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if it's lumpsum, then FD. if you invested all your lumpsum into FD and want to prepare next lumpsum means put it into RD.I'm trying to decide between Fixed Deposits (FDs) and Recurring Deposits (RDs) for the best returns. I can invest either a lump sum or monthly. Which option offers the highest returns?
If you have money in your hand, Undoubtedly FD will give you more return than RD.I'm trying to decide between Fixed Deposits (FDs) and Recurring Deposits (RDs) for the best returns. I can invest either a lump sum or monthly. Which option offers the highest returns?
Wrong. How can RD give better than FD is interest rates and duration are same.Both effectively give arounf the same rate of interest.
In RD compounding effect gets you more than what you get in FD.
Decide based on your income streams.
Both are not giving best returns. Even less return than inflation.
FD has TDS.
If you are in 30% tax slab. You will get nothing after tax deductions.
Upto 5L only covered in insurance. If you 50L in FD, the bank goes bankrupt, you will get only 5L. You will lose 45L.
Both FD and RD have locking period. If you would need money you will have to penalty.
For long term, invest on Equity Mutual Funds.
For Short term, invest on Debt Mutual Funds.
These banks are too big to fail. They are part of economy. If they fail Indian economy collapses.Govt of India, had officially notified that 3 big banks as fundamentally so strong that there is hardly any chance of failure.
So, that notional safety ceiling level of 5L does not apply for these 3 banks. SBI (22,500+ branches), HDFC (8,800+ branches)
and ICICI (6,600+ branches) are so widely spread, it is so much easier for anyone - anywhere in India - to open either a FD or
a RD in any one of them - either offline or online.
only Equity MF has high risk and high reward.Even in MF, there is a chance of losing some of the realisable value of the corpus invested. Experienced investors can vouch for this.
In Debt Mutual Funds, Over night funds, Liquid Funds are less risk than FD and RD.The OP wanted to know which is better - between the FD and RD.
There are more than a handful of other options also available for those who are willing to take some (a lot of) risk.
Even in MF, there is a chance of losing some of the realisable value of the corpus invested. Experienced investors can vouch for this.
Govt of India, had officially notified that 3 big banks as fundamentally so strong that there is hardly any chance of failure.
So, that notional safety ceiling level of 5L does not apply for these 3 banks. SBI (22,500+ branches), HDFC (8,800+ branches)
and ICICI (6,600+ branches) are so widely spread, it is so much easier for anyone - anywhere in India - to open either a FD or
a RD in any one of them - either offline or online.
Invest on GILT debt mutual funds.The OP wanted to know which is better - between the FD and RD.
There are more than a handful of other options also available for those who are willing to take some (a lot of) risk.
Even in MF, there is a chance of losing some of the realisable value of the corpus invested. Experienced investors can vouch for this.
Govt of India, had officially notified that 3 big banks as fundamentally so strong that there is hardly any chance of failure.
So, that notional safety ceiling level of 5L does not apply for these 3 banks. SBI (22,500+ branches), HDFC (8,800+ branches)
and ICICI (6,600+ branches) are so widely spread, it is so much easier for anyone - anywhere in India - to open either a FD or
a RD in any one of them - either offline or online.