Money in amounts as small as fifty rupees can be deposited into an account on a daily basis, by a bank agent collecting the money from the account holder’s doorstep. The scheme was introduced to help daily wage earners, small traders and farmers begin saving, as a means to fund their bigger capital requirements such as weddings or purchases […]
A fixed deposit, also known as an FD, is an investment instrument offered by banks, as well as non-banking financial companies (NBFC) to their customers to help them save money. With an FD account, you can invest a sizeable amount of money at a predetermined rate of interest for a fixed period. At the end […]
Recurring deposits (RD) provides customers with the flexibility to invest an amount of their choice each month and save money with ease. Recurring deposit accounts are offered by most of the banks and NBFC in India with tenures ranging from 1 year to 10 years. Rate of interest 6% to 7.5% per annum
A savings account is a basic type of financial product that allows you to deposit your money and typically earn a modest amount of interest. Rate of interest 4% to 4.5% per annum.
