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A fixed deposit (FD) is a tenured deposit account provided by banks or non-bank financial institutions which provides investors a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account. The term fixed deposit is most commonly used in India and the ...
FundsIndia (est. 2009) is an online investment website headquartered in Chennai, Tamil Nadu. [3] [4] The website is owned by Wealth India Financial Services Pvt. Ltd. [2] It was initially created just for mutual funds but later introduced other investment products like stocks, corporate fixed deposits, bonds, and more. [5]
A Flexi-Fixed deposit is a special kind of deposit offered by banks in India. It is a combination of a demand deposit and a fixed deposit . The depositor is able to enjoy both the liquidity of savings and current accounts and the high returns of fixed deposits.
This deposit matures on a specific date in the future along with all the deposits made every month. Recurring deposit schemes allow customers an opportunity to build up their savings through regular monthly deposits of a fixed sum over a fixed period of time. The minimum period of a recurring deposit is six months and the maximum is ten years. [3]
Affluent Americans may want to double-check how much of their bank deposits are protected by government-backed insurance. New rules implemented last month capped what the Federal Deposit Insurance ...
On April 13, 2007, Sibtul Shah was arrested for Ponzi scheme that promised to double the initial investment in 15, later extended to 70, days. On June 27, 2007, former boy band mogul Lou Pearlman was indicted by a grand jury on several counts of fraud and money laundering after running a $500 million Ponzi scheme over 20 years; he pleaded ...
A Bangladesh government-appointed committee examining power generation contracts, including one with India’s Adani Power (ADAN.NS), has urged the interim government to hire a global legal firm ...
Other similar government savings schemes in India include: Public Provident Fund (PPF), Post Office Fixed Deposit, Post Office Recurring Deposit, etc. [3] The certificates were heavily promoted by the Indian government in the 1950s after India's independence, to collect funds for nation-building