What is the difference between Fixed and Floating Rate
Whenever people have some money deposited Fixed Deposit (FD) remains the first choice of people
ble or triple
.
If a person invests in fixed rate fixed deposits, then
he gets guaranteed returns
.
They remain same till maturity.
If the rate of interest falls in between. Even then you
are going to get the money accordinglys
If a person invests in the floating FD , the interest rates which are there till the time
of maturity keep changing.
Since the Reserve Bank of India (RBI) is the rate of interest at a
given time. He keeps on changing it.
In such a situation, if the bank increases the interest rates on FDs, then your FDs.
In that too, increased interest rates are charged
In how many years will the money be four times?
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