Reviewing or balancing your investments is a smart practice at the start of every new financial year. This ensures that your money works as hard as you, and earns returns that will help you achieve personal goals, such as getting one step closer to retirement or buying an asset. Right from popular term deposits, time deposits, and market-linked savings to investing in gold, currencies, etc., the list of investment options available to you is long. So, rather than basing your investment choices on pre-conceived notions or hearsay,adopt an updated and organised method to choose the most ... Read More
Unbreakable Bank Fixed Deposit
Unbreakable Bank Fixed Deposit as the name suggests cannot be withdrawn prematurely. In other words, people cannot break their bank fixed deposit before the end of maturity period. Reserve Bank of India has allowed the banks to offer Unbreakable Bank Fixed Deposit at higher interest rate. It will provide an option to earn higher interest to people who don't need funds for certain period. Unbreakable Bank Fixed Deposit is not a new concept. It is being borrowed from more mature markets. In India, Fixed Deposit means fixed interest rate but actually it is term deposit i.e. deposit for fixed term ... Read More
Bank Fixed Deposits – Park Contingency Funds
Fixed Deposit or popularly known as FD is not an Investment tool in Personal Finance dictionary. At the same time FD is one of the most popular saving scheme for all Indians. Personally, i never believed in comparison of different financial products like Fixed Deposit vs Debt Mutual Funds or Fixed Deposit vs Recurring Deposit. Each Financial Product is unique in nature and serves to particular segment of investors. Depending on the financial need, we can select particular Financial Product. Please remember that one size doesn't fit all. Its a no-brainer that Fixed Deposit can be opened in ... Read More