A Fixed Deposit is a time deposit. The depositor is agreeing to keep the money deposited within the bank/NBFC for a specified period or until he receives a specified amount of interest.
The main attraction of fixed deposits for banks is that it gives them a chance to earn interest on money which otherwise would have been lying idle in their accounts.
It also gives an opportunity to investors who need some kind of risk free investment and help the middle-class to boost the Economy.
A NBFc FD or a fixed deposit, is one of the safest investment avenues. The amount that you invest in your FD is locked in for a stipulated period of time and its interest rate is much higher than normal saving schemes.
Fixed Deposit is a popular investment used by many people.
This is usually because of the good interest rates offered by the banks/NBFc for Fixed Deposits. If you have some money lying idle in your bank account.
Do consider investing it in Fixed Deposit as the interest rates offered are much more than any other type of savings instrument.
Fixed deposit is an investment made for a fixed amount of period. Every bank offers FD with different interest rates.
Fixed Deposits from PNB Housing offer one of the best interest rates. You can invest in a fixed deposit from as little as Rs. 10,000. Choose the duration that suits you and earn up to 6.25% per annum!
Get the information about fixed deposit here: https://www.pnbhousing.com/fixed-deposit/
When you invest in a PNB Housing Fixed Deposit, your money gets fixed for a term of one year to earn interest. This is a completely safe investment that brings you excellent returns.
Being a part of the most trusted bank in India, PNB Housing Fixed Deposit Account is safe and secure.
Also Read: https://blogfinanceadvisor.blogspot.com/2021/04/fixed-deposits-vs-savings.html
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