Is FD a Wealth Destroyer?
Fixed Deposits are the most trusted investment options among Indian households. Nearly 95% of the Indians prefer to park their idle funds in the FDs. Why? Fixed Deposits offer the lowest returns as compared to other investment avenues. They have a specific lock-in period, and the investor needs to bear a penalty in case of ... Is FD a Wealth Destroyer?

- Samriddhi Baid
- 6 December 2023
You Will Get Rs 100/day for Unresolved Complaints Beyond 30 Days
The Reserve Bank of India released a new circular on October 26, 2023, stating that you will get ₹100 per day if your complaint against credit information companies is not resolved within 30 days. In this article, we will try to understand the implications of this rule. First, let’s understand which organisations are involved in ... You Will Get Rs 100/day for Unresolved Complaints Beyond 30 Days

- Shrestha Saha
- 5 December 2023
Does Equity Give You the Profit of Compounding?
One fine day, I chose to invest my savings worth Rs. 1 lakh in a scheme offering me 12% returns per annum. I’ll get the interest credited to my account on the 28th of every month. There is a lock-in period of 3 years, and I can extend my investment until the next 10 years. ... Does Equity Give You the Profit of Compounding?

- Samriddhi Baid
- 5 December 2023
FD Withdrawal Rules Amended: You Can Now Prematurely Withdraw Upto Rs 1 Cr
The Reserve Bank of India released a circular on 26th October 2023 stating that all fixed deposits made upto Rs 1 crore can be prematurely withdrawn. This benefit will be available for NRE/NRO term deposits as well. What does this mean? You can withdraw all your fixed deposits up to Rs 1 crore. Before the ... FD Withdrawal Rules Amended: You Can Now Prematurely Withdraw Upto Rs 1 Cr

- Shrestha Saha
- 5 December 2023