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.
Get More Info: https://stumpblog.com/fixed-deposits-pre-existing-accounts/
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.