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FDs are the favourite form of investment for many due to the fact they are secure and have a guaranteed rate of return. Since there is a wide market with so many banks and other related financial institutions providing the fixed deposit service, choosing the best one can be a little demanding. In the following article, let me simplify the guide that would help you arrive at the right fixed deposit with elevated interest rates. Understand What a Fixed Deposit Is A fixed deposit is an investment product that involves placing of cash deposit in a bank for a specified period at a definite interest rate. By the end of the tenure of the company, all that is given back to you is the original amount plus the interest. FDs are safe avenues for investments as they are not bound by forces of supply and demand. Factors to Consider When Choosing a Fixed Deposit 1. Interest Rates The interest rate is the most crucial factor. Higher interest rates mean higher returns. Compare the interest rates offer

As July 2024 approaches, the opportunities for personal loans in India remain dynamic with fairly low interest rates and versatile terms for people who are ready to satisfy various objectives that can be both essential and have a recreational aim such as refinancing different debts, remodeling a house, or covering some emergencies. Here’s a roundup of some of the top personal loan options available this month. Top Personal Loan Lenders and Rates for June 2024 1. SBI or State Bank of India is one of the best known commercial banks within India which is locate Specifically, State Bank of India or SBI is one of the most recognized commercial banks within India situated at - Interest Rate: Beginning from 9. 60% onwards - Loan Amounts: Depending upon the amount of policy up to ₹20 lakh - Tenure: Until 7 years - Key Features: SBI charges are among the least in the market because of the interest rate which is relatively affordable and accompanied by reasonable charges for processing and repa

Credit card sign up bonus is a promotion offer that is given to new clients of banks and financial institutions. These rewards come in the form of reward points, cash back, or travel points and are usually given to card holders within the first few months of issuing the card or within the card’s first year. How Sign-Up Bonuses Work As for the features of bonuses, the individual reward, which is given by the credit card issuer to the holder, is given on the basis of meeting certain requirements, such as spending a fixed amount within a given period of one to three months. For example, you could get 5,000 reward points or some amount in cash back if you spend of ₹50,000 in the first three months on a specific card. Types of Sign-Up Bonuses 1. Reward Points: These points can be cashed in for items like groceries, hampers, gift cheques, or even outstanding travel bookings. They are flexible, keeping in mind that they may be used under many classes. 2. Cashback: This type of bonus gives th

All credit cards across India often come up with new offers and promotional schemes for customers within a given time; this is the best chance to fully maximize the use of the credit card. Here are some of the best credit card sign-up bonuses available in July 2024:  1. HDFC Bank Regalia Credit Card - Sign-Up Bonus: To create the card, 2,500 bonus points will be awarded to you. - Value: They are taken in barter for trips, vouchers, and many kinds of products. - Perks: Of the joining bonuses, member can be rewarded 4 points for every ₹ 150 spent, airport lounge visits over 1000 across the world free and can obtain up to 15% off on bills on dining among restaurant partners. - Annual Fee: ₹ 2,500/- (Claim can be made if the medical expenses does not cross ₹ 3,00,000/- in a year).  2. SBI Card Elite - Sign-Up Bonus: Five thousand reward bonus points is given to the card holder when the annual fee is paid. - Value: These points will also be usable to get e-vouchers and other relevant incent

Income Tax Return (ITR) is a document that is filled out by the taxpayers of India in order to provide the details of the Income Tax Department. Income tax returns need to be filed by entities and employers that receive over the set threshold of the government for exemption. This facilitates the operations of checking transactions and enables the government to monitor and collect taxes more efficiently. Importance of Filing ITR:  - Legal Compliance: The submission of ITR is legal requirement in India for individuals and entities; who have certain threshold income. - Financial Record: This acts like an identification card for income and tax, which may be vital when it comes to granting of loans, visas, and so many other financial activities. - Claim Refunds: Even to get a refund in case of excess tax on the employees’ side as per the provisions of Section 192 of the I.T. Act for every financial year, they prefer filing an ITR. - Carry Forward Losses: In ITR filing, one has the ability t

Made the decision of buying a home loan? That’s good to hear but, confused where you will find the Right Home Loan Bank? Well, choosing a right lender becomes crucial because that will make a huge impact on your whole process. You might get a lot of options of lender for your home loan but choosing the right one is in your hands. With proper research and knowledge, you won’t face this issue and find this whole process a lot easier. Before taking a home loan you need to identify about the needs and your capability to hold it. How much you can consider taking according to your financial capability, your credit worthiness and from where you are taking it. The interest rate and the hidden charges both has impact on the overall pay.   Gone are the days when you have limited options for choosing your home loan. Now, you a whirl of options waiting for you. Let’s have a look with financenu that how can you find the Right Home Loan Bank and get your home loan approval done.   Checking

Having a pre-approval for your home loan is important as it gives you an idea that how much you can borrow, also gives you an ease in the whole process. And when you are searching for home loan you might get on a point where you listen about this term of pre-approval of home loan. Don’t worry it is not a big term which you won’t be able to understand. Let’s delve into this article with financenu and get a proper understanding about this.   Pre-approval can be described as a prior step in your whole home loan process. As it has the involvement of your lender who will check your financial status and credit score to evaluate that whether you would be able to repay the amount back to them or not. It’s just simple as that. This will also give you a clear pace that rather you would be able to handle the loan amount or not. But remember that your pre-approval is not a guarantee of the loan but it surely can provide you a clear picture of your whole loan.   In general home loan pre