Question

Please list 3 benefits/advantages of investing your money in fixed deposite

Answer 1

1, Assured return - The investment in the fixed deposit is assured a return. the investor gets interest on the deposit.   Banks in India provide a 7 % to 8% interest on fixed deposits.

2, Flexibility- the fixed deposit is flexible. the investors can choose 7 days to 10 years deposits

3, Flexible payment- the investors can choose how the receiving of interest like annually, monthly, or during maturity.

4, encourage saving habit-

5, Safe and Risk free