Over the past six months, the wealth management industry has had to respond at several levels to fairly tectonic shifts in the way we do business due to covid-19. This period was characterized by responses at two levels—to ensure that business continued as usual and to manage client expectations as markets turned extremely volatile and unpredictable.
In case you invest in multiple fixed deposits (FDs) and are not able to keep track of them, you may opt for the auto-renewal option offered by banks where the maturity proceeds are reinvested in the fixed deposit at the time of maturity.
Their dependence on the cash-economy and supply chain disruptions have made India’s small and medium businesses (SMBs) amongst the hardest hit from the COVID-19 pandemic. To address these challenges, Mastercard announced a commitment of Rs 250 crores ($33 million) to help reboot Indian SMEs and enable business recovery.
Fixed Deposit (FD) is a financial instrument provided by banks which provides investors a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account.