Earn Fixed Income Every Month By Investing In Fixed Deposits.
Typically, SWPs and interest withdrawal schemes are best suited after retirement and also in a case of seasonal unemployment.
A person can also sustain regular income stream on investing a sizeable corpus in fixed deposits. Very similar to the Systematic Withdrawal Plan (SWP) in which a person is allowed to ascertain a fixed amount of income at periodic intervals from the mutual fund scheme or an investment portfolio of sizeable quantum. Under the Systematic Withdrawal Plan, a person can opt either monthly, quarterly or semi-annual withdrawals.
All the scheduled commercial banks, non-banking financial companies and other investment entities allow withdrawing the interest earned on the fixed deposits. With the interest withdrawal earned on fixed deposits, a person can assure a risk-free income and can develop an employer-employee relationship with the bank.
No comments:
Post a Comment