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Tag: recurring

Do recurring investment for yearly goal

Loknath Das, , , ,

I retired at the age of 65. Now there is no contribution to my Employees’ Provident Fund (EPF) account. Will my account continue to earn interest as declared from time to time? —R.K. Gupta Employees typically rely on EPF to build their retirement corpus. With years of contribution both by the employer and the employee and along with the interest, and the benefit of compounding which works in favour of the investor, a sizeable corpus is built. On top of that, the tax-free status given to EPF makes it an…

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Investment planning: Why you need to look at recurring deposits

Loknath Das, , , , , , , , ,

Recurring deposit (RD) is a form of term deposit offered by banks and post offices through which a fixed amount can be deposited periodically by individuals. This is one of the highly popular and risk free investment opportunities for retail investors. Let us discuss below why one should invest in recurring deposits and factors to be considered while opening the same. Advantages All major banks across the country offer an option to open a recurring deposit account, with the term typically ranging between six months and 10 years, providing individuals…

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