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In FDs,interest on maturity or interest quarterly,which is beneficial?
say for Rs.5 lakhs with 7.25% interest for an year
In Fixed Deposits  -  Asked by Rani -  1 year ago

Best Answer:
It all depends on your financial requirements. If you opt for interest on maturity the return will be more than quarterly. In case of interest on maturity banks offer compounded rate of interest so your money grows faster. To know which bank is offering Best FD rates visit rupeetimes.com.
1 year ago - By John

Other Answers (2)
show:
Answer 1.
You should invest with nationalized your money will be safe.
1 year ago - By Bebo
Answer 2.
If you want to save tax then you have to invest in tax saving fixed deposit in this 5 years is the minimum lock-in period. You can also invest in reinvestment plan in this you earn interest on deposited money plus on the interest you earn. Thus your interest gets compounded every quarter giving you higher returns.
1 year ago - By Raju
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