When you invest your hard-earned money in any investment scheme, you will always want to get the best return on investment (ROI) without risking your invested money. In this case, fixed deposit or FD will be the best option. A Fixed Deposit is a term-based investment plan, which is the most reliable investment option. You can get an assured return on investment at the end of the tenor if follow a proper fixed deposit investment tips. The best part is that the ROI of an FD is not impacted by the fluctuations of the market. But, once you have invested you should wait till the maturity date. You should not withdraw the amount before the end of the tenor or its maturity. If you withdraw, you need to bear the premature fixed deposit withdrawal penalty and you will also have to face loss in the interest income. If you are still thinking about premature withdrawal of fixed deposit, you can use the FD premature withdrawal penalty calculator to calculate the loss. But, do remember some vital facts if you are withdrawing the money prematurely:
To know these factors in details, read: https://www.mindstick.com/Blog/11900/4-reasons-why-premature-withdrawal-of-your-fixed-deposit-is-not-a-good-idea
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8/1/2022 06:03:54 pm
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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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