ShashankBhaskar's articles Inspired Perfumes: Affordable Alternatives to Luxury Brands Inspired perfumes, also known as clone perfumes or impression fragrances, are scents crafted to emulate the aroma of popular luxury fragrances. June 17, 2024June 17, 2024 Saving Bookmark this article Bookmarked How does a Mutual Fund portfolio work in India? This article delves into how Mutual Fund (MF) portfolios work in India. October 30, 2023October 30, 2023 Saving Bookmark this article Bookmarked Understanding RD interest rates and taxation Recurring Deposits are a popular investment option. They serve as a secure and systematic way to save money over time. An important factor that makes them attractive is the interest earned on their deposits. However, if you do not know much about the same and the applicable taxation policies, here is a quick guide covering […] October 18, 2023October 18, 2023 Saving Bookmark this article Bookmarked Key aspects of Recurring Deposits Saving money is crucial for ensuring financial stability. It serves as a protective buffer for your future and provides essential support during unforeseen emergencies. Recognising the importance of saving, banks offer investment opportunities that assist you in accumulating wealth. An excellent example of this is the Recurring Deposit Account. It is a Term Deposit that lets […] October 18, 2023October 18, 2023 Saving Bookmark this article Bookmarked Your guide to converting foreign currencies into INR Currency conversion is a common concern for many individuals in India, whether for international travel, online shopping, or business transactions. Currency converters are invaluable tools that empower individuals to determine the equivalent value of their money quickly and accurately in foreign currencies. They provide real-time exchange rates, making it easier for people to make informed […] October 18, 2023October 18, 2023 Saving Bookmark this article Bookmarked What are the different accounts an NRI can open in India? When residing outside your home country, it can get challenging to manage your finances in India as well as overseas. This is especially true if you are unaware of the available options. As a Non-Resident Indian (NRI), you have different banking needs. You can open different types of Bank Accounts in India. In this article, […] October 17, 2023October 17, 2023 Saving Bookmark this article Bookmarked Beneficial Reasons to Consider Investing in the Money Market This article explores several compelling reasons to consider investing in the Money Market. October 11, 2023October 11, 2023 Saving Bookmark this article Bookmarked Here is what you need to know about a Fixed Deposit Insurance It all comes down to money. It is a harsh reality of life. You need money to take care of utility bills and afford luxuries. You need money to start and scale your dream business. When discussing means of earning money, professional activities is a good idea. Professional activities undoubtedly let you earn a handsome […] September 15, 2023September 15, 2023 Saving Bookmark this article Bookmarked What is a Fixed Deposit receipt? For many, professional activities are the primary source of income. It could be for you too. You work tirelessly for career advancement. Your income increases as you grow in your career, but so do your needs and desires. Soley relying on your monthly income is a big mistake. You should look for other means of […] September 15, 2023September 15, 2023 Saving Bookmark this article Bookmarked Know How Car Insurance Premium is Estimated? As a car owner, knowing how much premium you will have to pay to insure your car is essential. Before buying your car insurance, you should run online research and compare various car insurance plans offered by different insurers. The coverage offered by the car insurance plan and its premium are the two key aspects that […] September 15, 2023September 15, 2023 Saving Bookmark this article Bookmarked A Guide to Handling Travel Money in India India is an excellent country for travel to see the diversity of cultures and its epic sites. While the influx of travellers worldwide has increased, they also require enough money to survive in another country. You should know the currency of the country you travel to and arrange for funds accordingly. Indian Rupee, or INR, […] September 11, 2023September 11, 2023 Saving Bookmark this article Bookmarked What Services Are Accessible under NRE Accounts? Money is a precious and important aspect of life. Nobody can live without them. We should use these resources wisely as they never return once people spend them. Everyone should value and respect money and remain prepared for every challenge in life. Finance has helped people overcome and tackle the deepest challenges without sacrificing their […] September 10, 2023September 10, 2023 Saving Bookmark this article Bookmarked Exploring the Features and Benefits of Premium Banking In a rapidly evolving financial landscape, people with substantial assets seek banking solutions beyond the conventional. Enter Premium Banking, a tailored approach offering exclusive features and benefits catering to the