|Time Period||Installment 1||Installment 2||Installment 3||Installment 4|
|5||2500||Total Amount Deposited 27500/-|
A BFP is a financial instrument where an investor gives a certain sum of money to a bank or a financial institution (company) and the entity pays interest for the duration of the deposit. The rate of interest paid varies depending on the amount and tenure. Investor’s, especially conservative investors, prefer to open BFP as it is a safe investment option and it can be opened easily and quickly.