Fixed Deposit or Recurring Deposit: Which Is Better? Here's How To Decide
Choosing between FD and RD depends on your financial goals, risk tolerance, and liquidity needs.
Stay updated with breaking news from Recurring Deposits. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Choosing between FD and RD depends on your financial goals, risk tolerance, and liquidity needs.
The NBFC announced different interest rates for RDs of various tenures.
The company said there will be an additional interest rate benefit of 0.10 percent for woman depositors. The minimum deposit amount would be Rs 1000 a month.
The need to enhance the scope of activities of these ‘vertically differentiated banks’ comes in the backdrop of five out of the 11 applicants who were given in-principle approval to start a PB in 2015, either not commencing operations or voluntarily giving up their certificate of registration.
Its important to note that the latter category, tied to the stock market comes with a risk factor making them susceptible to market fluctuations.