unique needs of high-net-worth clients. Let us explore the key features and advantages that make Premium Banking a compelling choice for those seeking an elevated […] September 6, 2023September 6, 2023 Saving Bookmark this article Bookmarked Premium Savings Account: Features, Benefits, and Eligibility A Bank Account is a necessity. You need it to meet every small and big banking requirement. You can explore different types of Banking Accounts. Check your banking requirements and open a suitable account. Savings, Current, and Salary Accounts help meet your daily banking requirement. Over the years, Savings Account has been a basic […] August 16, 2023August 16, 2023 Saving Bookmark this article Bookmarked NRO Fixed Deposits: Features You Must Know! The Non-Resident Ordinary Account is a rupee-denominated account which NRIs can open to manage their income in India. You can hold the account jointly with any resident Indian. While Fixed Deposits offer higher interest than Savings Accounts, opening both for a financially secure future is necessary. An NRO FD offers guaranteed returns as interest at low risk. […] August 16, 2023August 16, 2023 Saving Bookmark this article Bookmarked Recurring Deposit: What are its features? Of the many financial products available in the investment market, an RD is one of the oldest, most popular, and time-tested investment options. It is a non-market-linked investment, which means it is free from capital market risk and fluctuations. Your money remains safe, and you get it as promised. A Recurring Deposit is a savings-cum-investment account offered by […] August 14, 2023August 14, 2023 Saving Bookmark this article Bookmarked Benefits of investing in RD explained! Recurring Deposits are one of the financial instruments offering steady income gains without risks. Benefits include higher interest than Savings Accounts, almost zero risk, and safety. These are beneficial to achieve short to medium-term financial goals such as paying children’s fees. Almost every bank offers this product. A Recurring Deposit is where customers can invest money in […] August 14, 2023August 14, 2023 Saving Bookmark this article Bookmarked Enjoy a Host of Exclusive Privileges with a Premium Account Earlier, a standard Savings Account with its basic features could meet your needs. Today, customers need enhanced banking services that match their growing financial and lifestyle aspirations. This is when a Premium Account can be a boon and take a conventional account a step ahead. What is it? A Premium Account is a specialised Savings Account packed […] July 17, 2023July 17, 2023 Saving Bookmark this article Bookmarked How does a premature withdrawal impact FD interest earnings? Finance is an important aspect of our life. You need money to lead a comfortable life. You need money to check them off your bucket list and to secure the future of your loved ones. Your profession is undoubtedly the primary means of earning money. However, it is not the only one. Investments are a […] July 14, 2023July 14, 2023 Saving Bookmark this article Bookmarked Understanding Recurring Deposits taxation policies From a young age, our parents encouraged us to save. They would get you a fancy piggy bank and ask you to chip in regularly. They would ask you to save a reasonable sum you received on your birthday and other occasions from well-wishers. After a brief span, you could use the piggybank money to […] July 14, 2023July 14, 2023 Saving Bookmark this article Bookmarked What Are the Different Ways to Convert Euro to INR? Approximately 50 countries form the European Union. All European countries draws innumerable travellers and immigrants every year. The number of travellers and immigrants could increase in the coming time. If you get an opportunity to travel or immigrate to Europe, you should make the most of it. Europe promises a life-changing experience for all. If […] July 12, 2023July 12, 2023 Saving Bookmark this article Bookmarked NRE Account and Its Benefits Everyone always requires money, especially in unfavourable conditions. You should have enough funds to meet your requirements. It is safer to remain prepared for most financial conditions and start saving today. Living in India or elsewhere, you cannot survive without savings and earnings. Funds generated overseas in other currencies get transferred to India in Indian […] July 11, 2023July 11, 2023 Saving Bookmark this article Bookmarked NRE Accounts: Cash Deposit Limits and Permissible Credits As an Indian living away from home, you may have lingering ties to India through family members, Bank Accounts, investments, property, etc. But no matter what corner of your world, you can meet your financial obligations with Non-Resident Indian or NRI Accounts. They are ideal for investing foreign income in India. Being up-to-date with the […] June 30, 2023June 30, 2023 Saving Bookmark this article Bookmarked Tips for Enjoying Easy Currency Exchanges Currency exchange is converting one country's currency into another country's currency. It is a common practice for those who travel internationally and businesses that deal with international