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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.

Fixed deposit

A fixed deposit is a financial tool where an individual deposits a certain amount of money to a bank, financial institution, or company. In return, the receiving entity pays...

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Know Your Client guidelines

It is essential for banks and other financial institutions to conduct thorough due diligence on their investors. This involves verifying the identity of the client and ensur...

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Deposit insurance

Demand deposits refer to the funds that are deposited in a bank and can be withdrawn by the depositor at their convenience. These deposits typically include the balances in ...

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NRO

A common term in the realm of finance, NRO stands for Non-Resident Ordinary account. This account is specifically designed for Non-resident Indians, allowing them to save or...

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