Banking Services
Demat Account
A Demat account, short for dematerialized account, is an electronic account that holds shares and other securities in a digital format. It is the equivalent of a bank account, but instead of holding money, it holds securities such as stocks, bonds, mutual funds, government securities, and exchange-traded funds (ETFs).
Recurring Deposit
A Recurring Deposit (RD) is a financial instrument offered by banks and financial institutions that allows individuals to save a fixed amount of money on a regular basis for a predetermined period of time at a fixed interest rate. It is a systematic savings plan that helps individuals build a corpus over time.
Mutual Funds
Mutual funds are investment vehicles that pool money from multiple investors and invest it in a diversified portfolio of securities, such as stocks, bonds, money market instruments, and other assets. They are managed by professional fund managers who make investment decisions on behalf of the investors.
Systematic Investment Plan (SIP)
​A Systematic Investment Plan (SIP) is an investment strategy offered by mutual funds that allows investors to invest a fixed amount of money at regular intervals (usually monthly) in a mutual fund scheme. It is a disciplined approach to investing and is suitable for individuals looking to invest in mutual funds over the long term.