Investing your money blindly into any investment scheme is not at all a good idea. The smartest way will be to understand, evaluate, choose and then invest in a profitable scheme. An FD is a smart way of investment.
But before investing your money, make sure that you have a detailed knowledge about it. There are a few basic points that you need to keep yourself updated with, to start investing in the deposit schemes that interest you. Those 4 main factors that every investor should know, are:
- Understand how investment works
- Decide the tenure you would like to opt
- Check the limits-how much you can invest
http://www.broowaha.com/articles/26935/financial-literacy-here-are-4-basic-factors-that-every-fixe
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