Namaste,
I am Rekha
I take a loan when I have less money to buy things.Â
I have to pay interest when I return the money.
When I invest in a debt scheme, do I give a loan to someone?
To whom do I lend money, and for what period?Â
Is it safe to invest in a debt scheme?
And, is it as simple as taking debt?Â
Later on, she immediately needed some money to pay the medical bills when her daughter was suffering from typhoid.
It was tough for Radha to close her fixed deposit before maturity.Â
It took more than a week to close the account and get the money.
She closed her fixed deposit before maturity and lost most of her returns as a penalty.