New Delhi, July 24 -- Fixed deposits (FDs) remain among the most preferred investment options for people seeking steady and assured returns. However, if you have Rs.10 lakh to invest, a common dilemma is whether to place the entire amount in a single fixed deposit or divide it into several smaller FDs.

The decision isn't about generating higher returns. Provided the interest rate and tenure are identical, both approaches will deliver the same maturity value.

Instead, the better option depends on your financial objectives, liquidity needs, investment horizon and comfort with risk.

Here's a closer look at the pros and cons of investing Rs.10 lakh in one fixed deposit versus splitting the amount into multiple deposits.

Whether you invest...