Hi All
I want to open a fixed deposit of 2 lakhs online from HDFC bank for 2 yrs…It is asking few things and I am confused…as i do not know anything about fixed deposit.I want to get the best out of this fixed deposit and want to forget these 2 lakhs for 2 years.
In Nature of Deposit it asks for 3 options
A. Monthly Interst Payout
B. Quaterly Interst Payout
C. Rinvestment of Interst
Which option should I choose?
In maturity Instructions it is asking
Renew Principal and Interst
Renew Principal only
Do not renew
Pls advise which option should I take
And lastly Interst Payable at maturity etc..
Interst Payable mode
I want to forget this money for 2 years and want to get maximum benefit …so advise me accordingly..
Any other tips..pls advise..