We all love money and wish to be millionaires one day. But not all of us are lucky to inherit a wealth or hit a jackpot to turn into millionaires overnight.

The option available for most of us is to adopt conventional methods of saving and investment.  Even with the plethora of avenues like stocks, real estate, Mutual Funds and the like available presently for saving and building on that saving, the most traditional method, being Fixed Deposit still remain a popular choice among the masses.

Skeptics may argue against this form of investment citing inflation unfriendly and taxability of returns, but this traditional method of saving still retains an edge over others on many counts.

Let us understand some benefits of this saving scheme where the deposit of a principal amount for a fixed tenure with higher interest rates enables one to enjoy the principal along with interest earned over the tenure, when it attains maturity.

It's only fair to share...
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We Indians have a tendency to share our things with others. Be it our food, our cup of tea and even our seats in the buses and trains, we find a hidden happiness in sharing with others.

We sometimes share our lives too with others. It is presumed that our problems and sorrows divide and our happiness multiply when we share. Sharing is seen as the epitome of caring.

But when it comes to your banking details, it is certainly not wise to share. Sharing your online transaction OTP, password or your Banking PIN is not just unsafe, it could be catastrophic too.

It's only fair to share...
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A few years back, being cashless was scary. Today, being cashless gives a sense of security and confidence.

Need to transfer money for a service availed or a product purchased and realising that you are out of cash in your wallet was once a valid reason to drive you crazy. But not anymore, when that incoming message that you’re “Transaction successful” as the preferred alternative payment method surely relieves your heart.

When we look back at the older picture of the Indian economy, a cashless India or one with minimum or lower cash transactions seems to be unreal. But with the recent demonetisation drive and the Government’s all out initiative for a digital driven economy, the clear indicative signs are that cashless is not very far.

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