As a newbie investor, you can question the age-old wisdom of having money in fixed deposits. Since generations, people have been trusting banks and post offices to fulfill their financial goals. Let us see the various advantages and disadvantages of fixed deposits account to help you make an informed decision.
Advantages of Fixed Deposits Account:
Safe and Secure:
A fixed deposit is…
People who are looking for simple and stable investment options prefer investing in a savings account or a fixed deposit plan. Though both these instruments are safe, the savings account might not provide sufficient returns even if you keep your savings intact for a longer period. This is because the interest rate of FDs is usually twice as much as the interest rate offered by savings…
