Need A Financial Product Forums Trading/Investments Should I invest the entire amount in a single FD Should-I-invest-the-entire-amount-in-a-single-FD_REPLY

#48357

Bhavna Nanda
Member

In my view, splitting the amount in 8 FDs of Rs. 1 lakh each would be a better choice. Reason 1 ? FDs for a maximum of Rs. 1 lakh are insured against bank’s bankruptcy. Reason 2 ? In case of need of money, you ca do with breaking a single FD rather than breaking a FD for Rs. 8 lakhs.

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