Know About Finance

AU Small Finance Bank offers a range of Fixed Deposit (FD) schemes that cater to different investor needs, including those of senior citizens. With attractive interest rates and flexible tenors, senior citizens can maximise their returns while ensuring the safety of their investments.  Key Features of AU Small Finance Bank FDs for Senior Citizens Higher Interest Rates: Senior citizens are eligible for an additional interest rate over the standard rates offered to the general public. This can help you earn better returns on your savings. Flexible Tenors: The bank offers a range of tenors, from as short as seven days to as long as ten years, allowing senior citizens to choose a term that aligns with their financial goals. Assured Returns: Fixed Deposits with AU Small Finance Bank guarantee returns as the interest rate is fixed for the entire tenor of the deposit. Premature Withdrawal: The bank allows premature withdrawal of FD funds, subject to terms and conditions, which provide...

Fixed Deposits (FDs) are one of the most popular savings tools in India, offering a safe and reliable way to grow your wealth. Understanding how an FD works can help you make the most of this investment option. What is a Fixed Deposit? A Fixed Deposit is a financial product offered by banks and Non-Banking Financial Companies (NBFCs), where you invest a lump sum of money for a specified period at an agreed-upon interest rate. The principal amount earns interest, which can be compounded or paid out periodically, depending on the type of FD chosen. How Does an FD Work? 1. Opening an FD Account To get started, you need to open an FD account with a bank or NBFC. This involves selecting the amount you wish to invest, choosing the tenor (duration), and deciding on the type of interest payout. 2. Deposit Amount The lump sum amount you deposit is the principal. This amount remains locked in for the duration of the FD, and you cannot access it until maturity without incurring penalties for pr...

In today’s fast-paced world, managing personal finances effectively is crucial for maintaining financial stability and achieving long-term goals. One powerful tool that can help streamline your finances is a credit card. When used responsibly, a credit card offers numerous benefits that can enhance your financial management. Here’s a look at some of the reasons why choosing a credit card to manage your finances is a smart decision. 1. Convenience and Ease of Use Credit cards provide unparalleled convenience when it comes to making transactions. Whether you're shopping online or in-store, booking travel, or paying bills, credit cards simplify the process. You can make purchases without carrying large amounts of cash and most merchants accept credit cards, making it a hassle-free payment option. Additionally, using a credit card helps keep track of all your expenses in one place, making it easier to manage and review your spending. 2. Build and Improve Credit Score One of the most si...

Medical emergencies can arise unexpectedly, often requiring immediate financial resources to cover treatment costs. In such scenarios, having quick access to funds is crucial. Instant loans have emerged as a viable solution, offering numerous advantages for individuals facing urgent medical expenses. Here are the top five benefits of instant loans for medical emergencies, highlighting how you can leverage options available online on Bajaj Markets and through instant loan online apps. 1. Quick Access to Funds One of the most significant advantages of instant loans is the speed at which funds are disbursed. In a medical emergency, time is of the essence. Traditional loan processes, which can take days or even weeks, are not suitable for urgent situations. Instant loans, on the other hand, are designed to provide rapid access to funds. By applying for an instant loan online on Bajaj Markets, a financial marketplace, you can get the required amount credited to your account within a few hou...

In today’s rapidly evolving financial landscape, having a robust investment strategy is crucial for achieving long-term financial stability and growth. With numerous investment options available, it can be challenging to determine the best approach that aligns with your financial goals and risk tolerance. Whether you are a seasoned investor or just starting, understanding and implementing ideal financial investment strategies can significantly enhance your financial well-being. Here are some key strategies that can help you build a diversified and resilient investment portfolio. 1. Diversification Diversification is a fundamental principle of investing. It involves spreading your investments across various asset classes, such as equities, bonds, real estate, and commodities, to reduce risk. By diversifying, you can protect your portfolio against significant losses because the performance of different assets often varies under different market conditions. For instance, when stock market...