Pros of Fixed Deposits:
1. High rates of interest
2. Safety of your future
3. Lower risk as compared to risk involved in investing in stocks
Cons of Fixed deposits:
1. Protection against inflation.
2. One of the biggest drawbacks of having a huge part of your savings in a fixed deposit account is that you cannot withdraw funds during the tenure.
3. The risk factor.
4. Income Tax.
1. High rates of interest
2. Safety of your future
3. Lower risk as compared to risk involved in investing in stocks
Cons of Fixed deposits:
1. Protection against inflation.
2. One of the biggest drawbacks of having a huge part of your savings in a fixed deposit account is that you cannot withdraw funds during the tenure.
3. The risk factor.
4. Income Tax.
