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What is the difference between commercial banks’ “Fixed Deposit” with SwissCash’s SIP?

April 26, 2017Commercial SIP swisscash

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What is the difference between commercial banks’ “Fixed Deposit” with SwissCash’s SIP?

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FD yields you a return of 1-7% per annum depending on the bank while an SIP will yield you an average of 20% per month equivalent to 240% per annum. You are able to “surrender” your FD Contract at any time and collect back your Principal, but SwissCash’s SIPs do not have a “Surrender” Policy. You are not able to collect your Principal midway through or even after the completion of the program.