HSBC Bank offers higher fixed deposit interest rates than their savings bank account. The interest rates range between 2.85% to 7.25% for regular citizens for a tenure of seven days to five years. Senior citizens get an additional 0.5% on...

Fixed Deposits or FDs are one of the most popular savings instruments in India. Investment in FD can be done for a few weeks to few years at a fixed interest rate. In this article, we will look at the...

Investors dream of growing their wealth at minimum risk. They look for ways to double their money and try multiple ways to achieve it. But, it is impossible to double a person’s investment in a very short span with minimal...

Difference Between Fixed Deposit and Recurring Deposit Both the fixed deposit and recurring deposit are investment options that encourage savings and guarantee returns in the form of interest. However, there are several differences between FD and RD. They differ in...

Fixed deposits are the most popular and sought-after investment options in India. Investors have the freedom to choose the investment amount and tenure of the deposit. However, investors need to withdraw their investments earlier than intended to meet certain emergencies....

Interest is calculated on the investment or loan taken. There are two ways one can calculate interest. The two ways are simple interest (SI) and compound interest (CI). Simple interest is basically the interest on a loan or investment. It...

In the current age, having a bank account is essential. Moreover, all financial subsidies given by the government are also routed through bank accounts. Also, the financial inclusion initiatives taken by the government have ensured almost all citizens have a...

Just married? Life is all bliss and you are all excited about being married. But once the stage of euphoria ends starts the actual married life. There will be a lot of adjusting from both sides. Adjusting also includes finances....