For those who like to get guaranteed returns in investment, FD is the best option for them. Fixed returns are available in a fixed time through FD. But FD cannot be broken in the middle. If you do this, then you have to bear its loss. In such a situation, you should adopt such a way that you will get the full return of FD and you do not even need to break it in the middle. FD Laddering Technique can be the solution to your problem. Through this, you will not even need to break the FD money and you will continue to get its profit every year. Know how?

What is FD Laddering Technique

In FD laddering technique, instead of fixing the amount together, investment is made by making several FDs of different tenures. For example, you have 5 lakh rupees. In such a situation, instead of making an FD of Rs 5 lakh, get 5 FDs of Rs 1 lakh each and fix it for 1, 2, 3, 4 and 5 years. With this, every year one of your FDs will mature. In this way, sufficient liquidity will be available with you.

This is how you get benefit

You fixed your FD for 1, 2, 3, 4 and 5 years. In this case, your first FD will mature in 1 year. In such a situation, spend the money you will get from it when needed and fix the remaining amount again for five years. If you do not need that money at all, then fix the entire amount for the next 5 years. Your second FD will mature in the second year. In this way, every year your FD will mature one by one. You have to do the same with everyone. If needed, spend it and whatever is saved, fix it again for five years. In this way, the need of your money will be fulfilled from time to time and you will also get full interest of your FD.

Very useful for retired people

FD laddering technique is considered very effective for retired people. After the FD matures, they can use the interest amount and get the rest of the money re-fixed. In this way, they do not have any problem of money and their deposited amount is completely safe and they keep getting continuous interest on it.

The post FD Laddering Technique: Try this technique while getting FD done, there will be no FD break and you will get profit every year appeared first on Republic Aeon.

Paytm’s parent company One97 Communications on Sunday appointed Surendra Chawla as the CEO of Paytm Bank. The company has taken this decision after getting approval from the Reserve Bank of India. However, RBI has retained the restriction imposed on PPBL on adding new customers. For information, let us tell you that Surendra Chawla has been given the responsibility of the post of CEO for 3 years.

Paytm Payment Bank Board Chairman Vijay Shekhar Sharma said on the appointment of Surendra Chawla, ‘I am happy to welcome Surendra. His rich experience in banking and deep understanding of the Indian financial landscape will play a vital role in further strengthening Paytm Payments. The company will benefit greatly from his experience.

Career of Surendra Chawla

Surendra Chawla has over 28 years of experience in Retail Banking. He has served in big banks like HDFC, RBL, ABN and Standard Chartered before Paytm.

Share buyback program launched in December

Paytm’s parent company introduced the share buyback program in December, which is worth 850 crores. It is believed that the company will fully prepare the buyback scheme in the next six months and it will be released to the customers in the middle of 2023.

These services added on Paytm’s platform in the year 2022

Let us tell you, in the year 2022, the payment app PayTm partnered with IRCTC, under which users can book general and platform tickets from the railway station. Apart from this, users also get the option of renewing the season ticket on Paytm and paying through UPI including Paytm Wallet, Paytm Postpaid, Net Banking, Credit and Debit Card. The company believes that this will greatly benefit the passengers and they will not have to stand in long queues.

The post Surender Chawla becomes MD and CEO of Paytm Payments Bank, will take charge for three years appeared first on Republic Aeon.