Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the difference between commercial banks’ “Time/Fixed Deposit” and Gambit LLP Investments’ Gambit LLP INVESTMENT PLAN?

April 26, 2017Commercial gambit Investment LLP Plan time/fixed deposit

0

Posted

What is the difference between commercial banks’ “Time/Fixed Deposit” and Gambit LLP Investments’ Gambit LLP INVESTMENT PLAN?

1 Answer

0

Posted

Fixed Deposits yields you a return of 1-7% per annum depending on the bank, while Gambit LLP INVESTMENT PLANs will yield you an average of 1.66% per month, equivalent to 20% per annum. You are able to “Surrender” your Timed /Fixed Deposit contract at anytime and collect back your principal but Gambit LLP Investments’ Gambit LLP INVESTMENT PLAN does not have a “Surrender” policy. You are not able to collect back your principal midway through or even after the completion of the program.