What is a Bank Fixed Deposit?
Fixed Deposit, also called Term Deposit is an investment where the interest rate is guaranteed not to change for the nominated term, so you know exactly what your investment is worth.
Anil Rego, CEO & Founder, Right Horizons
Till recently FMPs were winning the battle due to their tax advantage, but with the new tax rules have created a more level playing field.
Ramalingam K, Director & Chief Financial Planner, holisticinvestment.in.
People, who invest in FD, think that it’s a one time investment and they don’t need to check it constantly. Unfortunately, that’s a wrong notion. Since, if you don’t know, let me tell you, FD returns attract higher taxes.
Note : You are requested to reconfirm the rates from the respective institutions before making any financial commitments.
Fixed Deposit by Banks
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.