We all aware of life uncertainty, this is unpredictable but we can repair for the uncertain future. Al the preparation will don easily but the main preparation is financial planning. This is the most important planning if we enjoy in the present we also save for the future. Want to save for future read some investment tool.
What is FD?
Fixed Deposit (FD) is the best and famous investment option this is now trending in India because of some attractive features. When the money is invested its starts earning the FD interest rate is depend on the tenure, investment fund, and the lender. Generally, the interest rate range is 3% - 9%.
Benefits of FD:
- No risk investment or we can say zero risk investment option it is not affected by the market fluctuation.
- This is a easy to withdraw you should visit your nearest branch and fill a FD withdrawal form and collect your fund within an hour.
- The Fixed Deposit interest rate is comparatively high than other investment option
What is RD?
RD stands for Recurring Deposit; this is a type of FD. The main difference the interest rate you earn from your FD you can avail interest rate on a monthly basis.
Benefit OF RD
- This is also a no-risk or zero risk investment
- You can avail interest rate on monthly basis
- offer a good interest rate.
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