Saving an account is a basic thing that Indian people have because saving an account you live in may be hard. Saving accounts offer 2.5% and 6% saving accounts offer you that you can withdraw money any time but are FD you should wait till tenure.
Guaranteed High Returns: When you are going to open an FD account the lender will ensure you that you are going to avail a high return after tenure. That means FD offers a guaranteed high return.
No-Risk Investments: If you are planning to invest in FD then invest any hesitation you can invest in FD because it offers zero risk investment but you should invest in a reputed lender.
High-Interest Rate: If we are talking about interest rate the FD interest rate is better than the saving account.
Low Investment Amount: you can start your FD by investing a lower amount or you can also invest a very large amount.
Fixed Monthly Income: if you are a senior citizen and you are looking for a monthly income then you can invest in FD the interest rate you earn from FD can avail monthly, quarterly or yearly basis it is up to you which slab you want.
Loan Facility: fixed deposit offers a loan facility you can avail a loan on your FD but the normal saving account is not any kind of offer regarding a loan.
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