Fixed Deposit is the best investment tool that banks and non-banking financial institutions offer at the highest fixed deposit rate. you can invest your sum of amount for some specific period, the range from 7 days to 10 years.
A fixed Deposit locking period means you will not able to break your FD without paying a penalty. you can not add more money in a single FD account for that you will have to open a new FD account.
Interest Rate: The fixed deposit interest rates is higher than others. FD offers two types of interest rates first one is the recurring deposit and the second one is a fixed interest rate, you can avail of your interest rate only once in a year. The internet rate you earn through FD is taxable up to 5000.
Safety: Safety is the more important factor before investing in any kind of investment, I will recommend you check the CRISIL rating of the financial institution before investing.
Require Document: Basically, the PNB Housing Finance FD requires less document so it offers quick service. it's required basic documents like Aadhaar card, PAN card this is the document required for open FD account.
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