Is it good to take a loan to open a fixed deposit ? I have some amount less than the amount for which I want to open a fixed deposit . Please advise
The Federal Bank is offering 4 % on fixed deposits for a term of 7 to 14 days whereas it is offering 8.5 % on deposits for 1 year . Will depositing the same amount repeatedly for 14 days earn me more money ? What am I missing ?