Know about Fixed Deposit | Recurring Deposit (Tamil) (தமிழ்)

Fixed Deposit - A fixed deposit (FD) is a financial instrument provided by banks or NBFCs which provides investors a higher rate of interest than a regular savings account, until the given maturity date.
Recurring Deposit - A recurring deposit is a special kind of term deposit offered by banks which help people with regular incomes to deposit a fixed amount every month into their recurring deposit account and earn interest at the rate applicable to fixed deposits. It is similar to making fixed deposits of a certain amount in monthly installments. This deposit matures on a specific date in the future along with all the deposits made every month. Recurring deposit schemes allow customers an opportunity to build up their savings through regular monthly deposits of a fixed sum over a fixed period of time. The minimum period of a recurring deposit is six months and the maximum is ten years
Both fixed and recurring deposits are good options for short term and low risk investments.

[@ajajmal]

Bro how much money we can carry to foreign for tour pls any one tell