Fixed Deposit
Fixed Deposit
In the modern days, Fixed Deposits are used as an Emergency Fund as they provide a greater liquidity with safe returns compared to any other instrument. India has witnessed Fixed Deposits as the largest avenue for the citizens to park their hard earned money. The rates of interest in fixed deposits are much higher than in savings or current accounts & liquidity is much higher, so FDs are the favourite instruments of saving for many people, even in today’s time.
Benefits of investing in fixed deposits:
- Returns are guaranteed, unlike other investments like stocks
- You get the flexibility to choose the tenure
- Avail of loans and overdraft facilities any time you need
- Withdraw money anytime by breaking your deposit partially or completely
Fixed Deposits for Investment
We help you choose from different types of fixed deposits, each with its specific features and advantages. Here are some of the main types of fixed deposits you can choose from:
- Cumulative fixed deposits: Get compounding interest that adds to your principal amount
- Non-cumulative fixed deposits: You receive interest payouts regularly, making it a source of regular income
Senior citizens fixed deposits: Those aged over 60 can avail of higher interest rates
Choosing the right Fixed Deposit Advisor
We recommend looking for this blend of criteria in your agent
Our friendly advisor will take into account your financial goals and current status to help select the right scheme that gives the interest rates and the flexibility you desire.
