Fixed Deposit Complete Guide to Secure Your Savings

The Public Provident Fund (PPF) is a popular long-term investment option in India, known for its tax-saving benefits and guaranteed returns. It offers a safe haven for investors planning for retirement or long-term financial goals. One of the most convenient tools to help you manage your PPF investment is the PPF Calculator. This tool provides clarity and insight into how your investment will grow over time by considering the PPF rate of interest. This article provides a detailed step-by-step guide on using a PPF Calculator to track your investment growth.  Understanding the PPF Before jumping into calculations, it is essential to understand what PPF is. The PPF is a government-backed, fixed-income scheme introduced by the National Savings Institute of the Ministry of Finance in India. It offers assured returns with minimal risk, making it a favored choice among risk-averse individuals. Key Features of PPF: - Tenure: The PPF scheme has a maturity period of 15 years, which can be ex...

Fixed Deposits (FDs) have long stood as a favored investment option for numerous individuals in India, courtesy of their safe and predictable nature. They're particularly appealing to risk-averse investors who'd prefer a steady return on their investments without the volatility of traditional markets. However, not all fixed deposits are created equal. This article seeks to introduce, compare, and delve into the various types of fixed deposits based on interest rates and features, highlighting some crucial differences between them.  Types of Fixed Deposits Understanding the different types of fixed deposit  is essential for making a choice that aligns with one's financial goals. Here's an exploration of different types: 1. Cumulative Fixed Deposits A cumulative fixed deposit is one where the interest is compounded annually but paid out at the time of maturity, along with the principal amount. This type of deposit suits investors who do not need a regular income but aim t...