Deposits can be a decent choice for a conservative investor who requires money in the near to medium term. Investors can employ FDs to park emergency corpus. In addition, Fixed Deposits guarantee maximum security to the deposit money.  Senior citizens generally have the lowest tolerance for risk and invest their money in safe assets like bank accounts. A Fixed Deposit ...

A Personal Loan can be your savior in event of a financial crunch. You can get instant Personal Loan to meet your personal and professional needs. It requires less paperwork and has an easy approval process. Although applying for a Personal Loan is very straightforward, managing your loan EMI could be tricky sometimes. That is why planning your repayment must be on top priority as failure to pay your EMI payments on time can severely impact your finances in the future.  Read on to know some useful tips to manage your Personal Loan EMIs: - Access Your Repayment Capability The first step towards managing EMI repayment is to ascertain your loan repayment capability. Due to the competitive scenario, it has become easy to get instant Personal Loan . However, you should take only as much as you can comfortably pay your EMI every month after meeting all your other personal expenses. Moreover, these days, a lot of lenders offer online Personal Loan EMI Calculator. You can also use this onl...