Long-term FDs and short-term FDs vary in terms of tenor, but these may have a greater impact on your investment. It is hence, important to delve deep to understand their basic differences, so you can invest to reap more profit.
If you’re looking to earn more from your deposit amount, consider investing in long-term FDs. When you invest for longer tenor, your principal amount compounds over time, enabling you to earn more interest. On the other hand, short-term fixed deposits enable you to ladder your investments, so you can benefit from better liquidity and increasing FD interest rates.