FAQs

In this section you will find answers to frequently asked questions on life, health, travel and home insurance, savings, loans, mortgages and personal finance.

Savings (1)

Fixed deposits are also called term deposits. These accounts are fixed in terms of tenure, interest rates and the amount of deposits. These deposits are the most suited for people who have a low risk appetite and want their money to be invested in fairly risk free instruments for a defined period of time. Typically, the higher the tenure of your deposit, the higher is the interest rate offered by banks. Most banks also offer an additional benefit in terms of a higher interest rate to senior citizens (age greater than 60 years).

Category: Deposits

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Deposits (1)

Fixed deposits are also called term deposits. These accounts are fixed in terms of tenure, interest rates and the amount of deposits. These deposits are the most suited for people who have a low risk appetite and want their money to be invested in fairly risk free instruments for a defined period of time. Typically, the higher the tenure of your deposit, the higher is the interest rate offered by banks. Most banks also offer an additional benefit in terms of a higher interest rate to senior citizens (age greater than 60 years).

Category: Deposits

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

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