Fixed deposit v/s Recurring deposit - Which is better?
Numerous a period's investors get confounded whether to invest in a fixed deposit or a recurring deposit for their investment destinations. The fascination for both these instruments is the fixed comes back with safety of money invested. Anyway when you look at the two, a fixed deposit scores higher than a recurring deposit. How about we perceive how these two items vary in the profit and when you ought to select them Features Both FD and RD are fixed income items accessible from banks. On the invested sum banks pay you a fixed premium which might be at a particular frequency work the term or on maturity. At the end of the term, the maturity sum which is your invested capital, alongside remaining or gathered premium is paid. Despite the fact that the enthusiasm of saving money items change with premium rates situation, in both these items once you have invested the premium rate stays same all around the term. As of late the high climbing rates have incited banks to offer hig