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Offered by banks and other financial institutions, a fixed deposit is an instrument that allows an individual to grow a sizable amount over a fixed term at a fixed rate of interest, and that too with absolute safety. The interest rate of the fixed deposits remains unchanged by market variation and the person more...
The very act of paying someone by way of cheque without having enough money in the bank may land the drawer of the cheque in jail. Cheque Bounce occurs when the cheque presented to the bank returns unpaid. There have been various important changes in the way cheques are issued, bounced, and dealt with. As the more...
What are Governments bonds? When you lend money to the government in exchange for an agreed-upon interest rate, the transaction is known as a government bond or G-sec. They are frequently thought of as one of the safest asset classes. How do they operate, though? When you purchase a government bond, you are l more...
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