NEWS & ADVICE : FIXED DEPOSITS
For what purpose do you want to invest in an FD?
By Neelima Shankar
Print    Email    RSS   

Time period flexibility

Most of us take a fixed deposit for a specific goal which could be anything from purchase of an expensive item to child's marriage. These plans might get postponed and the depositor might want to extend the tenure of his FD. In such a scenario, the depositor can wait for the deposit to mature and then reinvest it. But there cannot be surety of interest rate in the future. Some banks have started providing FD options that allow a depositor to extend the tenure without major changes in other conditions.

Breaking deposits

Multiple deposits of smaller denominations can lead to a large amount of paperwork. This is usually done by investors who need money at various stages in future. They are reluctant to deposit everything in bulk to avoid breaking the deposit later.

As a solution to this, banks have introduced products where a bulk deposit is divided into deposits of smaller denominations as per the investor's requirements. Such deposits have a higher earning benefit.

 


Page    | 123 |
(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
The new avatar of savings account would...
Haven’t filed a return of your income?...
J&K Bank raises PLR
Sweep in to Auto Sweep savings A/c
Know about corporate fixed deposits


my sbi tdr/stdr no.xxxxx355102 dated 12/05/2011 ,...
what is the max amount a individual can fixeddeposit...
e-Challan details for payment of tax liable from...
I was deposit Rs,200000,00 by Mis self sbi saving...
I want check my saving account details...
HOW MANY YEAR DUBBLE MY FIXED DEPOSIT ON S,B,I

NEWS THIS WEEK
ICICI bank and Vodafone launched M-pesa service in Andhra Pradesh Apr 24, 2014
Biggest blood donation drive ever organized by HDFC bank. Apr 22, 2014
ICICI bank scaling up the number of automated branches Apr 21, 2014
New deposit product – Anupama rolled out by SBT Apr 9, 2014
ICICI bank lodged FIR for the fake currency notes Apr 9, 2014
News Archive