FDR – A scheme to invest your money for a fixed interest | Finager.com
DPS or Deposit Pension Scheme is a deposit scheme where you can deposit a small amount in monthly basis for a certain period and after that period bank will pay more money than you deposited and the extra money will be considered as interest.Go to slide
Lakhpoti & Millionaire Scheme
Lakhpoti & Millionaire scheme is a deposit scheme where you deposited a fixed amount of money monthly for a certain period of time and after completing that period bank will pay you BDT 1Lac.Go to slide
Money maximize is a deposit scheme where you deposit a fixed amount such as BDT 1Lac and after banks defined time. Bank will pay you double amount of that deposited amount. Banks offer various maximization offers such as 1.5 times, 2 times and 3 times etc.Go to slide
Monthly Benefit Scheme
Monthly Benefit Scheme is a deposit scheme where you deposit a certain amount of money such as BDT 1 Lac or more. Against that money, bank will pay you a fixed amount of money monthly for a certain period as interest.Go to slide
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Each form investment has a rate of interest associated with it else the investment will be meaningless. The interest rate gives an idea of your earnings on investment. Fixed deposits are also bound to an interest rate like any other investment so that investors can get some return over that. The rate of interest varies with financial institutions. It also depends on the time for which money must be deposited. Higher the times higher are the percentage gains. Special considerations are also made for senior citizens who get a higher rate of interest than younger counterparts to enhance their financial security.
How and Why Do Interest Rates on Fixed Deposits Fluctuate
The downside that comes with FD investments is taxation. The interest earned from Fixed Deposits is taxable under Section 80C of the Income Tax Act. Even with the taxation law, FDs are an attractive form of investment amongst the Indian masses. However, Fixed Deposit interest rates in 2016 are decreasing and curtailing the perks of receiving adequate returns. Let’s evaluate why.
If you invest in an FD today, you could get a rate of interest between 8.5% and 9.25%. Some banks and NBFCs will offer a higher rate of interest
Seven Benefits From Having A Fixed Deposit Account
Do you know that one of the easier ways of making your money work for you is by investing in a fixed deposit account? A fixed deposit account is an investment account and a type of savings account in which money is deposited for a stated period of time and a fixed interest rate is paid at the end of that period.
It is a safer investment option when compared to other investment types such as shares or the money market. Opening a fixed deposit account is both quick and easy and all you have to
1. For how long a user can deposit his money?
A user can deposit his money for 1 year to 5 year.
What is the minimum eligibility for opening FDR scheme?
Applicant must be a Bangladeshi citizen aged between 21 years to 60 years.
How will the maturity amount be paid to user?
The maturity amount will be paid through user’s account which is linked with deposit scheme.
Does any loan available against deposited money?
Yes, 80% of the deposited amount can be available as loan amount.