When it comes to the question of investing life savings on to something reliable, fixed deposits have been the first choice for most Indians. This isn’t just because they’re safe, but also because they promise a decent rate of return. If you choose to invest with a credible institution, there’s the added security of that as well.
In general, it can be observed that NBFCs are slowly replacing banks in being a more popular destination for fixed deposit investments.
The year 2017 has become a turning point for the Indian economy. As announced in the Budget 2017, incomes exceeding the threshold of INR 3 lakhs are liable for a tax payment which is a relief for people who come under this income bracket. Previously, the threshold was INR 2.5 lakhs which has currently increased by INR 50,000. However, the situation for taking a fixed deposit (FD) is quite different. Besides the income, you are also charged with tax on the FD returns which...
The monetary market fluctuates quite often and any new investor as well as seasoned investor would advise you to opt for the less risky option of all the financial investments – the fixed deposit. It is easy, comfortable and you can even learn how to invest in fixed deposit online without getting out of your chair.
What’s not to like?
Well, various factors influence Fixed Deposit rate, not just the time period and amount. In fact, you would be surprised to note the amount of...
The steps you take today will shape up your tomorrow. We all know that preparedness is the key to secure our financial future. It’s very important to be ready for the future, especially for women who are on a path to achieve complete independence.
Monster Salary Index (MSI) data showed that women earned 25% less in India, as compared to their male counterparts. In addition to this wide income-gap, women are also found to have saved less for their retirement than men. Pairing these...
Every year people buy and sell properties in the United Kingdom. However, during the process, one has to transfer the property whether commercial and residential from one legal title holder to another legal title holder. However, the process is known as the conveyancing process in the UK. Since the process is legal and is mostly managed by the solicitors,they charge for completing the conveyancing process. Thisprice is considered one of the major elements of the conveyancing cost. However, the...
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