Meaning and Definition

monthly income scheme

Monthly Income Scheme

Often we look for a steady source of income on a regular basis to ensure that we have a financially stable life. Moreover, such a source of income is desired by investors who are either retired or planning their retirement....

flexi fixed deposit scheme

Flexi Fixed Deposit Scheme

Fixed Deposits or FDs are one of the most popular and traditional savings instruments in India. Also, there are different types of fixed deposits offered by banks for various financial requirements. Thus, one such modified version of bank fixed deposits...

gold moneitsation scheme

Gold Monetisation Scheme

In many Indian households, there are tonnes of gold that are lying idle. To turn this unused gold into productive assets, the Government of India has launched a scheme in 1999 called the Gold Deposit Scheme (GDS). However, in the...

sweep in fd

What is Sweep In FD? How Does Sweep In FD Works?

A sweep-in FD will allow investors to invest excess funds lying idle in a bank account in a fixed deposit account to earn higher returns. Not only can they earn a higher FD rate of interest, but they can also...

fcnr deposit

FCNR Deposit

What is an FCNR Deposit? FCNR refers to Foreign Currency Non-Resident Account. Thus, FCNR account is a fixed deposit account that provides Non-Resident Indians with an option to park their foreign earnings in different banks of India. Also, this account...

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short term fd

Short Term Fixed Deposit

Fixed deposit is one the most traditional forms of investments for people in India. It encourages savings and guarantees returns in the form of interest. There are different types of fixed deposit options available for individuals to choose from. This...

fixed deposit double scheme

Fixed Deposit Double Scheme

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...

fd vs rd

Fixed Deposit FD vs RD Recurring Deposit – Benefits and Differences

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 terms of investment, tenure, interest rates and...