Why to invest in Fixed Deposits Fixed Deposits aka term deposit is an instrument by which one can deposit his/her savings for a prescribed period of time with a bank. When the period of deposit elapses, the depositor is entitled to the interest on the deposited amount. In some cases, the rate of interest on fixed deposits can be as high as 9.5%!
Why to Invest in Fixed Deposits in India 2021
Invest in Fixed Deposits in India All you got to do is deposit your savings in a bank account of your preference and watch your money grow over time. Do
remember to check with multiple sources regarding the various options available. There are a wide range of fixed deposit products available to suit a wide range of investor preferences. So choose the one that matches closely with your investment goals.
The Bankers Views on Fixed Deposits (FD) Why you Should Invest in Fixed Deposits in 2021:For banks fixed deposits (or term deposits) represent a loan arrangement. In simple terms, the money deposited through such investments shall earn a said amount as interest, as per the existing norms and guidelines as set by the banking regulatory authority. Benefits of Fixed Deposits:- The rate of interest on your fixed deposit is determined by many factors such as the location of deposit, the duration for which the amount is deposited as also the currency involved for making the deposit.