Coca-Cola denies US consumer group’s claim that its colouring ingredient causes cancer; yet the company says it will modify its drinks in India like it has in California
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Safety first
Fixed deposits may not be the most attractive investment option, but they can be useful if you want to reduce risk – and save tax – without letting your money stagnate
A fixed deposit or term deposit is an investment that earns a fixed rate of interest, for a fixed period of time. The rate of interest is influenced by factors such as the type of currency, the lock-in period, and institution – bank, post office or corporate entity – with whom the money is deposited, and is set out in the terms and conditions. Because the money in fixed deposits cannot be withdrawn before the lock-in period is up, interest rates are typically higher than those of savings accounts. Generally, the longer the term, the higher the interest rate. Another benefit is that once you put money in a fixed deposit, the interest rate will remain constant, regardless of any fluctuations in interest rates that apply to other types of investments.TO READ FURTHER... Please Login, Register or Subscribe Featured Articles
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