Fixed deposits: How long will it take to double your money? @CAGunjanHirani #ytshorts #shorts
Fixed deposits: How long will it take to double your money?
For conservative investors, fixed deposits (FDs) are a logical choice for gradual wealth creation. Investing a small or large sum in an FD keeps your money safe and stress-free until maturity, with returns around 6-7% annually. However, to double your investment, an FD offering a return of 7.18% needs to be held for a minimum of 10 years. Most banks offer FDs for up to 10 years, but even with the maximum interest rate, reaching a 100% return within that period might be challenging.
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Видео Fixed deposits: How long will it take to double your money? @CAGunjanHirani #ytshorts #shorts канала CA Gunjan Hirani
For conservative investors, fixed deposits (FDs) are a logical choice for gradual wealth creation. Investing a small or large sum in an FD keeps your money safe and stress-free until maturity, with returns around 6-7% annually. However, to double your investment, an FD offering a return of 7.18% needs to be held for a minimum of 10 years. Most banks offer FDs for up to 10 years, but even with the maximum interest rate, reaching a 100% return within that period might be challenging.
-------------------------------------------------------------------------------------------------------------------------
Subscribe to my YouTube channel: https://shorturl.at/mMM1D
-------------------------------------------------------------------------------------------------------------------------
Like, Share, Subscribe for more!
Follow me on my other social media handles for all updates..
Instagram: https://www.instagram.com/cagunjanhirani
LinkedIn: https://www.linkedin.com/in/ca-gunjan-hirani-452b5145/
-------------------------------------------------------------------------------------------------------------------------
#shortsoftheday #shortsdaily #ytshorts #finance #india #financialfreedom #education #trending #FixedDeposits #InvestmentAdvice #WealthCreation #SafeInvesting #DoubleYourMoney #LongTermInvestment #FinancialPlanning #BankDeposits #ConservativeInvesting #InterestRates
Видео Fixed deposits: How long will it take to double your money? @CAGunjanHirani #ytshorts #shorts канала CA Gunjan Hirani
Fixed deposits: How long will it take to double your money? fixed deposit interest rates fixed deposit return Fixed Deposits Investment Advice Wealth Creation Safe Investing Double Your Money Long Term Investment Financial Planning Bank Deposits Conservative Investing Interest Rates FD Returns Money Management Investment Strategy Savings Plan Financial Security
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4 июня 2024 г. 18:30:12
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