In cumulative fixed deposit, interest is compounded every quarter or year and paid at the time of maturity. In a cumulative fixed deposit FD, interest is paid out monthly, quarterly, half-yearly, or annually, as per the investor’s choice.... Read More
Fixed Deposit
Banks and Non-Banking Finance Companies offer different kinds of Fixed Deposits, to suit the investment requirements of different customers. Here’s a list of the different fixed deposit types offered. Regular FD: Deposit your money for a fixed... Read More
Yes. The interest on fixed deposit is fully taxable except in case of '5-Year Tax Saving Fixed Deposit' scheme offered by financial institutions where the investment amount gets locked for 60 months and the interest rate is also lower as... Read More
Tax deducted at source (TDS) on FD can range from 0% to 30%, depending on your income tax bracket. If your interest earned is more than Rs.10,000 in a year, the TDS deducted is: 10% if your PAN details are provided 20% if your PAN details are not... Read More
With fixed interest rate and attractive returns, Fixed Deposits are one of the most preferred investment options for most investors. Invest in a Fixed Deposit to grow your savings, with high stability and safety of principal amount. As one of the... Read More
It is important to choose the right scheme for best fixed deposit rates, based on your requirement. You have the options to get your interest at the end of your maturity period, or opt for periodic payout options. In case you’d like to tend to... Read More
What is overdraft against FD facility? You can use your FDs in multiple ways to meet financial requirements during a difficult time. Overdraft against FD is one such facility. An overdraft is a credit given to the individual against his fixed deposit... Read More
Company Fixed Deposit (Corporate FD) is a term deposit that is held over a fixed period at a fixed rate of interest. Company Fixed Deposits are offered by Financial and Non-Banking financial companies (NBFCs). The maturities of various company fixed... Read More
An NRI (Non-Resident Indian) residing in Canada can invest in the Indian stock market, but there are specific guidelines and procedures they must follow according to the Foreign Exchange Management Act (FEMA) regulations. Here's a step-by-step... Read More