A Fixed Deposit is one of the most popular investment options introduced in the market. Most of the banks and NBFCs offer long and short term investment option which means you deposit your money and take a good interest till tenure.
The interest rate diversifies to the particular money which you want to park. The rate also depends on the plan which is selected by you. The short term Fixed Deposit has the maturity term 7 days to 12 months. The interest rate fluctuates. It is your responsibility to keep updating yourself.
Advantage of short term investment:
- Having an FD account you can avail loan on FD without any granter and paperwork.
- While investors prefer long term investment but short term investment also gives you good returns.
- Most of the banks and NBFCs offer flexible tenure and an easy application process less documentation. Making it hassle-free for customers.
- If you select the brand company or bank for FD then you can get a good return at tenure.
- Having an FD account you can avail loan on FD at a very low rate of interest with less documentation. If you are looking for the best and short term investment in FD then there are many options available in the Indian market select as per need and convenience. Because this is the natural thing people want to get the best return in the short term then you should go through with FD.
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