Fixed Deposit Archive

Digibank by DBS

“People don’t need banks, people need banking”- Bill Gates Applications for banking are increasing and the penetration of virtual credit cards, virtual debit cards are increasing. With the penetration of the same in India, Digibank which is a multinational banking and financial service providing bank also thought to launch its services in India. They didn’t launch the services in India as a full fleshed bank, …

Classifying Investments in 4 Easy Terms

When it comes to investments, end goal is of uttermost importance. If you don’t have an end goal, the investment might not fulfill its purpose, and when you would actually need it, there can be a chance that you don’t reap the returns that you expected. Hence, it becomes essentially crucial to plan the end goal and plan your investments according to it. Interestingly, if …

Fixed Deposits vs Liquid Funds -Part II

We have had a thorough 5 point information article comparing Fixed Deposits with Liquid Funds. Let’s continue the quest and understand more differences between these two investment vehicles. 1. Redemption: For liquid funds, redemption can be done any time. You get your invested funds back into your bank account on the next day, when file in your redemption application before 2pm (in usual cases). When …