Which earns you more Fd or Rd

Which earns you more -

FD or RD?

FD or RD? • FD and RD- both are pretty much popular investment plans in India.

• Both have their own advantages.

• But when you need to take a decision about where to invest, you have to research both of them in a well manner.

• To know more, read ahead.

Fixed Deposits (FD) • FDs are an investment instrument where you may invest a particular amount for a particular tenure.

• On this amount, a fixed rate of interest is paid.

• You have to deposit a sum at once.

• On maturity, you get the principal amount plus its interest.

Recurring Deposits (RDs) • Recurring Deposit scheme has been begun to spread the concept of daily savings.

• Here, you get a flexibility of saving a particular amount every month for a pre-decided period.

• On maturity, you get the applicable interest plus your invested amount.

FD Vs. RD • An FD allows you to invest at a time only whereas an RD allows you to deposit a particular amount at regular intervals.

• Fixed deposit lets you choose a tenure as small as 10 days and as large as 10 years.

• Interest rates are usually higher than the same of recurring deposits.

So what will you choose?

• Both- fixed and recurring deposits allow premature withdrawal.

• Take your time to think properly and then only, come to a decision about where to invest.

•Think properly and then invest your money anywhere.

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