Everything You Need to Know About Deposits

The Reserve Bank of India's (RBI’s) recent decision to cut the repo rate by 25 basis points to 6.25% will have wider implications across India's financial sector. For investors, this rate cut signals the need to re-evaluate investment strategies, particularly short-term versus long-term investments. Let's examine how a repo rate cut affects various investment options.

Understanding Repo Rate Cuts

The repo rate is the rate at which the RBI lends money to banks. By cutting this rate, the RBI makes it cheaper for banks to borrow money.

Need money urgently but don't want to break your fixed deposit prematurely? A loan against FD (Fixed Deposit) lets you use your FD as collateral while retaining their investment benefits. It is one of the most convenient and affordable loan options available in India, offering the benefits of both liquidity and growth.

This comprehensive guide will help you to get a loan against a fixed deposit.

Non-Resident Indians (NRIs) looking to invest their savings in India often consider Fixed Deposits (FDs) due to their attractive interest rates and security. This guide outlines the steps and requirements for NRIs to open an FD account in India, focusing on the two primary types: Non-Resident External (NRE) and Non-Resident Ordinary (NRO) fixed deposits.

Understanding NRE and NRO Fixed Deposits

NRE Fixed Deposit:

Fixed deposits have been one of the most popular investment options for Indians. Offering reliable returns and capital protection, FDs provide a fixed income periodically, helping individuals meet their diverse financial goals. Students looking to save for higher education and working professionals wanting to build a retirement corpus find FDs ideal to park their savings. However, students and working professionals must follow certain strategies when maximising FD returns. Their financial situations and investment needs vary significantly.

A Fixed Deposit (FD) is a financial instrument banks and NBFCs provide that offers stable returns over a predefined period. It is one of the most popular investment options for Indians looking for safe and secured returns.

In India, weddings are a major event involving grand celebrations, traditions, and festivities. However, the expenses often become impossible for an average person to afford. Starting from venue bookings to catering, clothing, and decorations, the financial pressures of a wedding surely demand proper planning. Fixed deposits, being one of the most reliable investments possible, are a great place to put your money when it comes to managing your wedding expenditure.