Indians, in general, are known as people who like to put a portion of their earnings into savings and many of us opt to take the Fixed Deposit route to secure them. Fixed Deposits are generally considered to be fairly low-risk investments. All the same, what if something were to happen to the bank? It could close or have its license cancelled. What would happen to your Fixed Deposit then?
To invest in a Fixed Deposit or not – Is that your biggest dilemma right now? Numerous questions popping into your head and wondering where to find answers to all of them? You’re in luck because we’re going to help you tackle your confusion. We have listed the most frequently asked questions about Fixed Deposits to provide you with the answers you have been seeking.
Has the idea of the income tax department always scared you a little? All of us have heard at least one story about someone getting into trouble for not paying their taxes. And what about filing your Income Tax Return? Are you wondering what the repercussions would be if you didn’t file your return? Just read on and everything will start to look a little clearer.
When we talk about tax saving investment options in India, phrases such as ELSS, SIP and ULIP rule the roost. The average Indian is leaving no stones unturned in ensuring that his personal investment portfolio includes a mix of market linked investment products, which not only fetch him handsome returns, but also give tax benefits… Read More »
If a company needs funds for expansion, there are many avenues they can turn to. Opening corporate fixed deposits are one such option. Corporate FDs work in an investors favour as they have higher interest rates compared to bank FDs. Things to check before saying ‘Yes’ to a corporate FD A certain degree of due… Read More »
Radha and Sheela met with an accident on the way to work. Although there was no hospitalization required, the friends spent close to Rs 30,000 each, on various expenses. While Radha dipped into her savings account to pay for these expenses, Sheela sold some of her liquid funds for this amount. Both the women had… Read More »
The happiest person is the richest person, and why wouldn’t we be happy if we had Richie Rich’s mansion, safes and robot maid? ‘Being rich’ is a relative term, however, two common factors which determine the richness of a person are the amount of savings and investments. But, a 10-year delay can destroy your ‘get-rich’ plan.… Read More »
Does the very thought of applying for loans, insurance and credit cards create a huge dark cloud over your head? Do you feel demotivated upon reading the first few lines of financial jargon that seems to make sense only to lawyers and astrophysicists? Do you want to access the incredibly lucrative world of investments… Read More »