Business

The Co-Relation between Fixed Deposits and Growth of our Economy

FDs specify the returns, guaranteeing an income to the investor right at the time of investing.,


By : Ritika Shree
| Updated on: 24 Sep 2021, 08:43:04 PM




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Fixed Deposits and Growth of our Economy (Photo Credit: News Nation)

FDs play a role in the growth of the economy
post-pandemic times have witnessed a pulverization of the Indian economy
banks and other financial service companies also increase their interest rates

New Delhi:

Fixed Deposits (FDs) have long since been deemed a reliable and trustworthy form of investment for small and medium retail investors. As compared to stocks and other market-linked instruments, FDs are a risk-free way of ensuring that you receive a guaranteed sum at maturity. In addition to clubbing stability with fairly attractive returns, FDs also play a role in the growth of the economy. Here is a detailed elucidation of how FDs maintain and contribute to economic growth and stability:

Stability during Economic Turmoil

While most market-related investment opportunities come with claims of high returns, they are inevitably subject to the market volatilities. However, FDs offer financial protection, stability and growth to every investor as these are safe from market volatilities, thereby ensuring a measure of stability for the economy in general.

Assured Returns

FDs specify the returns, guaranteeing an income to the investor right at the time of investing. The investment option is ideal for people between 30-50 years as well as senior citizens who opt for low-risk options. Comprising a significant section of the Indian population, senior citizens can safely depend on FDs during their post-retirement days. Accordingly, FDs offered by banks and financial companies frequently offer additional interest rates to senior citizens over and above the regular rates. FDs are also a good option for investors who wish to diversify their investment plans and portfolio while earning a stable income.

FD Interest Rates & the Economy

The post-pandemic times have witnessed a pulverization of the Indian economy. Characterized by volatile equity markets and unpredictable real estate, this is a good time to set aside your corpus in FDs. Additionally, it must be noted that an increase in Fixed Deposit interest rates is typically driven by factors such as declining currency value, an increase in loan to deposit ratio. When central bank rates rise, banks and other financial service companies also increase their interest rates. This shows that for an investor, this is an optimal time to ensure the safety of their capital by locking in on a fixed deposit offering the best interest rate.

Last Few Words

If you are planning to invest in FDs, visit IndusInd Bank. You can gain access to multiple fixed deposit options, based on your investment preferences. Investing in an FD with IndusInd Bank comes with multiple benefits such as high interest rates, flexible tenure – so you can enjoy the benefits of changing interest rates across a period of time – auto-renewal option and tax saver feature. Additionally, with instant hassle-free booking, you can open an FD account online at IndusInd Bank in a jiffy anywhere, anytime. IndusInd Bank also offers a higher rate of interest on fixed deposit as compared to other banks. However, make sure you use the IndusInd Bank FD interest calculator to get an idea about the the returns on your investment based on the tenure, amount, and prevailing interest rate. Just choose from tenure that suits you and watch your money grow with assured returns.


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First Published : 24 Sep 2021, 08:43:04 PM

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Kanjimull & Sons Jewellers: Fourth Generation of a 150-year-old Royal Jewelry Business

Kanjimull & Sons Jewellers aEUR” a business that was founded in late 1800s with a store in Chandni Chowk has now been taken over by the leadership in the fourth generation.,

Kanjimull & Sons Jewellers – A Business That Was Founded In Late 1800s With A Store In Chandni Chowk Has Now Been Taken Over By The Leadership In The Fourth Generation.


By : Anjali Sharma
| Updated on: 09 Oct 2020, 04:55:46 PM




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Kanjimull & Sons Jewellers (Photo Credit: Kanjimull & Sons Jewellers)

New Delhi:

Fourth Generation of a 150-year-old Royal Jewellery Business Kanjimull & Sons Jewellers – a business that was founded in late 1800s with a store in Chandni Chowk (Old Delhi) has now been taken over by the leadership in the fourth generation. Gaurav Khanna, who was always exposed to the jewellery business since his early years, marked the new leadership by starting his own store of Kanjimull & Sons Jewelers in 2005 at the Square One Mall in Saket.

Gaurav came with a modern vision suitable for the modern world for this 150-year-old legacy business by introducing an E-boutique and coming up with designs that were bolder and younger – something that appealed to the age group of under 60. Gaurav says, “I learnt it all from my father – about gems, it’s qualities and understanding our niche clientele. However, taking over a 150-year-old business that is a legend on its own is a massive responsibility. Family business usually corrodes till the third and fourth generation. I had to ensure we survive in these dynamically changing times and reinvent ourselves.”

Kanjimull & Sons Jewellers now organizes private exhibitions in the USA twice a year. The first selection usually happens online and then selected pieces are on display for potential buyers. These exhibitions are invite-only to protect the identity of the buyers and maintain discreteness. The jewellers also endorse and encourage buyers to get international certifications for expensive gemstones even if it is an additional cost to the client.

“Jewellery and artifacts that we sell are not mere ornaments, they are also an investment. Certifications ensure that the true value of the pieces are known and kept as a proof.” Explains Gaurav. He says that the jewellery business is getting increasingly tough because the buyers have limited information and there are ample imposters in the market to rob them off. He recalls how because of sharp increase in the prices of untreated gemstones such as rubies and sapphires, treated rubies and sapphires had filled the market. They had a real hard time to educate the client about the treatments and explain why there was a price difference between the two. Eyeing towards the future, Gaurav concludes “I see Kanjimull & Sons Jewellers focusing more on high pedigree gems with international certifications of origin and treatments. We have always catered to the best of the world with the best of the gems and I intend to continue that. It has been proven that high pedigree gem and jewellery appreciate far more than real estate. I see a lot of interest pouring in there in coming years.”


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First Published : 09 Oct 2020, 04:54:56 PM

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