💨 Abstract

This article discusses strategies for maximizing returns on Fixed Deposits (FDs), a popular savings instrument in India. Choosing the right payout option, tenure, and bank/NBFC is crucial. Cumulative FDs compound interest and are beneficial for long-term growth, while non-cumulative FDs offer regular payouts. Comparing interest rates across banks and NBFCs is essential, as some may offer higher rates.

Courtesy: theprint.in

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