Questions tagged [fixed-deposits]

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3
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1answer
200 views

Fixed deposits in 10 banks vs Mutual Funds

This question is to be answered in terms of security of the money as well as how profitable the investment is. Let's say a person is in India under 30% tax slab. In India, FDs are more secure than ...
2
votes
1answer
126 views

Long-term stock investment spanning multiple generations

Is there any financial product that would allow someone to invest a sum X (once or maybe add funds periodically) in a single stock, an ETF or similar for a minimum period of time, say 100 years? I'm ...
1
vote
1answer
97 views

Is fixed deposit a good option during COVID days? [duplicate]

In Aug 2020, I left my job and joined 3 years full-time post-grad program. So 1.5 years is already over. Leaving my job during COVID days made me concerned. So I felt I should have significant ...
1
vote
1answer
70 views

Advance Tax on Fixed Deposit Interest in India

Lets say a person makes 30,00,000 INR in a year. So he falls under 30% tax slab. Lets say he also earns 1,20,000 INR from Savings Account Interest and FD Interest. This means, an additional tax of ...
0
votes
1answer
200 views

How are banks able to offer high interest rates on foreign currency fixed deposits?

My bank offers foreign currency fixed deposits (FCFD) at a high rate of interest. What's the catch? I know how the bank earns money on domestic currency fixed deposits: by loaning out the money or ...
0
votes
2answers
238 views

Is there any catch in life time free credit cards against fixed deposits?

Many banks have offerred me life time free credit cards because of my good credit score. However, there are some banks which did not offer any life time free credit card. However they offer credit ...