Appraisal money can be invested in two ways – keeping it in savings account and investing it in a Fixed Deposit. While a savings account would grow your money at an interest rate of 4% to 6%; a Fixed Deposit can help it grow up to 7%. In simple terms, if you have got an appraisal or bonus of Rs. 2000, a savings account would increase up to Rs. 2040 at the end of a year. However, if you put that money in a FD, your money would grow up…
Read MoreGot an Appraisal? Don’t Let Your Money Sit Idle, Invest in FD
