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Compound Interest

This is an essential concept in finance that allows individuals to make the most out of their investments.

Compound interest is a fundamental concept in the world of finance, specifically in the Indian market. It refers to the interest earned on a fixed deposit that is then reinvested, resulting in even greater earnings. This powerful tool enables individuals to maximize their investments and see significant returns. Understanding compound interest is crucial for anyone seeking financial stability and growth.

Renewal of deposit

Deposit rollover is a common practice in the world of finance, where the depositor chooses to extend their deposit for a further period of time after the initial investment ...

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Tax-saving fixed deposits

Allow me to introduce you to a unique type of fixed deposit that offers a valuable tax break to investors. This deposit allows individuals to invest a certain amount of money...

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Borrower

A borrower, whether an individual or a company, is someone who obtains money from a lender for a specific purpose. The borrowed funds are utilized for a set period of time, ...

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Nomination

Account holders often receive requests from banks to make nominations, a process where they select individuals to receive the money in their accounts in case of their passin...

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