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Which Gives Better Returns, FDs or Savings Bank?



If you see any richest person and if you feel jealousy, it means, you are feeling negative. You should increase your confidence by getting passive income. For this, you need to invest your money in Bank. Bank will give interest which will make you also rich.

Now, you have to understand which bank will give you good return.


1. On the Basis of Interest Received 

Fixed deposit gives you interest of 8% average and saving account gives you 4% average. It means, you will become rich fast with fixed deposit interest.

I have explained my Past Story : 

I had earned big money from advertising. Now, I have deposited in saving account. For many years, I kept it in saving account. Like other's life, one day same advertising company closed deal with me. My active resource of earning had stopped. Then., I started to calculate that if I deposited money in fixed deposit instead saving account, I got enough money which I can use in the absence of advertising earning.

How did I Improved My Mistake 

I simply went to bank and converted my saving account fund into fixed deposit account fund.


2. Loss Due to Forgetting

All know above major fact, then why I am writing this content

Truth 1 : I got first sponsored service reference.

Better Truth 2 : You know that I don't work for money. If I work for money, I already got free content from same company  and also got Rs. 5000 for sponsored reference fees, it was easy. Just publish his content and earn money. But, it will reduce the value which I want to give the value to my accounting education community. This is my real earning and success of my life. I am already earning from my hidden resources also.  I have very huge and good earning from my own selling of own ebooks and courses. But, when I have read the title of content, I have inspired from it because my past story which I have mentioned above is related to this content.

God has given two brain. One is active brain and second is sleeping brain. When we know the benefits. we start to compare with better benefits. For example, saving account fund helps you to withdraw money in emergency fastly. But fixed deposit needs time to convert it in liquid. We can not withdraw Fixed deposit money through ATM. Now, we start to prefer big benefits. Due to this, we keep on comfort zone. But, this comfort zone is not comfort zone in reality. I kept more in saving account than emergency fund. Due to this, I loss the opportunity. Moreover, I forgot the opportunity because this fact went to my sleeping brain. Now, situation was adverse. Same thought came and I told that I would better if I deposited unused money in Fixed Deposit. That is reason, I recommend all to save extra in Fixed deposit because it will help you grow fastly. Otherwise, you can forget this fact like me.


3. Get Fast Loan on Your Own FD at Cheapest Interest

You can not get loan on your saving account but you can get loan on your fixed loan. For example, you need 7 Lakhs out of Rs. 10,00,000 fixed deposit. You can get loan at 1% because your FD's receivable interest will adjusted with payable interest. All will done very fastly.


4. Sweep in Fixed Deposit

 This financial term, I have read first time. But thanks god, it is so simple. I understood easily. It means, if you have the Rs. 15,00,000 in your current or saving account. You go to bank and told after the end of 3 years, if I don't withdraw, please convert Rs. 10,00,000 into fixed deposit. Now, bank's software will set your saving or current fund into Sweep in Fixed Deposit mode. For example, if you forget to convert your saving account into fixed deposit account, bank's software will do same like your mobile app automatically clock at the morning time or you can watch youtube video in auto mode. In the time of software, possibility and potential have grown.

5. Fixed Deposit is Better Habit than Saving Habit

Because if you need money, you can withdraw. But, you can not fix whether it is for necessity or expenses which will zero value in future or grow your business.At the time of emergency, you will no money. Fixed deposit increases your better habit. At the time of emergency, you will enough interest which you will got from fixed deposit.

6. Fixed Deposit  Save from Saving Account Fraud

If you have saving account and all fund in it, there is chance of withdrawing money through your ATM due to misplace or getting your PIN or hack your online saving account. Fixed deposit can save from it. It is also in kind return. For example, Mr. A want to keep all money in saving account. One day, Mr. B has taken his ATM and also got his ATM no. Then, he made his own internet banking account and change his mobile no. to his own no. He kept the ATM where he took. Now, Mr. A was only sending money and Mr. B is withdrawing money. When Mr. A awakes, there was nothing in his pocket.


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Accounting Education: Which Gives Better Returns, FDs or Savings Bank?
Which Gives Better Returns, FDs or Savings Bank?
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Accounting Education
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