Overall Financial planning


  1. 1. FDs are opened in banks for altered periods (Usually 3 to 5 years)
  2. 2. The Money put resources into an altered deposit develops at a rate of premium choose by the bank.
  3. 3. The Money is payable toward the end of the Fixed expression.

FDs – Pros and Cons


  1. The rate of interest is fixed.
  2. The investment is safe in a nationalized bank or Post office.


  1. The growth is restricted by the rate of interest.
  2. Premature withdrawal of FD attract a penality.
  3. The rate of interest is low and barely manages to beat inflation.