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FIXED DEPOSIT COMPOUNDING

 COMPOUNDING MONEY WITH
BANKS:



*Every bank has a fixed deposit rates according to their capacity or assets.

*So we take an example of fixed Deposit with an example of 7 percent per annum.

*We take an example of person A has decided to put fixed deposit in bank.

*So person A deposit 100000 with a bank in the interest rate of 7 percentage.
FIXED DEPOSIT 



*The person A earn 7000 every year as an interest.But the person A not only earn 7 percentage interest.

*He also able to take loan against fixed deposit with minimum interest.

*The person A has double the deposit in 10 years of time.He can also use the amount of fixed deposit as an emergency fund.


*This was we use our money to work for our money.

*This the one of the safest way of compounding our money with banks.

*In fact the whole bank is working our benefit.

*We without doing anything the money is making money.This is best and better way of investing.


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