Does a fixed deposit counted towards the saving account’s minimum balance?

No, a fixed deposit does not count towards the minimum balance. I do have to appreciate you, if you come to this article searching such a logical question. The minimum balance requirement is for Saving Accounts (and Current Accounts), it is not waived if you do any other business dealings with the bank. Technically, a […]

Why should you invest in fixed deposits?

Fixed Deposits

A fixed deposit, commonly known as an FD, is a financial instrument provided by the monetary institutions. You can earn a fixed interest rate if you save your funds as a fixed deposit in a savings account. This type of deposit is popular because of the stability it offers. An FD will earn a higher […]