Maitri_Maniya
TF Buzz
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?
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FD or RD: Which Gives Maximum Returns?
- Thread starter Maitri_Maniya
- Start date
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- Tags
- fixed deposit recurring
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.
NCD
TF Buzz
If you have money in your hand, Undoubtedly FD will give you more return than RD.
Maitri_Maniya
TF Buzz
also I recently came across the Blance App, which offers a recurring deposit scheme with a promised return of 10%. Is it legitimate and reliable? any review about this?
wiseinvestor
TF Buzz
Go with FD.
Also start you can start RD to collect fund for your next FD. Once you have sufficient amount, let's say 1L then make FD of that 1L
Also start you can start RD to collect fund for your next FD. Once you have sufficient amount, let's say 1L then make FD of that 1L
EternallyHopeful
TF Select
At fixed rate of return, a lump sum always gives more returns than monthly installments. That means, for the same duration and same rate of return, a lumpsum FD will always fetch more than an RD. So if you have lumpsum amount, for fetching more returns, the obvious choice would be an FD.