trade. However, the rules for currency exchange vary depending on the country and the regulations in place. For example, converting USD to INR may differ entirely from converting SGD to […] June 16, 2023June 16, 2023 Saving Bookmark this article Bookmarked Nro Account: Smart Solution for Nris to Deposit Their Indian Income While non-resident Indians reside, study, or work abroad, they may still have income sources in India. These may include rental income from a property they own in India, dividends from Mutual Funds, interest income from Fixed Deposits in India, and more. Hence, they need a Bank Account to deposit all their income that originates in […] June 16, 2023June 16, 2023 Saving Bookmark this article Bookmarked What Is Wealth Management? Individual wealth creation requires adequate planning, research, and suitable wealth products. Since everyone has diverse needs and aspirations, you require specialised assistance and advice to manage your wealth. Banks nowadays offer various services to customers besides keeping their wealth safe and attracting interest. Wealth Management is an investment advisory practice including different financial disciplines, like investor portfolio management […] June 14, 2023June 14, 2023 Saving Bookmark this article Bookmarked Why is Recurring Deposit an excellent investment option for salaried individuals? As a salaried individual, you would be living your life pay cheque to pay cheque. Everything may be going perfectly for now. However, there is no certainty of the future. The most recent example is the pandemic. Several people faced pay cuts and were even laid off. You should have a lifeboat ready for such […] June 6, 2023June 6, 2023 Saving Bookmark this article Bookmarked Smart tips for investing in Fixed Deposits Deciding to invest and choosing the right investment instrument is on an equal footing nowadays. Making suitable investments takes you closer to achieving your goals and assures financial security. Hence, you should actively invest. When it comes to choosing a good investment instrument, several options exist. A Fixed Deposit is the finest investment to consider strongly. It […] June 6, 2023June 6, 2023 Saving Bookmark this article Bookmarked How to Choose the Best Remittance Service for Your Needs? With many Remittance services available today, choosing the best for your needs can be challenging. Whether you send money to family or friends, pay for services, or make a business transaction, there are several factors to consider when selecting a Remittance service. So, here are tips to help you choose the best service provider: […] May 15, 2023May 15, 2023 Saving Bookmark this article Bookmarked A basic guide to using an RD Calculator When planning for your dream vacation, buying a gadget, or any other coveted purchase, a little planning and savings go a long way. Additionally, opening an RD Account and depositing a fixed sum regularly can help your dreams become a reality. A Recurring Deposit, or RD, is a popular investment tool in India. It is considered safe […] May 15, 2023May 15, 2023 Saving Bookmark this article Bookmarked Know the differences between a Fixed and Recurring Deposit Among the many financial options available in India, Term Deposits have been a popular choice among investors. They are considered secure, convenient to open and handle, and offer assured returns to depositors. Several banks and financial institutions offer Term Deposits, which are available in two types: Fixed and Recurring Deposits. What is an FD? An FD refers […] May 15, 2023May 15, 2023 Saving Bookmark this article Bookmarked NRI Banking: A Comprehensive Guide to Managing Money From Abroad As a non-resident Indian, managing finances and banking from abroad can be overwhelming. However, you need to stay on top of your finances to ensure your money is secure and your financial goals are met. This comprehensive guide covers everything to know about NRI Banking and managing your money from abroad. How to open an […] May 12, 2023May 12, 2023 Saving Bookmark this article Bookmarked Everything to Know About Money Market Funds Making suitable investments is important. They assist in meeting various goals, achieving a better lifestyle, and securing your financial future. Hence, you should actively invest. Furthermore, choosing the right investment option is more important. Today, there are innumerable investment options. Opt for an option that fits your investment profile the best. If you are a […] May 11, 2023May 11, 2023 Saving Bookmark this article Bookmarked Tax Implications on Money Transfers From the USA to India India is a leading remittance recipient in the world and received more than USD 12 billion in 2019 alone from the US. Hence, it is evident that people living and working in the USA remit a considerable chunk of money every year. For example, non-resident Indians who are working abroad may need to send money […] April 18, 2023April 18, 2023 Saving Bookmark this article Bookmarked How Is an NRO Deposit Useful? A non-resident Indian with a stipulated income source domestically must open a Non-Resident Ordinary or NRO Account to deposit it. Any person