When planning to invest a fairly significant amount, a thorough analysis across different FD issuers is essential. This is because your eventual earnings will depend on the investment tenure and applicable FD rates. Let’s understand this better with an example. Suppose you decide to open a ₹10 lakh fixed deposit account, offering a 7.25% interest …
Fixed deposit (FD) interest rates in India fluctuate over time, largely influenced by the repo rate set by the Reserve Bank of India (RBI). However, these rates vary across banks. Generally, private sector banks offer relatively higher FD rates, while public sector banks provide lower rates. If you are seeking high returns, here is a …
Which Bank is Best for FD – Fixed Deposit Interest Rate Comparison Read More »
People often confuse savings vs investment while considering wealth creation prospects. Savings and investments differ from each other in several ways. While savings is a low-risk financial solution to grow short-term funds, investment is a relatively riskier instrument to grow long-term wealth. Learn about the differences between savings and investment to make informed decisions. What …
Saving vs. Investment: Key Differences and Why You Need Both Read More »
Figuring out where to invest money for sustained wealth creation is an area of concern for individuals of all income groups. Hence, it is crucial to learn about some of the proven ways to grow your savings over the upcoming years. Many short-term and long-term investment options are there in the market and you can …
Where to Invest Money in 2024-25: Expert Tips for Maximising Your Wealth Read More »
Government bonds are an excellent investment option for individuals looking for safe debt instruments. The Reserve Bank of India (RBI) issues these bonds on behalf of the Central Government. Several people search online on how to invest in govt bonds as they are attracted by their strong association with the credibility of the Indian Government. …
How to Invest in Government Bonds: A Step-by-Step Guide for Beginners Read More »
In today’s financial landscape, generating a steady monthly income is a priority. Whether you are looking for an alternative to your current monthly income, want to secure your future or fund your retirement, selecting a good investment plan is important. From deposits to government-backed schemes and mutual funds, each plan offers different returns and risk …
10 Best Investment Plans for Monthly Income: A Guide to Stable Returns Read More »
