The higher the return, the greater the risk. This is the prime rule to be followed, when investing in a fixed deposit. A deposit offering, say, 14% interest or more annually seems a lot more attractive than a big bank’s lowly 5%. But think again.
Understand that those who offer very high rates are only doing [...]
Recession period is the best of times to sow the seeds of investment. The investment can be made in fixed-income investment or in equity shares.
Fixed-income assets
The interest rates on FDs has been increased from up to 7% last year to as much as 11%. If you take long-term deposits now at today’s rates and lock [...]
Identity theft takes place when somebody steals personal information such as your credit card or bank account number and then impersonates you to rob you financially. This kind of theft is growing because people now shop or carry out various financial transactions over the phone or the internet.
All mail bearing your name and account numbers [...]