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To save your earnings, many ways of investment are present in the market, with a stock option to earn profits in a hurry and there are schemes like bank FD and RD for long -term investment. In such a situation, if you want to invest for at least 5 years, then both of these can prove to be a better option for you. Let us understand which and where you can earn more profit by investing.
Talking about investing in FD, investors can invest outright in it and along with Sarakari, private banks also offer different interests in different times. Such as senior citizens and offer separate interest for the common man. Generally, FDs get more interest than RD scheme. At the same time, it invests at once and gets annual fixed interest.
What is rd scheme
Where on one hand investment in FD is done at one time. On the other hand, investors can also add monthly amount to RD scheme. This scheme has been started by the post office. In this, the value of investment is 60 months i.e. in 5 years. It currently gets an interest of about 6.7 percent annually, which is counted according to the quarter. The special thing about both FD and RD scheme is that there is no risk in it.
Who is better in FD and RD?
You get a fixed interest on both investment options. The interest on FD is different according to the bank. For example, on SBI FD, the common man gets interest ranging from 3.05 percent to 6.60 percent. At the same time, the bank offers up to 7.10 percent interest to senior citizens. In such a situation, if you deposit Rs 7 lakh in the FD of this bank, then you will get a maximum of Rs 9.66 lakh on it. On the other hand, the value of 5 years investment in RD scheme will be Rs 8.34 lakh.
Disclaimer-TV9 Hindi does not recommend investing in any fund or stock. This news has been made only according to general information. Before investing, take advice of experts.