Close

Delete Collection?

Are you sure you want to delete this collection permanently?

Close

Delete Collection?

Are you sure you want to delete this collection permanently?

Everyone has a Story to Tell and an Experience to Share!

Let’s Start Writing
9826f8db-c418-4a9a-b330-918b314378ef

Taxi App Development Service In India

BR Softech is a leading mobile App and game development company in india

Taxi services are one of the fastest moving in the market as it has an ongoing demand for taxi services. Online Taxi app is mostly used to reduce the time of transportation. Online Taxi services were introduced in the London and New York City. In this digital era, maximum people use a smartphone to search their nearby cab booking services. Nowadays the utmost of the people prefers online taxi cab similar like Ola and Uber, to save energy and their valuable time. If you are thinking to start an online taxi business, this is the right time to start your own online taxi booking business.

xcontent_web-uber-getty

BR Taxi booking application is one of the popular taxi booking clones to build an app similar to ola and uber. Our ready-made cab clone script is easy to use and user-friendly and already purified. Today, more than 200+ businesses use our clone and get success in a short period of time. Our script is built by expert programmers and developers, if your business model has required some changes in our clone we will do it for you. For App similar like Uber and OLA you can use our clone script. Our script is built in core PHP and easy to install and don’t need to install any third party framework. For more information about BR TAXI visit our website and feel free to contact us we provide this service at affordable prices.


Related Articles

SEBI found that more than 95% of Indian households preferred investing in fixed deposits (FDs) back in 2017. Few reasons behind the popularity of FDs are their high rate of interest, variable tenors, and availability from the majority of financial institutions.

There are two types of fixed deposit: cumulative and non-cumulative, offering different interest pay-out frequencies.

Cumulative Fixed Deposits

Cumulative FDs provide returns after maturity. Meaning, you receive your investment along with interest after the completion of its tenor, which can range from 12 to 60 months.

You can invest in a cumulative fixed deposit if you have long-term plans and a higher rate of interest.

When to opt for a Cumulative FD?

Cumulative FDs are exceptional when you seek to expand your savings. These can also be helpful if you have a big-ticket expense lined up. For example, invest your savings for 5 years if you are planning a wedding at that time.

Non-Cumulative Fixed Deposits

Another type of FD is a non-cumulative fixed deposit which provides interest returns on a monthly, quarterly, half-yearly, and annual basis. The principal amount remains invested throughout the tenor, and you only receive the interest depending on the chosen frequency.

The interest rate on non-cumulative FDs depends on the interest payout frequency. Annual pay-outs will provide a higher rate of interest than monthly ones.

When to opt for a Non-Cumulative FD?

Non-cumulative fixed deposits are superb if you want regular income. These FDs can help you to manage your recurring short-term expenses and monthly obligations.

Benefits of Cumulative and Non-Cumulative FDs

Lucrative Rates of Interest

Bajaj Finance offers Fixed Deposits with the rate of interests that can go up to 8.75%. Senior citizens also receive an additional 0.35% interest. You can also opt for a special 15-month fixed deposit that offers 0.25% more interest.

Guaranteed and Assured Returns

Returns on fixed deposits are guaranteed and assured as these are not market–linked, unlike mutual funds.

Comes with Stable Ratings

Both these types of fixed deposit hold FAAA rating from CRISIL and MAAA rating from ICRA guaranteeing their safety and stability.

Income Tax Benefits

Investing in tax-saver fixed deposits with a lock-in period of 5 years can help you avail tax benefits. You can claim tax benefits of up to Rs. 1.5 Lakh in a year under Section 80C of the Income Tax Act.

Offers Flexibility

Some financial institutions even offer the option to withdraw funds from your fixed deposits anytime against a minimal penalty charge.

Loans Against Fixed Deposits

You can avail Loans Against Fixed Deposit from Bajaj Finserv. While their cumulative FDs offer up to 75% of the sum available as loan amount, non-cumulative FDs provide up to 60%. You also don’t have to go through a lengthy documentation process or pay charges when foreclosing or part pre-paying the loan.

Make sure to calculate your returns before you invest in any of these types of fixed deposit. An FD interest calculator can help you out precisely to do so.

Reference Image
Close