residing for more than 120 days abroad with less than 365 days stay in four previous years in India is declared an NRI as per the Union Budget 2020’s proposal. NRIs can opt for […] April 18, 2023April 18, 2023 Saving Bookmark this article Bookmarked Frequently asked questions about a Recurring Deposit Banks and financial institutions offer various investment options to their customers and a Recurring Deposit is the most popular option. They are a preferred choice since they carry no risk and provide a guarantee of assured returns. However, if you are clueless about what an RD is, these questions will answer your queries. What are Recurring Deposits […] April 17, 2023April 17, 2023 Saving Bookmark this article Bookmarked Opening a Recurring Deposit? Use an online calculator Opening Recurring Deposits is like running a marathon. Just as participating in a marathon requires consistent hard work, an RD calls for regular deposits of a fixed sum to help you fulfil your financial goals. It is a versatile investment option and a popular choice among investors belonging to various age and income groups. How […] April 17, 2023April 17, 2023 Saving Bookmark this article Bookmarked 5 Types of Premium Banking Services to Know About The evolution of technology and economic conditions has greatly influenced our financial landscape, resulting in significant changes in our banking requirements. Standard banking products that once met our needs are no longer adequate to meet our evolving demands. In response to this shift, the idea of Premium Banking has emerged as a more advanced version of banking, […] April 13, 2023April 13, 2023 Saving Bookmark this article Bookmarked What Is an FCNR Deposit Account? As a non-resident Indian living overseas, you have several options to invest your funds in India and earn significant returns. One such instrument is a Foreign Currency Non-Resident Deposit Account. What is it? An FCNR Deposit enables NRIs to invest the money they earn overseas directly in foreign currency and earn attractive returns. Eligible currencies are decided […] March 17, 2023March 17, 2023 Saving Bookmark this article Bookmarked Grow Your Money Safely With an NRI Fixed Deposit A Fixed Deposit is a lucrative and safe option that allows you to grow your money. While general FDs cater to domestic consumers, as a non-resident Indian living and working abroad, you can choose an NRI FD to deposit your money and earn a higher interest. This financial product is provided by most banks across […] March 17, 2023March 17, 2023 Saving Bookmark this article Bookmarked Loading Load more
Inspired Perfumes: Affordable Alternatives to Luxury Brands Inspired perfumes, also known as clone perfumes or impression fragrances, are scents crafted to emulate the aroma of popular luxury fragrances. June 17, 2024June 17, 2024 Saving Bookmark this article Bookmarked
How does a Mutual Fund portfolio work in India? This article delves into how Mutual Fund (MF) portfolios work in India. October 30, 2023October 30, 2023 Saving Bookmark this article Bookmarked
Understanding RD interest rates and taxation Recurring Deposits are a popular investment option. They serve as a secure and systematic way to save money over time. An important factor that makes them attractive is the interest earned on their deposits. However, if you do not know much about the same and the applicable taxation policies, here is a quick guide covering […] October 18, 2023October 18, 2023 Saving Bookmark this article Bookmarked
Key aspects of Recurring Deposits Saving money is crucial for ensuring financial stability. It serves as a protective buffer for your future and provides essential support during unforeseen emergencies. Recognising the importance of saving, banks offer investment opportunities that assist you in accumulating wealth. An excellent example of this is the Recurring Deposit Account. It is a Term Deposit that lets […] October 18, 2023October 18, 2023 Saving Bookmark this article Bookmarked
Your guide to converting foreign currencies into INR Currency conversion is a common concern for many individuals in India, whether for international travel, online shopping, or business transactions. Currency converters are invaluable tools that empower individuals to determine the equivalent value of their money quickly and accurately in foreign currencies. They provide real-time exchange rates, making it easier for people to make informed […] October 18, 2023October 18, 2023 Saving Bookmark this article Bookmarked
What are the different accounts an NRI can open in India? When residing outside your home country, it can get challenging to manage your finances in India as well as overseas. This is especially true if you are unaware of the available options. As a Non-Resident Indian (NRI), you have different banking needs. You can open different types of Bank Accounts in India. In this article, […] October 17, 2023October 17, 2023 Saving Bookmark this article Bookmarked
Beneficial Reasons to Consider Investing in the Money Market This article explores several compelling reasons to consider investing in the Money Market. October 11, 2023October 11, 2023 Saving Bookmark this article Bookmarked
