NEWS & ADVICE : FIXED DEPOSITS
For what purpose do you want to invest in an FD?
By Neelima Shankar
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Floating rate deposit

Most FDs carry a fixed rate of interest and a fixed tenure. However, some banks and non-banking finance companies (NBFCs) have deposits that have a floating interest rate. HDFC, country's largest mortgage lender, has a floating rate deposit where the interest rate is declared every quarter.

Reinvestment of interest

Some banks provide the facility of reinvesting the interest earned at the prevalent rates. Suppose you are earning Rs.2000 as interest every quarter. The bank will start a new FD with this amount at the prevailing interest rates.

No penalty

Fixed deposits are instruments with fixed tenures and if the depositor withdraws amount before the maturity, the institution charges a penalty. In such a case, the overall return is less.

 

However, there are some banks that do not charge this penalty if the FD is broken before the maturity. For investors seeking flexibility, such deposits come quite handy.


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(Comments Posted : 1) Post Your Comments
1. Welcome to Thomas Credit Firm, I am an international business man and Lender that has offered Loans to so various individual and firms in Europe, Asia, Africa and other parts of the world. We give out our Loan for a interest rate of 2% per annul for a minimum of 100.00 to a maximum of 100,000,000.00 rubles, dollars, pounds, euros, etc. The maximum loan term we can offer is 30 Years at fixed interest rate.
Available Loans
* Personal Loans (Secure and Unsecured)
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Interested candidates should please contact us today for your online quick and easy loan without collateral deposits. Email: thomascreditfirm@gmail.com

Sincerely,
Thomas Dawson (Posted: Jul 9, 2015)
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