Shriram Wealth Architecture

What is a Recurring Deposit? It is a tool for making recurrent monthly investments of a predetermined amount for a chosen tenure, as the word "recurring" suggests. You receive an income from the bank's addition of interest to the funds that have accrued. One of the most secure investment options is an RD. The purpose of a recurring deposit is to use your money to invest in returns that will help you reach your financial objectives. The interest rate on RDs is often determined according to the bank's guidelines or on a quarterly compounded basis. Below mentioned are the Benefits - 1. An alluring interest rate The favorable interest rate that makes recurrent deposits more profitable than traditional savings accounts is their most advantageous feature. For instance, you can earn enticing interest rates if you create an RD account with Bank. The interest rates are computed annually and compounded four times a year. 2. No penalty is imposed When monthly payments were due,

Your credit card can be used to make internet purchases, pay at physical stores, and get cash from ATMs. This money is not deducted from your savings bank account, in contrast to a debit card. Instead, your credit card company gives money to you as a loan from a set credit limit. You have up to 50 days from the transaction date to pay back this loan without incurring interest. When you use your credit card to make purchases, you can also receive rewards points, cashback, and discount coupons. The credit card company offers exciting presents and gift cards that may be redeemed for these reward points. Why it's crucial to use your credit card properly Even while using a credit card offers numerous benefits, it's crucial to use it responsibly. Credit cards may be a very effective financial instrument when used appropriately. You may improve your credit score and even handle a financial emergency without difficulty with its assistance. However, a lot of people misuse their credit c

Motives for Investing in Real Estate Real estate ownership has always been a sign of prestige, money, and authority. It considered the safest method of protecting one's money, along with gold. Many new investment choices emerged as we entered the modern era. Investors have a variety of options for storing their money, including equities, bonds, fixed deposits, mutual funds, digital currency, and crypto currency. However, out of all of them, real estate continues to be one of the safest and most advantageous routes for a long-term, successful kind of investment. Since everyone needs a place to live, real estate is a need, and investing in it helps to both solve this issue and secure the future. The purpose of this essay is to evaluate the advantages of real estate, including how and why it makes a wise investment. Value Appreciation The value of real estate always rises with time. When it comes time to sell, a wise investment might provide a sizable profit. Additionally, re

Insurance is important when making personal financial plans since it helps mitigate risk. A risk protection strategy, an insurance policy aims to protect your loved ones while you are away. Life insurance continues to retain a significant position among all the insurance policies that are being provided by a wide range of companies. However, with barely a tenth of the population covered, India's life insurance penetration is still below average. In this post, we'll talk about why life insurance is regarded as a wise investment even though it doesn't offer any profits when compared to newer financial products. Well, many people do pass away too soon from diseases, accidents, or natural causes. Many of them also are the only breadwinners in their families. What will now happen to their family? Their capacity to cover home bills (apart from other debts) is at risk due to the potentially disastrous effects of this predicament. Everything comes to a stop. These fol

What is Credit Card Bill Settlement? When you are late with a credit card payment, the bank may attempt to recover some, if not all, of the outstanding amount from you. To expedite the payment process, you can come to an agreement with your credit card company by paying less than what you have, or the bank may agree to stop charging interest altogether. For instance, Bank Debt Service targets credit card users and loan debtors who are unable to indemnify themselves. The bank provides a Credit Builder Program as part of the service for clients who are interested in repairing and raising their credit scores. What should you do if you find yourself unable to pay off your credit card debt? Contact your lender as soon as you can, let them know why you can't meet the repayment schedule, and ask for a new payment plan. There may be additional interest or fees due if the payback period is exceeded. Consider negotiating a settlement on your credit card debts if you find yourself i

Health Insurance In recent years, health issues have become an increasingly pressing concern. Every person is likely to undergo an expensive medical procedure at least once in their lifetime. The goal of health insurance is to provide financial assistance in the event of a medical emergency. If you intend to purchase such a policy, you should be aware of the advantages of health insurance. What are the Benefits of Health Insurance? This article provides a comprehensive list of the benefits that a health insurance policy provides to assist you in making your next purchase. Coverage For Pre- and Post-hospitalization: In addition to the cost of hospitalization, medical insurance benefits include pre- and post-treatment expenses, such as diagnosis fees and costs for tests ordered by a medical professional. Post-hospitalization cover, on the other hand, provides financial assistance for expenses incurred following treatment. The cost of required medications can be high at times, and in the