How to Claim Fixed Deposit After Account Holder’s Death?
Fixed Deposits (FD) have been a popular investment avenue for a long time due to fixed returns and safety. However, it is important to know what happens to the FD amount if the account holder dies. Let's look at the...
Bond vs Fixed Deposit
Bonds and fixed deposits are the most popular choices among investors with low-risk tolerance levels. Also, both of these fixed income instruments offer fixed interest income to investors. However, they are different from each other on various parameters. This article...
FD vs Life Insurance Plans
Among the different financial products available in India, fixed deposit (FD) and life insurance plans are the most popular investment products. Even though a life insurance plan is an insurance product, it is perceived as an investment product for many...
Why Do Indians Prefer Fixed Deposits?
Indians prefer fixed deposits because they offer fixed and assured returns on their investments. Basically, you know what you will receive at the end of your tenure. Therefore, it becomes easy to trust and helps you plan your investments accordingly....
Fixed Deposit vs Savings Account
Every person works hard to make a living and provide the best for their families. Also, it is important to have sufficient savings to meet your immediate requirements and meet your financial goals. However, keeping all the money in a...
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Joint FD Rules
A depositor can open the fixed deposit account in his/ her name. Alternatively, Fixed Deposit can be opened by more than one individual in their own names as a joint account. The Reserve Bank of India has laid down joint...
Simple Interest Vs Compound Interest
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...