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Difference between TDR and STDR in Fixed Deposits

By |2020-08-11T01:03:26+05:30August 11th, 2020|Categories: Personal Finance|Tags: , , , , , , |

Normally, Fixed Deposits are broadly classified into two different types, TDR (Term Deposit Receipt) and STDR (Special Term Deposit Receipt). The primary difference between both depends on the cumulative nature of the interest payout. Term Deposit Receipt This Fixed Deposit is known as a cumulative Fixed Deposit. This kind of Fixed Deposit has a minimum

Ways to build an Emergency Fund ?

By |2020-05-14T21:06:40+05:30March 11th, 2020|Categories: Personal Finance|Tags: , , , , |

Buy a Piggy Bank Although it sounds very simple, I believe this is the most effective of all the methods. I have a practice…. Every night after coming home from Office, I just throw all the coins that are in my pocket and wallet into the piggy bank. I also make it a point that,

Tips before you buy Life Insurance

By |2020-05-22T20:44:03+05:30March 1st, 2020|Categories: Personal Finance|Tags: , , , , |

Insurance is not Investment  Insurance is not at all Investment. The basic premise is Investment is for you, But Insurance is for your family. We easily forget this and mix up both. In fact that is the reason why Term Insurance is advocated as the best type of Insurance. The purpose of Insurance is not