Deposit in a company that earns a fixed rate of return over a certain period of time. Financial institutions and Non-Banking Finance Companies (NBFCs) also accept such deposits. Deposits thus mobilized are governed by the Companies Act under Section 58A. These deposits are unsecured, i.e., if the company defaults, the investor cannot sell the documents to recover his capital, thus making them a risky investment option. Why invest in F.D.? 1. They are a short term deposit 2. They offer high interest 3. No income tax is deducted at source if the interest income is upto Rs 5000/- in one financial year 4. Investment can be spread across various companies thus the interest income does not exceed Rs 5000/- How to choose an FD ? 1. Spreading the risk: The deposits should be spread over a large number of companies engaged in different industries. By this way the investor can diversify risk among various industries/companies. The investor should try not to put more than 10% of your total investments in one particular company. 2. They offer high interest 3. Choosing the right period of investment: The investor should invest from around 1 to 3 years, keeping in mind the rate of interest. 4. Review: The investor should review the performance of the companies at maturity. This will help the investor decide whether to renew or reshuffle the deposit. It is also wise that the investor keeps a track of these companies by checking their share prices, annual reports and other details reported in journals or newspapers.
Life insurance is an agreement that guarantees payment of a stated amount of monetary benefits at the end of a specified term or on the death of the life insured along with family's peace of mind. Life insurance is a policy that people buy from a life insurance company, which can be the basis of protection and financial stability after one's death. Its function is to help beneficiaries financially after the owner of the policy dies. Our associates: AVIVA LIFE INSURANCE BAJAJ ALLIANZ LIFE BIRLA SUN LIFE HDFC STANDARD LIFE ICICI PRUDENTIAL LIFE ING VYSYA LIFE INSURANCE KOTAK LIFE INSURANCE LIFE INSURANCE CORP MAX NEWYORKLIFE METLIFE INDIA INSURANCE RELIANCE LIFE SBI LIFE INSURANCE TATA AIG LIFE INSURANCE
Mutual Funds are hot favourites for investors today as they satisfy all types of investment needs. In fact, it is a time tested approach of creating wealth in the long run. So, if you want to invest in mutual funds, RR offers you all investment choices under one roof. You get a personalized service backed by our in-depth information and incisive research to get smart returns. You can invest in any mutual fund through us and we have made it very simple for you. You just have to make a call or Email and our representative will take care of all your needs right from providing information and advice to buying and all the related paper work.
Stream Perfect ITes Global Services Offering medical facilities like medical claim processing services, medical writing, claim processing, medical data processing, medical management, compliance risk services and medical diagnostic services.
Century Global Logistics Pvt Ltd Insurance agent offering insurance service which includes general insurance service, long term insurance services, goods insurance services and goods damage insurance services.
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