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Bank Deposit Insurance Strategy

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To insure a total of INR 20 lakhs in an FD, it should be split into four separate accounts, each with INR 5 lakhs.
"to insure the entire 20 lakhs you should have four different accounts of 5 lakhs each"
Finance With Sharan Finance With Sh...
Aug 1, 2023
Pending
How To Split Wedding...
A strategy to maximize deposit insurance for INR 20 lakhs involves creating multiple FDs: one in the individual's name, one in the mother's name, and two joint accounts with the mother as the primary beneficiary in both.
"one FD will be in your name second FD will be in mommy's name third FD is a joint account with Mommy..."
Finance With Sharan Finance With Sh...
Aug 1, 2023
Pending
How To Split Wedding...