Learn how to secure returns from a FD investment plan

Fixed deposits are the safest investment by the investors, but the returns are fixed. Investors can
take a few steps to increase the interest rate from fixed deposits like:
Open an account online, get fixed deposit in the parent’s name, not withdraw before a
stipulated period on company deposits apply for cumulative deposits.



Reasons as to why people invest in fixed deposits:


Security: Safest investment as they are for a fixed period.

Liquidity: Fixed deposits fulfill your short- term and medium-term needs.
If the investors go for tax-saver fixed deposits, then they may be able to meet the long -term needs.

No risk involved: Fixed deposits remain unaffected by market fluctuations, which makes it risk-free.

The higher interest rate for senior citizens: The senior citizens are eligible for 0.5% more bank interest rate than what you are receiving 

Comments

Post a Comment

Popular posts from this blog

Make the best use of Fixed Deposit Plans

Image
Fixed Deposit is your personal saving Peggy pouch. We can get FD from both banks as well as NBFC.  Moreover, people looking for an investment with good ROI, FD can be an excellent option to consider. People can expect to have good returns on investment.  FD has a lot of benefits, and it comes in different forms : Tax Saving: For the people who are looking to save taxes on investment, securing an FD with a locking period up-to five years is considered to be a good option.  The longer the tenure, the more returns you can expect.  These days savings + FD is considered to be a good option . A Flexi plan with a cap option is good for the automatic transfer of money from savings to FD.  In the case of FD investment, people have the option of getting monthly interest rate or a lump sum amount. It is as per the flexibility of the customer.  Another option for working professionals can be opening a corporate fixed deposit. Some amount can ...
Read more

Fixed Deposit Interest Rates In India

Image
Nowadays, we have a plethora of investment options available today, one of the most preferred investment schemes is Fixed Deposit (FD). FD scheme is such by which lets us earn interest on the money we invest in them. You can start investing in this scheme from as low as Rs. 100 to 1,000 depending on your convenience and budget. But make sure you cannot withdraw funds from your account before its maturity period which ranges from 1 year to 10 years. Anyone who is of eligible age of above 18 years can open an FD account. But depositors should be aware of the rate of interest and the special offers provided by the lenders or NBFCs on them so that they may get additional benefits. Senior citizens get additional benefits of up to 0.50% on opening an FD account. Some banks and NBFCs offer low rates on fixed deposits like ICICI Bank, SBI, and HDFC Bank. ICICI Bank offers a 6.70% rate of interest, SBI provides a 6.80% rate of interest, whereas HDFC Bank offers a 7.00% rate of interest....
Read more

How to make a optimum use of your Salary ?

Image
Having our first salary is indeed a good feeling. Proper management and planning, in turn, can be helpful.  Thereby we can draw out the following points that we need to have our budget sorted. Having a monthly figure for our daily budget is a good practice.  In case you are drawing out some money from your side hustle. You can use this extra money in the form of investment in an FD. Moreover, fixed deposit are associated with having good bank interest rates . With raising money comes uprising demands. With our needs, we have unpaid bills. Avoid late payment and clear your debt to make life simpler. Moreover, Insurance policies are always attached to an array of benefits serving you in the time of need.  Work-Life Balance is the key to a good life. Pursuing your passions alongside your work is a viable option.   Continue Reading : Salary credited? First 5 things to do!
Read more