ArjitChalmela's blog

A fixed deposit is one of the most popular deposit options. In an FD, funds are locked in till maturity in exchange for a fixed rate of interest. Earlier, fixed deposits could be opened by visiting the bank branch. But now, with internet banking, you can open your FD completely online.

But when opening a fixed deposit in the bank branch is so easy and convenient, why should you opt for opening the fixed deposit online?

Here are 5 advantages of opening a fixed deposit online:

Convenience:

With each consumer having a smartphone, it has become very easy to transfer money using a money transfer app. There are different options available to the users as well and depending on the bank to bank money transfer app that the recipient has, it is possible to send money. 

If you’re wondering how to transfer money online, the process is fairly simple:

Have you been thinking about buying a two-wheeler but are not sure yet? Before you postpone the purchase yet again, consider your finances, loan options and EMIs (Equated Monthly Installments) that you may need to pay. Today, buying a two-wheeler has become convenient and hassle free with various banks and offering two-wheeler loans that offer competitive interest rates. And the best part is that you can repay the loan amount in EMIs over a pre-decided tenure. Also, did you know that you can calculate your monthly instalments?

Not many know that credit cards come in different varieties. Ranging from basics to co-branded ones, they are high in functionality and are a great addition to your lifestyle. Different types of credit card serve different needs. But you need to know how you can use it. Therefore, it is important to know about the available options before you apply for one.

A current account, also known as a financial account, is a type of deposit account which is maintained by individuals who carry out significantly high number of transactions with banks on a regular basis. They are created by a bank on the request of an applicant and are made available for frequent or immediate access. A current account will relate to liquid deposits and it offers a wide range of customized options to help financial dealings. Current accounts allow an individual to make payments to the creditors through the cheque facility offered by a bank.

Investing in securities is the only way you can grow your money. However, it requires sensibility and need to follow some rules and regulations. One of the ways to understand the stock market and its art and science is by knowing the concept of Demat Account.

Technology and digitisation have changed how we lead our lives. In fact, money-making activities have also changed drastically. These have benefitted us. Similarly, the stock exchange has evolved too. Stock trading has moved on from physical certificates to Demat.

History of Demat Account: