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Difference between revisions of "Bank Deposits"

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(Created page with "{{Alphabets}} Bank Deposits hardly beat inflation. However, they offer guaranteed rate of return in the form of Interest. They are highly liquid and the most sought after in...")
 
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Use Bank Deposits to the level they are essential for you.
 
Use Bank Deposits to the level they are essential for you.
  
For example, they can be used for saving money for use in emergency.
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For example, they can be used for parking money for use in an emergency.
  
However, it will be unwise to use Bank deposits to save for your retirement which would probably be 20 years away!
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However, it will be unwise to use Bank deposits to save for the purpose of retirement which would probably be 20 years away!
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Those who are already retired or senior citizens can use a part of their overall corpus in the form of Fixed Deposits to earn regular interest.
  
 
==Relate Lessons==
 
==Relate Lessons==

Revision as of 23:33, 13 November 2018

HomePersonal FinanceMutual FundsEquity

Bank Deposits hardly beat inflation.

However, they offer guaranteed rate of return in the form of Interest.

They are highly liquid and the most sought after investments.

Use Bank Deposits to the level they are essential for you.

For example, they can be used for parking money for use in an emergency.

However, it will be unwise to use Bank deposits to save for the purpose of retirement which would probably be 20 years away!

Those who are already retired or senior citizens can use a part of their overall corpus in the form of Fixed Deposits to earn regular interest.

Relate Lessons

HomePersonal FinanceMutual FundsEquity