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
Recurring Deposit (RD) Small Savings Scheme
Recurring Deposit is most popular Small Saving Scheme in India. In small cities and towns, you will not find even a single household without Recurring Deposit or RD Account (Recurring Deposit account is popularly known as RD). When i was kid, on 5th of every month my mother used to give me Rs 500 and her Recurring Deposit Passbook to be handed over to the Post Office agent. On 10th of every month, i used to collect it back with an entry for the month in Recurring Deposit Passbook. Recurring Deposit is blessing in disguise for small investors. Recurring Deposit can be opened with an investment ... Read More
Tax Saving FD
Tax Saving FD (Fixed Deposit) is another popular tax saving scheme for risk averse investors. As financial year is coming to an end and its time for income tax investments therefore based on request from my readers i am writing posts related to income tax savings schemes. This article on Tax Saving FD is third in series as i received 3rd highest queries on this particular tax saving scheme. Prime facie Tax Saving FD looks very lucrative investment option to save Income tax under section 80C but we have to take 360 degree approach. The biggest advantage of Tax Saving FD is its maturity ... Read More