The biggest question that an investor face while investing in the fixed deposit is whether to opt for short-term investment or a long-term investment in a fixed deposit. Basically, the investor has to decide how long they want their FD tenure or their lock-in duration.
The answer to this problem lies in the way the investor spends his or her money or on the other investment options available in the market.
The investor must read thoroughly and check all schemes offered by the financial institutions or non-financial institutions. The investor must delve upon each and every aspect of the basic differences in fixed deposit.
What is a long term investment? What are the benefits attached to it?
Read more here: WHY FIXED DEPOSIT WORKS FOR THE LONG TERM?
Fixed deposit 