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