Here is what you need to know about a Fixed Deposit Insurance It all comes down to money. It is a harsh reality of life. You need money to take care of utility bills and afford luxuries. You need money to start and scale your dream business. When discussing means of earning money, professional activities is a good idea. Professional activities undoubtedly let you earn a handsome […] September 15, 2023September 15, 2023 Saving Bookmark this article Bookmarked
What is a Fixed Deposit receipt? For many, professional activities are the primary source of income. It could be for you too. You work tirelessly for career advancement. Your income increases as you grow in your career, but so do your needs and desires. Soley relying on your monthly income is a big mistake. You should look for other means of […] September 15, 2023September 15, 2023 Saving Bookmark this article Bookmarked
Know How Car Insurance Premium is Estimated? As a car owner, knowing how much premium you will have to pay to insure your car is essential. Before buying your car insurance, you should run online research and compare various car insurance plans offered by different insurers. The coverage offered by the car insurance plan and its premium are the two key aspects that […] September 15, 2023September 15, 2023 Saving Bookmark this article Bookmarked
A Guide to Handling Travel Money in India India is an excellent country for travel to see the diversity of cultures and its epic sites. While the influx of travellers worldwide has increased, they also require enough money to survive in another country. You should know the currency of the country you travel to and arrange for funds accordingly. Indian Rupee, or INR, […] September 11, 2023September 11, 2023 Saving Bookmark this article Bookmarked
What Services Are Accessible under NRE Accounts? Money is a precious and important aspect of life. Nobody can live without them. We should use these resources wisely as they never return once people spend them. Everyone should value and respect money and remain prepared for every challenge in life. Finance has helped people overcome and tackle the deepest challenges without sacrificing their […] September 10, 2023September 10, 2023 Saving Bookmark this article Bookmarked
Exploring the Features and Benefits of Premium Banking In a rapidly evolving financial landscape, people with substantial assets seek banking solutions beyond the conventional. Enter Premium Banking, a tailored approach offering exclusive features and benefits catering to the unique needs of high-net-worth clients. Let us explore the key features and advantages that make Premium Banking a compelling choice for those seeking an elevated […] September 6, 2023September 6, 2023 Saving Bookmark this article Bookmarked
Premium Savings Account: Features, Benefits, and Eligibility A Bank Account is a necessity. You need it to meet every small and big banking requirement. You can explore different types of Banking Accounts. Check your banking requirements and open a suitable account. Savings, Current, and Salary Accounts help meet your daily banking requirement. Over the years, Savings Account has been a basic […] August 16, 2023August 16, 2023 Saving Bookmark this article Bookmarked
NRO Fixed Deposits: Features You Must Know! The Non-Resident Ordinary Account is a rupee-denominated account which NRIs can open to manage their income in India. You can hold the account jointly with any resident Indian. While Fixed Deposits offer higher interest than Savings Accounts, opening both for a financially secure future is necessary. An NRO FD offers guaranteed returns as interest at low risk. […] August 16, 2023August 16, 2023 Saving Bookmark this article Bookmarked
Recurring Deposit: What are its features? Of the many financial products available in the investment market, an RD is one of the oldest, most popular, and time-tested investment options. It is a non-market-linked investment, which means it is free from capital market risk and fluctuations. Your money remains safe, and you get it as promised. A Recurring Deposit is a savings-cum-investment account offered by […] August 14, 2023August 14, 2023 Saving Bookmark this article Bookmarked
Benefits of investing in RD explained! Recurring Deposits are one of the financial instruments offering steady income gains without risks. Benefits include higher interest than Savings Accounts, almost zero risk, and safety. These are beneficial to achieve short to medium-term financial goals such as paying children’s fees. Almost every bank offers this product. A Recurring Deposit is where customers can invest money in […] August 14, 2023August 14, 2023 Saving Bookmark this article Bookmarked
Enjoy a Host of Exclusive Privileges with a Premium Account Earlier, a standard Savings Account with its basic features could meet your needs. Today, customers need enhanced banking services that match their growing financial and lifestyle aspirations. This is when a Premium Account can be a boon and take a conventional account a step ahead. What is it? A Premium Account is a specialised Savings Account packed […] July 17, 2023July 17, 2023 Saving Bookmark this article Bookmarked
