Indian citizens want to save their money for future aspects, not too many media are available to get a good return with the safety of your capital. It is too difficult to select the best investment tool to get better returns.
Today we will discuss FD and SIP investment plan and stay with this blog you have to real all points one by one to select one of them.
Characteristics of Fixed Deposit:
- You can invest his money from 7 days to 10 years
- FD offers a guaranty return of your FD amount.
- You can grab your interest rate that earns by your investment monthly, quarterly, half-yearly, or yearly basis.
- It is allowed to reinvest your interest rate.
- you can withdraw your investment any time before tenure.
- FD offers the highest interest rate for senior citizen now PNB housing FD rates is highest it provides 7.50% interest rate on FD.
- if you want to close your FD account you can go for it.
Highlighted Points of Systematic Investment Plan:
- You can invest a little amount from 500/ month
- you can avail good return
- You can track your investment easily.
- You can withdrawal multiple times in a year.
- If you earn up to 1 lakh exempt from tax.
Risks of an FD:
Fixed Deposit (FD) is almost risk-free but some of NBFCs offer FD before investing in NBFCs you need to check the CRISIL rating FAA+/Stable or AA+/Negative if your CRISIL rating is good then your money is safe.
