Document Overlap
9.4%First documentWhat is a Fixed Deposit: FD Meaning, Benefits & TypesOpen original ↗
Second document12 Ways for a Risk - Averse Investor to Buy a Savings PlanOpen original ↗
Top paragraph overlap
100.0%Page comparison
Paragraph matches
Strongest non-zero match for each paragraph.
Conclusion
Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.
Build Guaranteed Savings for Your Future Goals
Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.
Financial Planning - Top Selling Plans
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
Savings and Investment Plans from Canara HSBC Life Insurance
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
Fixed Returns, Zero Risks & Worries
4 Plan Options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
Why Should you Include FD in your Investment Plan?
Tax Advantages: Interest or return you receive from your FD investments is exempted up to ₹10,000 in one financial year. Apart from this, certain tax-saving Fixed Deposits have a lock-in period of 5 years and are exempted under section 80C of the Indian Income Tax Act, 1961, with up to a relief of ₹1.5 lakhs. Disclaimer: Tax benefits are subject to change in tax laws. Please consult your tax advisor.
2. Fixed Deposits
Another benefit of investing in fixed deposits is that it is tax-exempt up to 1 and a half years under the Income Tax act and also comes along with a lock-up to 5 years. Financial banks offer a 9% interest per annum, while private banks offer up to 8.25% p/a. For a public bank, the highest interest rate given is around 7.30 % per annum. The investors should note that only the principal component can be qualified under tax deduction, and the interest is taxed as per the individual’s tax slab.
Why Should you Include FD in your Investment Plan?
Fixed Deposits are among the safest investments in India. Longer-term FDs can offer better interest rates, and thus a preferred medium of depositing funds for a pension for retired investors.
2. Fixed Deposits
Fixed deposit is amongst the safest options available in the market at the moment for investment. The reason for the same is because they are not market-driven. Fixed deposits carry your invested amount for a predetermined time on which primary interests can be earned, which depends on the bank and the number of years. Still liquidity and return are relatively lower.