In contrast, there is a 1% penalty of the interest earned on the premature closure of an FD. Liquidity Gold is a high liquidity investment that is easy to sell. Digital gold units are exchangeable for physical gold, Whereas, the liquidity of the FD depends on the bank’s discretion. Nec...
It gives a higher rate of interest payable on a quarterly basis. More.. Stand Up India Scheme It facilitates bank loans to set up an enterprise for weaker sections. More.. Tax Saving FDs It gives high-interest rates on deposits and tax exemption. ...
A secured loan is offered by most banks, NBFCs and other private financial institutions. With gold as the collateral, you can fetch up to 90% of the gold value as a loan to be repaid with bank interest within the specified time. A default causes the lender to auction the gold ...