Should you opt for auto renewal of deposits?
The Hindu
Master savings account is the key to ensure your money stays on course to achieve life goals
Bank deposits form an integral part of an individual’s goal-based investments. An important decision you may have to take relating to bank deposits is whether to opt for auto renewal on maturity. In this article, we show why auto renewal may not be an optimal choice.
Bank deposits offer certainty in cash flows. Ignoring the small credit risk associated with such investments, you know the maturity value you will receive when you invest in a cumulative deposit. Similarly, you know the maturity value when you start a recurring deposit.
The election authorities are gearing up for the counting of votes cast in the simultaneous elections to Lok Sabha and Assembly seats in Andhra Pradesh, scheduled to be held on June 4. The Collectors and Election Officers of Visakhapatnam, Anakapalli and Alluri Sitharama Raju (ASR) districts said on May 23 (Thursday) that their teams were ready for the counting of votes.
Responding to the prolonged water scarcity, the residents of the area took to the streets in protest on Wednesday. The protest, which drew attention to their plight, stopped only after the intervention of the police. It was not until 1.30 p.m. that a 4000-litre tanker was finally delivered by BWSSB, providing relief to the water-starved residents.