Fixed Deposit Double Scheme is meant to double your investment over a specific period of time. It is the interest earned that eventually doubles your money. Fixed Deposit Double Scheme: We all want to earn more money in a short period of time. There are many popular methods wherein; individual can invest in the share … Read more
Are you stumped by the interest calculations on fixed deposit? In this post, we will make you understand how to calculate returns earned on your FD? Or we can say, you’ll know how an Fixed Deposit Interest Calculator or an FD calculator works? Don’t worry, if you have never laid hands on Fixed Deposit Calculator … Read more
Fixed Deposits or their close cousin RD’s (Recurring deposits) are the most popular saving instrument in India. According to RBI, Indians invested approximately Rs 6800 Billion in fixed or bank deposits that means more than 55 % household savings are invested in Bank deposits. While Fixed deposits or FDs are popular because of the risk-free nature … Read more
Ans.Investing in FDs has been a traditional method of saving by Indians.But, there are numerous other ways to invest your money for short duration like : Short term mutual funds Liquid funds Arbitrage funds ELSS Fixed Maturity Plans(FMPs) For further details refer 7 Best Short term investments .