How does a premature withdrawal impact FD interest earnings? Finance is an important aspect of our life. You need money to lead a comfortable life. You need money to check them off your bucket list and to secure the future of your loved ones. Your profession is undoubtedly the primary means of earning money. However, it is not the only one. Investments are a […] July 14, 2023July 14, 2023 Saving Bookmark this article Bookmarked
Understanding Recurring Deposits taxation policies From a young age, our parents encouraged us to save. They would get you a fancy piggy bank and ask you to chip in regularly. They would ask you to save a reasonable sum you received on your birthday and other occasions from well-wishers. After a brief span, you could use the piggybank money to […] July 14, 2023July 14, 2023 Saving Bookmark this article Bookmarked
What Are the Different Ways to Convert Euro to INR? Approximately 50 countries form the European Union. All European countries draws innumerable travellers and immigrants every year. The number of travellers and immigrants could increase in the coming time. If you get an opportunity to travel or immigrate to Europe, you should make the most of it. Europe promises a life-changing experience for all. If […] July 12, 2023July 12, 2023 Saving Bookmark this article Bookmarked
NRE Account and Its Benefits Everyone always requires money, especially in unfavourable conditions. You should have enough funds to meet your requirements. It is safer to remain prepared for most financial conditions and start saving today. Living in India or elsewhere, you cannot survive without savings and earnings. Funds generated overseas in other currencies get transferred to India in Indian […] July 11, 2023July 11, 2023 Saving Bookmark this article Bookmarked
NRE Accounts: Cash Deposit Limits and Permissible Credits As an Indian living away from home, you may have lingering ties to India through family members, Bank Accounts, investments, property, etc. But no matter what corner of your world, you can meet your financial obligations with Non-Resident Indian or NRI Accounts. They are ideal for investing foreign income in India. Being up-to-date with the […] June 30, 2023June 30, 2023 Saving Bookmark this article Bookmarked
Tips for Enjoying Easy Currency Exchanges Currency exchange is converting one country's currency into another country's currency. It is a common practice for those who travel internationally and businesses that deal with international trade. However, the rules for currency exchange vary depending on the country and the regulations in place. For example, converting USD to INR may differ entirely from converting SGD to […] June 16, 2023June 16, 2023 Saving Bookmark this article Bookmarked
Nro Account: Smart Solution for Nris to Deposit Their Indian Income While non-resident Indians reside, study, or work abroad, they may still have income sources in India. These may include rental income from a property they own in India, dividends from Mutual Funds, interest income from Fixed Deposits in India, and more. Hence, they need a Bank Account to deposit all their income that originates in […] June 16, 2023June 16, 2023 Saving Bookmark this article Bookmarked
What Is Wealth Management? Individual wealth creation requires adequate planning, research, and suitable wealth products. Since everyone has diverse needs and aspirations, you require specialised assistance and advice to manage your wealth. Banks nowadays offer various services to customers besides keeping their wealth safe and attracting interest. Wealth Management is an investment advisory practice including different financial disciplines, like investor portfolio management […] June 14, 2023June 14, 2023 Saving Bookmark this article Bookmarked
Why is Recurring Deposit an excellent investment option for salaried individuals? As a salaried individual, you would be living your life pay cheque to pay cheque. Everything may be going perfectly for now. However, there is no certainty of the future. The most recent example is the pandemic. Several people faced pay cuts and were even laid off. You should have a lifeboat ready for such […] June 6, 2023June 6, 2023 Saving Bookmark this article Bookmarked
Smart tips for investing in Fixed Deposits Deciding to invest and choosing the right investment instrument is on an equal footing nowadays. Making suitable investments takes you closer to achieving your goals and assures financial security. Hence, you should actively invest. When it comes to choosing a good investment instrument, several options exist. A Fixed Deposit is the finest investment to consider strongly. It […] June 6, 2023June 6, 2023 Saving Bookmark this article Bookmarked
How to Choose the Best Remittance Service for Your Needs? With many Remittance services available today, choosing the best for your needs can be challenging. Whether you send money to family or friends, pay for services, or make a business transaction, there are several factors to consider when selecting a Remittance service. So, here are tips to help you choose the best service provider: […] May 15, 2023May 15, 2023 Saving Bookmark this article Bookmarked
