Compare and make the best choice | Learn about Fixed Deposit Scheme

Investing in any scheme or deposit is not an easy task. You need to take into account their pros and cons as well. You should choose an investment option that offers high returns if you are confused between investment options like Fixed Deposits, Investment bonds, or gold bonds. You can have a look at the benefits they are offering to you and whether your investment will give you high returns or not. Among all the above-listed options choosing a fixed deposit scheme would be beneficial for you. The reason is that it offers you secured and guaranteed returns, unlike other deposit schemes which depend mainly on market fluctuations like mutual funds.


The benefits of opening an FD:

A fixed deposit is a scheme in which you need to invest for a specific period at a fixed rate of interest, and you earn interest on your invested amount. Senior citizens are offered a high rate of interest as compared to normal citizens. Another benefit you can have with FDs are you can start your investment from as low as Rs. 1,000 and there is no cap on the maximum investment. The funds you avail from FD can be used to finance your holiday, purchase an asset, etc.

Have a look at the benefits offered by investment bonds:

Investment bonds are excellent at growing your wealth over time. The rate of interest is lower as compared to FD. The returns are also not subject to any tax deduction. They are also a good option but not good as FDs as returns in case of FDs is guaranteed, whereas the returns in case of investment bonds are not secured.

So, before you plan to invest in any deposit scheme, analyze its pros and cons thoroughly.
Read more: Fixed Deposit Investment V/S Bonds Investment V/S Gold Investment




Location: Gurugram, Haryana, India

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