“Banking hours” or “Bank branches” are words that are fast fading in today’s technology driven world. Imagine your friends waiting in queue for popcorn while you wait in queue to deposit money? Doesn’t sound very exciting does it? This is the digital era. So why should banking be confined to challans and cheque leaves alone? Banking the virtual way is more relatable to this generation and for the generations to come.
Saving is a choice, not a task. We’ve been exposed to quite a few ways of saving money throughout our lives from the good old piggy bank to chit funds to bank accounts. However, people have this notion that Recurring Deposits provide you with a staggering amount of savings in equal portions. Reality however paints a different picture; recurring deposits constrain your savings in such a way that you save the exact same amount every month.
Are you familiar with compound interest? More specifically, do you know how much money it can make you? You’d be surprised! Compound interest is the accumulation of interest on the principal amount of deposit in addition to interest already earned in the past. To put it straight, it is interest paid for interest which you have already earned. At the right interest rate, you can more than double your investment in 10 years. Who wouldn’t want that? Find out how much you can make by leveraging the power of compound interest by using this Money Making Machine. All you have [...]