When it comes to secure investments, Fixed Deposits (FDs) and Systematic Deposit Plans (SDPs) are both popular choices. Each offers distinct benefits depending on your financial goals and risk appetite.

Fixed Deposit (FD): FDs are lump-sum investments where you invest a fixed amount at once for a fixed period. The return is guaranteed and known in advance, making FDs a preferred choice for conservative investors looking for stability and assured returns.

Systematic Deposit Plan (SDP): SDPs allow you to invest smaller amounts periodically, similar to a recurring deposit or SIP in mutual funds. You can start with a small deposit every month, and each installment is treated as a separate FD with its own interest rate and maturity date.

Which one should you choose?

• Choose FD: If you have a lump sum amount and want stable, guaranteed returns over a fixed period.
• Choose SDP: If you want to build savings gradually and take advantage of varying interest rates over time.

Both options are low-risk and offer security. Your choice depends on whether you have a bulk amount ready to invest or prefer gradual monthly savings. Either way, aligning your choice with your financial goal is key to successful investing!

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