DMY: stands for daily, monthly, and yearly interest. If you choose DMY, you can earn interest from your principal amount, and you need to keep your principal amount with the insurer to earn regular interest.
Maturity or Closing Amount: If you don't like earning interest daily, monthly, and yearly and prefer to withdraw the money all at once after it has matured, you should choose the maturity amount. With the maturity amount, you will be able to receive more than DMY because it will start earning interest on your matured amount from the following year.
FD (Fixed) is an investment instrument offered by banks or NBFCs Where you can invest your money and earn a good interest from them with very low risk.
DMY (Daily/Monthly/Yearly) is an FD Interest Calculator available from AAAeNOS. It calculates how much you will earn per day, per month, and per year based on the last matured amount.
Anyone can Invest in FD.
Yes, FD is the Safest Investment.
Generally, Major FD (Fixed Deposit) Companies have at least a one-year lock-in period.
whenever you get a maturity amount one time after completing your selected year. Or principal amount + interest amount with time = Maturity Amount.
