FD Investment: Single vs Multiple FDs for 10 Lakh? Smart Choice Revealed

• Article explores whether to invest 10 lakh rupees in a single FD or multiple FDs.
• Single FD offers easy management but premature withdrawal penalizes the entire amount.
• Multiple FDs provide better liquidity and flexibility, allowing partial withdrawals without affecting other FDs.
• Smart investors use an FD laddering strategy, diversifying across tenures and banks.
• DICGC insures up to 5 lakh rupees per bank, making multiple FDs in different banks safer for larger sums.

Why It Matters: Multiple FDs and laddering offer better liquidity, flexibility, and insurance coverage for large investments.