An existing depositor can renew their deposit for either the Principal amount (interest accrued will be repaid) or alternatively the principal amount plus interest.
Introduction Ever thought what is hypothecation and why it is essential for securing a loan? Hypothecation refers to the practice of pledging an asset as collateral for a loan without transferring own...
July 4, 2024
Introduction Buying a home is a dream that many aspire to achieve. However, the cost of home ownership can be overwhelming for most individuals. A home loan offers a convenient way to finance the purc...
July 10, 2024
In India, fixed or time deposits have been popular for many years. One reason is that these products are a safe investment option. In addition, these deposits offer a higher rate of interest when comp...
June 29, 2023