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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.

FCNR

A FCNR deposit, or Foreign Currency Non-Repatriable account deposit, is a type of Fixed Deposit Foreign Currency account strictly for depositing, not for saving. It allows f...

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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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Demand deposits

Deposit refers to the money that a bank receives from a customer, which can be withdrawn at any time by the customer. In banking terms, this is known as a demand deposit, as...

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Recurring Deposit or Cumulative Deposit Account

A bank account that requires a depositor to deposit a fixed amount (in multiples of Rs 5 or Rs 10) every month is known as a recurring deposit account. This deposit is typic...

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