Know About Finance

Flexi fixed deposits (FDs) are a unique financial product that blends the stability of traditional fixed deposits with the flexibility of a savings account. They are a secure way of growing your savings while allowing access to funds when needed, making them an attractive option for investors seeking both safety and liquidity. Unlike traditional fixed deposits where your money is locked in for a specific period, Flexi fixed deposits allow partial withdrawals without breaking the entire deposit. This feature ensures that the remaining amount continues to earn interest at the original rate. This flexibility is particularly useful in situations where you may need funds unexpectedly but don’t want to lose the benefits of a high interest rate on your deposit. Benefits of Flexi Fixed Deposits Here are some advantages of opting for a flexi fixed deposit: Liquidity Without Compromise One of the primary benefits of Flexi FDs is the liquidity they provide. You can withdraw a portion of your depo...

When considering a fixed deposit (FD) as a savings tool, comparing FD rates across various banks and non-banking financial companies (NBFCs) is essential to maximise returns. Fixed deposits offer a safe and reliable way to earn interest on your savings over a specified tenor. As of July 2024, several banks and NBFCs provide competitive interest rates on FDs in India. Below is a detailed comparison of some of the highest FD rates currently available. Regular FD Rates in India To achieve the highest returns, it is crucial to evaluate the FD interest rates provided by various issuers. Here is a snapshot of some of the highest FD rates available as of July 2024: FD Issuer Maximum Interest Rate (p.a.) DCB Bank 8.05% IDFC FIRST Bank 7.90% AU Small Finance Bank 8.00% Utkarsh Small Finance Bank 8.50% RBL Bank 8.00% Bajaj Finance 8.60% *Disclaimer: The mentioned rates are subject to change as per the issuer's discretion. Be sure to check the rates on the issuer’s official websites before b...

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...