Most people invest in RD to get a fixed return on maturity. Other than this, there are several benefits of using a RD calculator.
Although recurring deposits are a secure investment choice with a mostly assured return on investment, it is advisable to take the following aspects into account before opening an account for recurring deposits.
Interest Rates Offered: Banks provide a variety of interest rates for various term lengths. Various banks often provide recurring account holders an interest rate that runs from 3.5% to 8.5% p.a. The chosen deposit tenure affects the return rates. The rates on medium-term deposits are often the highest. Long-term deposits often have somewhat lower interest rates since the depositor will make a larger profit altogether.
What Are Corporate FDs? How Different Are They From Bank FDs? Fixed Deposits have always been a favorable investment option among investors who look forward to consistent returns over a period. Many folks relate fixed deposits closely with banks...