The decision to invest the money for the future can be a daunting task. There is a wide range of potential investment instruments out there, so there is a lot to choose from, but it can also cause confusion. The fear of potential risks associated with equity, mutual funds and other fixed deposit investment can be a major deterrent for people who have never invested. It does not mean, however, that one should stop saving money in a regular savings account for a long period. You can choose from several investment options that reduce your level of risk to virtually negligible levels while giving you decent returns on investment. Fixed Deposit investment is one of the safest and most sound investments beginners can make. The best part is that you can calculate the fixed deposit maturity amount in advance using the Fixed Deposit calculator.
The term fixed deposit (FD) refers to a financial product where money is invested at a fixed interest rate to be held by a bank, post office, or non-banking financial company (NBFC) for a certain period. A fixed deposit’s interest rate will remain applicable throughout the term of the FD, regardless of any market conditions. FD maturity amount can be calculated easily using the online fixed deposit calculator tool. In addition, a fixed deposit will automatically be renewed for the same duration if the money is not collected and the investor gives no further instructions.
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About Author:Aman is working in the domain of Investment management in one of the top universities. He has published research papers and case studies in Investment and Fixed Deposit marketplace. He is an avid blogger in the domain of Investment management. you can also find him on social networking platforms. Archives
August 2022
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