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#Fixed deposit management software download#
There are numerous free applications that you can download onto your device, which will help you keep a track of all your investments along with the interest rates. When you have many fixed deposits that are invested at different interest rates, it can sometimes get quite complex to keep track of all your investment deposits. This will help in keeping your fixed deposit intact and will also help you cater to your urgent need. However, when you take the loan or overdraft from your own fixed deposit, it will just cost you 1 or 2 percent more than your fixed deposit interest rate. In a normal scenario, when you take the loan from the bank individually, you are bound to be levied a higher interest rate. With this method, you can choose to break the smaller deposit and keep the bigger one intact.īanks provide the facility of overdraft, which is basically a scenario where you have the option of taking a loan from your own fixed deposit. This will be better than investing all the money for a fixed period of time, as this method helps in keeping a backup for times of emergency. One should be invested for 2 years and the other for 5 years. 5 lacs, the logical step as per this method of prioritizing your investments would be to make two fixed deposits of Rs. Let's take an example if your amount is Rs. This essentially means that you should break your amount into reasonable blocks and systematically arrange them by the periods they are invested for. When deciding to invest in fixed deposit accounts, the first thing you shall do is prioritize your investment periods. The tips given below can help in managing them in an efficient and precise manner: However, managing multiple fixed deposit accounts is not an easy task. There are many other reasons behind why one should opt for more than one fixed deposit account, including the ability to reinvest your interest among other things. This is the main reason behind why many individuals prefer to open more than one fixed deposit account to secure their future. The security that fixed deposits provide is an aspect that makes them extremely preferable for the purpose of developing a stable support system for your financial future. University School Relationship Management.YES:Head-Startup - Curated Banking Solutions for Startups.Latest GST News - Insights on GST - YES Bank.