Fixed Deposit | WEALTH BUILDER

Smart Financial Planning: How to Build and Preserve Wealth

August 21, 2024August 2, 2024 by Wealth Builder

Discover essential strategies for building and maintaining wealth through smart financial planning. Learn about budgeting, investing, and avoiding pitfalls.

Where to Park Emergency Fund: Everything You Need to Know

August 20, 2024July 24, 2024 by Wealth Builder

Illustration of where to park Emergency Fund like in the High Yield Savings Accounts, Fixed Deposit, Liquid Mutual Funds, Certificates of Deposits

Deciding where to park emergency fund is crucial for ensuring both safety and growth. An emergency fund is essential for managing unforeseen expenses and maintaining financial stability. Find out where to park emergency fund for the best balance of safety and returns. Explore top account options for effective financial stability.

TDS on Fixed Deposit Interest- A Practical Guide

August 10, 2024July 24, 2024 by Wealth Builder

Illustration of the TDS on Fixed deposit, and the threshold

What is TDS on Fixed Deposit? Interest earned on Fixed Deposits (FDs) is a safe and popular way to invest money. But, there’s something important to know: TDS, or Tax Deducted at Source. This means the bank takes out some tax from the interest you earn before giving it to you. In this guide, we’ll … Read more

How to Start Investing as a Student in India

August 11, 2024July 22, 2024 by Wealth Builder

The image shows a young woman sitting on a bench outdoors, wearing headphones, and working on a laptop. The laptop screen displays a digital graph, suggesting she is monitoring or learning about investments. On the left side of the image, there is a list titled "Investment Options," which includes: Saving Accounts, Fixed Deposits, PPF, Mutual Funds, ETFs, Equity, and Gold. The setting, with greenery in the background, emphasizes a relaxed and focused approach to learning about or managing investments. This image shows about investing as a student

Learn investing as a student in India with tips on budgeting, selecting investments, and planning your financial future. Start building wealth today!

Fixed Deposits: Everything You Need to Know

August 11, 2024July 21, 2024 by Wealth Builder

The image shows a pink piggy bank sitting on a wooden surface, with a black umbrella covering it, symbolizing financial protection. On the left side of the image, there is a list of "Fixed Deposits: Types" and "Benefits of Fixed Deposits." The types listed include Standard Fixed Deposit, Tax Saving Fixed Deposit, Senior Citizens Fixed Deposit, Cumulative Fixed Deposit, and Non-Cumulative Fixed Deposit. The benefits listed are Safety, Guaranteed Returns, Fixed Interest Rate, Flexible Tenure, and Loan Against FD. The overall theme of the image emphasizes the security and benefits of investing in Fixed Deposits.

Fixed Deposits (FDs) are a popular investment choice in India, known for their safety and stable returns. By depositing a lump sum for a fixed term at a predetermined interest rate, investors can enjoy guaranteed returns with minimal risk. This guide delves into the workings of FDs, their various types, benefits, and potential drawbacks, helping you make informed decisions to align with your financial goals. Whether you’re new to investing or seeking safer investment options, understanding FDs can enhance your financial strategy.