Financial planning is vital for life. There is no later point in life when an individual cannot do the same. It promotes financial discipline, helps increase hard-earned money, and gives financial stability when necessary. However, financial planning may be complex, frequently dangerous, or unclear for beginners.
In the aftermath of declining interest rates and pandemics, individuals seek secure investment solutions that offer them attractive returns. NPS and FD are two of the most sought-after investment alternatives that suit the demands of the clients. Let us continue reading to comprehend both and determine the essential elements of FD vs NPS. A Fixed Deposit (FD) provides you interest on deposits locked in for a specified amount of time. Fixed deposit begins when you invest a set quantity of money for a limited time. The sum is then frozen, and you get your principal and interest only once the FD matures, i.e. when the investment duration is complete. Read: NATIONAL PENSION SCHEME VS FIXED DEPOSIT: CHOOSE THE RIGHT CHOICE
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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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