Recurring deposits are a good starting point for those who wish to
create regular savings and also earn good interest on the same. This article
looks at the benefits of RD accounts for your financial health.
As a new investor, you are justifiably
cautious about spending money on risky investments that might tank. You are
always on the lookout for fail-safe options in stocks and bonds, but most
market-linked opportunities always come with an underlying element of risk.
It is time to turn to a simple, affordable
and quite safe option: the recurring deposit.
What is a recurring deposit?
A recurring deposit or RD account is a
simpler version of the fixed deposit. In a fixed deposit, you set aside a lump
sum amount of money in the account, and it is paid a particular rate of
interest throughout the deposit cycle. At the end of the deposit tenure, the
money is returned to you with the interest earnings on it.
However, in a recurring deposit,
you deposit equated monthly sums towards a larger whole. You can open an RD
account if you have a savings account with your bank and a proven source of
monthly income (since the deposit is auto-debited from your account every
month). It is a more affordable form of investment than the fixed deposit,
since you can pay as little as Rs 2,000 per month towards the account.
Leading banks in India offer competitive
recurring deposit interest rates. You can check the recurring deposit interest
rates being offered for certain tenures, and the minimum deposit amount to be
paid monthly, on your bank’s smartphone app or website.
How does it help your finances?
* It encourages you
to save. Though
each of us would like to save a part of our income every month, … » Read more
If you have not integrated email marketing into your digital marketing strategy, then you are missing out on highly qualified leads and new customers.
Everyone has and uses email. The use of email as a means of communication is not age-restrictive, and the best bit is that it works for millennials too. There is also the fact that the average person has a limited attention span of about 8 seconds when it comes to processing information. Email captures attention in less than those 8 seconds, so, it is the marketing strategy you should leverage.
The other benefits include:
The promise of high returns
As long as your products or services offer the value that your audience is looking for, the use of email to share details of your new products, a sale, newsletter, or a blog update goes a long way in capturing attention of interested customers who will, most likely share the email or buy from you.
Reports reveal that one email has the potential of generating $38 – this translates to 3800 percent return on investment. There is also the fact that 20 percent of the leads that are sent directly to your sales database are qualified leads from email marketing. Therefore, not using email marketing to communicate with your audience, especially as big PST tax lawyer is a big mistake. With great content, email is a great way of nurturing and qualifying leads.
At the same time, the use of email is cheap in the content creation process, as well as the creation of LeadPages, lead magnets, and opt-in pages. This marketing strategy also faces fewer government restrictions and compliance procedures.
Email marketing is superior to social media marketing
Your marketing consultants have probably informed you of the important need for you to take your business into … » Read more