·
FD stands for Fixed Deposit. It is a financial instrument provided by banks or NBFCs which provides a higher rate of interest than any other savings account. Here are the top reasons why FD is better than saving account:-
- Better Interest Rates
- Better Prospects for Senior Citizens
- Flexible Payouts
- Pre-emptive approach
- Better Options for NRIs
- Secure
- No risks of market fluctuations
- FD promotes the habit of savings
Check:- PNB FD Interest Rates
Based on above mentioned factors we can say that FD is the best option. Before investing in Fixed deposit major factors to consider like high interest rates, credibility of the FD provider, Penalty rates,Interest payout option, Terms and conditions, etc.
Must Read:
