ShashankBhaskar's blog

There are several remittance options available to remit to India. Selecting a money transfer service also becomes a tiresome activity. It is not mandatory for all transactions that the service you regularly select is the best available one. You must take care of the hidden costs and exchange rate fees provided by banks and financial institutions and be aware of them.

Before making an overseas foreign money transfer, you should spend time and investigate the different money transfer services based on the following factors listed below:

People keen on investing in financial assets and commodities would always look for some benefits that the scheme would offer. After all, they are contributing their hard-earned money to the investment. They are searching for better and higher returns so that it is sufficient for them to fulfil their needs. A person has many responsibilities towards fulfilling the requirements of the family.

There are many mutual funds available out there, but you need to decide on what is best for you as an investor. However, that decision is subjective. A fund which works for one investor might not necessarily work for the other. Building a mutual fund portfolio depends on several unique parameters to you, and the fund's performance significantly. How can we say what makes a particular fund the best? The answer depends on the following ways –

For several services, people are increasingly dependent on mobile devices. When Apple launched its first iPhone, none had heard of an app. Fast forward 12 years and the App Store has almost four million applications available. You use them for everything right from booking a taxi to buying food and even learning a new language. It is difficult to imagine a phone without apps. They also have hours of fun, with games accounting for almost a quarter of all apps.

Fixed-income products have always been a component of all household savings to offer investment protection and growth, at least in line with inflation. Fixed and Recurrent Deposits(RDs) have historically been the preferred outlets for daily savings. However, because of better returns, higher liquidity, tax efficiency and convenience, debt mutual funds have gained popularity in recent years.

Debt mutual funds score on several primary parameters over FDs and RDs:

Structured products are designed to fulfil particular risk-return objectives. These goals are reached by taking in conventional underlying assets and substituting their expected returns for non-traditional payoffs from other underlying investments.

Essentially, returns from structured products get compared to traditional returns from underlying assets. However, they are linked with swaps, futures, and other financial instruments in the event of an upside or a downside, to take advantage of greater participation.

When you want to send money immediately from one location to another, especially overseas locations, Wire Transfer is the best and most popular medium available. It is the fastest way to electronically transfer funds from one bank account to another, in any part of the world.

Since its introduction, Wire Transfers have become the go-to mode of sending and receiving money globally. They are also the safest and secure way of sending funds either to your loved ones or for business transactions.

It is time for your friends and family to catch up, celebrate, and reconnect. It's time for a gift exchange. If you find yourself with a little extra money earned as gifts, why not use it rather than having it in your drawer lying around? Recurring Deposit (RD) is a simple, convenient, and efficient way to multiply your savings and help you meet your financial goals with high efficiency.

India always has been a savers' country. And risk-averse investors have preferred to put their money on fixed income instruments for decades, such as fixed deposit, which offer the security of assured returns.

However, most new-generation investors tend to invest only in market-linked products such as Mutual Funds due to falling bank rates and rising awareness of equities being a better choice for long-term investment.

A majority will attest to opting for fixed deposit schemes if you ask Indians where they park their surplus funds. It is synonymous here with financial maturity of fixed deposit. It will possibly help you to tide over times of economic turmoil if you have such an account.

Fixed deposits are assets where people can store a large amount of their surplus savings and enjoy a significant appreciation of income. They are not market-linked instruments.

Fixed Deposit Types