A basic guide to using an RD Calculator When planning for your dream vacation, buying a gadget, or any other coveted purchase, a little planning and savings go a long way. Additionally, opening an RD Account and depositing a fixed sum regularly can help your dreams become a reality. A Recurring Deposit, or RD, is a popular investment tool in India. It is considered safe […] May 15, 2023May 15, 2023 Saving Bookmark this article Bookmarked
Know the differences between a Fixed and Recurring Deposit Among the many financial options available in India, Term Deposits have been a popular choice among investors. They are considered secure, convenient to open and handle, and offer assured returns to depositors. Several banks and financial institutions offer Term Deposits, which are available in two types: Fixed and Recurring Deposits. What is an FD? An FD refers […] May 15, 2023May 15, 2023 Saving Bookmark this article Bookmarked
NRI Banking: A Comprehensive Guide to Managing Money From Abroad As a non-resident Indian, managing finances and banking from abroad can be overwhelming. However, you need to stay on top of your finances to ensure your money is secure and your financial goals are met. This comprehensive guide covers everything to know about NRI Banking and managing your money from abroad. How to open an […] May 12, 2023May 12, 2023 Saving Bookmark this article Bookmarked
Everything to Know About Money Market Funds Making suitable investments is important. They assist in meeting various goals, achieving a better lifestyle, and securing your financial future. Hence, you should actively invest. Furthermore, choosing the right investment option is more important. Today, there are innumerable investment options. Opt for an option that fits your investment profile the best. If you are a […] May 11, 2023May 11, 2023 Saving Bookmark this article Bookmarked
Tax Implications on Money Transfers From the USA to India India is a leading remittance recipient in the world and received more than USD 12 billion in 2019 alone from the US. Hence, it is evident that people living and working in the USA remit a considerable chunk of money every year. For example, non-resident Indians who are working abroad may need to send money […] April 18, 2023April 18, 2023 Saving Bookmark this article Bookmarked
How Is an NRO Deposit Useful? A non-resident Indian with a stipulated income source domestically must open a Non-Resident Ordinary or NRO Account to deposit it. Any person residing for more than 120 days abroad with less than 365 days stay in four previous years in India is declared an NRI as per the Union Budget 2020’s proposal. NRIs can opt for […] April 18, 2023April 18, 2023 Saving Bookmark this article Bookmarked
Frequently asked questions about a Recurring Deposit Banks and financial institutions offer various investment options to their customers and a Recurring Deposit is the most popular option. They are a preferred choice since they carry no risk and provide a guarantee of assured returns. However, if you are clueless about what an RD is, these questions will answer your queries. What are Recurring Deposits […] April 17, 2023April 17, 2023 Saving Bookmark this article Bookmarked
Opening a Recurring Deposit? Use an online calculator Opening Recurring Deposits is like running a marathon. Just as participating in a marathon requires consistent hard work, an RD calls for regular deposits of a fixed sum to help you fulfil your financial goals. It is a versatile investment option and a popular choice among investors belonging to various age and income groups. How […] April 17, 2023April 17, 2023 Saving Bookmark this article Bookmarked
5 Types of Premium Banking Services to Know About The evolution of technology and economic conditions has greatly influenced our financial landscape, resulting in significant changes in our banking requirements. Standard banking products that once met our needs are no longer adequate to meet our evolving demands. In response to this shift, the idea of Premium Banking has emerged as a more advanced version of banking, […] April 13, 2023April 13, 2023 Saving Bookmark this article Bookmarked
What Is an FCNR Deposit Account? As a non-resident Indian living overseas, you have several options to invest your funds in India and earn significant returns. One such instrument is a Foreign Currency Non-Resident Deposit Account. What is it? An FCNR Deposit enables NRIs to invest the money they earn overseas directly in foreign currency and earn attractive returns. Eligible currencies are decided […] March 17, 2023March 17, 2023 Saving Bookmark this article Bookmarked
Grow Your Money Safely With an NRI Fixed Deposit A Fixed Deposit is a lucrative and safe option that allows you to grow your money. While general FDs cater to domestic consumers, as a non-resident Indian living and working abroad, you can choose an NRI FD to deposit your money and earn a higher interest. This financial product is provided by most banks across […] March 17, 2023March 17, 2023 Saving Bookmark this article Bookmarked
