Fixed deposits allow you to invest in a secure account that provides you with a higher rate of interest. It also offers you a 0.50% interest rate for senior citizens.
If you are confused about deciding the best investment s https://rik88.bet/ https://1go88.vip/ option, between the SIP or FD, then this article helps you make the right decision.
What is FD
An FD (fixed deposit) is an investment option that permits people to put in a lump sum for a fixed term. You can get FD services online from banks or non-bank financial companies. Keep in mind that you are unable to break your FD within the tenure.
If you still want to break your FD during the tenure, you must pay your bank some fees. When the FD tenure is complete, the whole invested amount, with interest, is sent to the person’s account.
What is SIP
SIP (systematic investment plan) is another option that permits people to put in a small amount of money every month. SIP work like a stepping stone for investors with mutual funds.
SIP also works like a goal-oriented investment. The best thing is that people can easily achieve their objectives and fut