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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
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