Discover the stability of Fixed Deposits (FDs): explore types, avoid mistakes, use the ladder strategy, understand tax implications, integrate into financial planning, and harness compound interest for wealth growth.
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Episodes
E01: Fixed Deposits Explained: An Age-old Investment Option
03 mins
Fixed Deposits have been a part of the investment universe for quite some time now. It’s an investment option that is safe, reliable...
E02: Types of Fixed Deposit
03 mins
Various types of Fixed Deposits (FDs) cater to your diverse needs. Standard FDs offer a fixed interest rate over a specified tenure. Tax-saving FDs provide...
E03: Fixed Deposit Mistakes to Avoid: Common Pitfalls and How to Steer Clear
04 mins
Understanding potential pitfalls is crucial in optimising fixed deposit (FD) investments. Neglecting research on the credibility of banks, opting for...
E04: Breaking Down the Fixed Deposit Ladder Strategy for Flexible Access
03 mins
The Fixed Deposit Ladder Strategy could optimise investments by diversifying funds across different fixed deposits (FDs) with varying tenures...
E05: Understanding Fixed Deposits & Their Tax Implications
04 mins
Understanding the tax implications of Fixed Deposits (FDs) is crucial for financial stability. Interest income on FDs is taxable based on your income tax...
E06: The Role of Fixed Deposits in Financial Planning: Aligning with Your Goals
04 mins
Fixed deposits play a crucial role in financial planning by providing a secure investment option with predetermined interest rates and tenures...
E07: The Power of Compound Interest: Growing Your Money Over Time with FDs
04 mins
The power of compounding in fixed deposits is a financial phenomenon where interest is earned on both the initial principal and the accumulated interest...
Fixed Deposit is a secure investment where you deposit a lump sum for a fixed tenure, earning fixed interest. It's a traditional yet reliable choice for all kinds of investors.
Types include Standard FDs, Senior Citizen FDs, Tax-Saver FDs, and more. Each caters to specific needs, offering different interest rates and benefits.
Avoid errors like premature withdrawals, ignoring interest rates, and not diversifying FDs across various financial institutions. Careful planning could help you prevent these pitfalls.
The ladder involves staggered FDs with varying tenures, ensuring regular access to funds while taking advantage of higher interest rates on longer-term deposits.
Interest earned on FDs is taxable. Understand TDS implications, consider Tax-Saver FDs for deductions, and plan accordingly to optimise your tax liability.