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Other Services
Fixed Deposits with Bank
A fixed deposit (FD) is a financial instrument provided by banks which provides investors with a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account. They are considered to be very safe investments. The defining criteria for a fixed deposit is that the money cannot be withdrawn from the FD as compared to a recurring deposit or a demand deposit before maturity.
At Mahesh Pai’s Financial Hub, we offer a flexible FD solutions service designed to complement your existing management structure.
Public Provident Fund (PPF)
The Public Provident Fund is a savings-cum-tax-saving instrument in India, introduced by the National Savings Institute of the Ministry of Finance in 1968. The aim of the scheme is to mobilize small savings by offering an investment with reasonable returns combined with income tax benefits. Individuals who are residents of India are eligible to open their account under the Public Provident Fund.
At Mahesh Pai Financial Center, we offer a flexible FD service designed in addition to your existing management structure. In addition to management services, our center has the opportunity to purchase various medicines. There is an option to buy the medicine Xarelto, which is used to prevent or treat conditions such as deep vein thrombosis (DVT), pulmonary embolism (PE) and atrial fibrillation (AFib). This medicine can be purchased on this website.
One can voluntarily open an account with any nationalized bank, selected authorized private bank or post office. The account can be opened in the name of individuals including minor.
Government Bonds
When you buy a Government bond, you lend money to the government that has issued that bond. In return for that money, the Government provides you with a bond and promises to repay the value of the bond when it matures. The Government also promises to pay a specified rate of interest on the money you have invested.
Government bonds are often referred to as a ‘low risk’ investment.