If you are puzzled with the various options of investment plans and can’t make up your mind which one to choose, let me guide you properly. Go for Fixed Deposit. The word that is best associated with Fixed Deposit is ‘safety’. There are various other benefits like secured returns, earnings through interest, and tax exemption, that you can enjoy if you opt for FD. Where can I avail these benefits? Among all the financial institutions there are only several Non-Banking Financial Companies (NBFCs) which are still offering better rate of interest to their customers and provide many additional benefits as compared to banks. Thus, if you are looking forward to investing in a FD Scheme, do not hesitate to try your luck with highly-reputed NBFCs. Tips to know about Fixed Deposit Schemes of Banks and Companies- Which One to Go For? After choosing the right financial institution, the next question will be what is the reason of declining rate of interest?
One of the major reasons for this is increased liquidity. Demonetisation has resulted in an increased cash deposit by the customers. So, there has been a cut in the rate of lending rates is proceeded by a cut in the rate for deposit. There are lots of more reasons about fixed deposit rate alternatives.
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For small time accumulation of funds for the purpose of buying commodities or utility items such as electronic appliances or a car, etc. you may depend upon savings account but not for long term investments. For long term safe and secure investments, you may consider saving account or mutual funds or fixed deposits (FDs). It is important to know how to invest. Savings account being essential is part of most of our lives, so, most people know how to open a savings account. For liquid mutual funds you may visit a stockbroker or Banks and NBFCs to get proper guidance for investing your money. As far as FDs are concerned you may find a number of Banks and NBFCs who are offering them. In fact, you may have to proper research to find the best rates available. Which one is the best for you? Before you invest it is essential to find out which one is the best possible option for you. You can do so by basing it on the Liquidity, Returns, and Investment Security: Liquidity
Investment Security
Know which one is best Fixed Deposit V/S Unit Trust From facing bankruptcy more than once to being the current president of one of the most powerful countries in the world- business tycoon, billionaire Donald Trump has a lot to teach the world. In this blog, we will discuss the financial/investment lessons he could possibly impart to us through his life and his good/bad decisions: Diversification is Important Following the success of Trump Plaza Hotel and Casino in Atlantic City, Trump invested in the other casinos in the same area with the intention of multiplying his profits. The result- profits plummeted as his own business was competing with itself. This teaches us the importance of having a diverse investment portfolio. As laymen, we can invest in multiple FDs, mutual funds and gold to maintain diversity. Want to know Everything about Non-Bank Deposits? Here it is. Taking Calculated Risks Trump Steak and Trump University bear testament to the fact that risks when taken should always be calculated. When you are considering making an investment, however minor it may be, you should always be sure to do thorough research on the same. This will help in assessing all the ups and downs the investment has. Having Practical Financial Goals Having practical financial goals helps in understanding our limitations better. This leads to better short and long term planning. To understand this better, here’s an example- An investment of $1 million made 22 years ago by Trump in a property in Wall Street is now more than $500 million in value. The Trump Tower (NY) and the Trump Hotel in Vegas are examples of smart planning. Read More: https://in.investing.com/analysis/3-financial-lessons-you-can-learn-from-donald-trumps-life-200197842?preview_fp_admin_1234=this_is_1234 Some countries are facing rising inflation, some are facing recession. But these countries too have people earning millions and billions every single day or month. SO, how come they are facing a trouble, that denotes recession or inflation. To make the situation worse, some businessmen hire highly qualified chartered accountants who save their money and help them in tax evasion. Indian government come up with the solution that the financial institutions can be the best way for a person to save on taxes, especially with options like Fixed Deposit, a person can save amount as big as INR 1 lakh by depositing them in Fixed Deposits. Here are Some Reasons for Fixed Deposits Being Better than Savings Account A FD can save a lot of money for you, as FDs guarantee stable income and safety for your money. Investments in Fixed Deposits can be beneficial for young investors as Fixed Deposits are risk averse options in comparison to the other investor’s assets like debt funds, equity funds and secure bonds. Now, the banks and NBFCs both were accounted for the FATCA and CRS for evaluation. Let’s see, what impact FATCA and CRS will have on fixed deposit.
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About Author:Aman is working in the domain of Investment management in one of the top universities. He has published research papers and case studies in Investment and Fixed Deposit marketplace. He is an avid blogger in the domain of Investment management. you can also find him on social networking platforms. Archives
August 2022
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