The value of the investor's portfolio has been diminished due to the Corona crisis. As a result, the investor is more focused on saving instead of having an increment in their investments. In this case, it makes sense to invest in assets that can provide them assured returns and comes with fewer risks. This is the reason why investing in Fixed deposit makes more sense than ever before.
Fixed deposit in the present scenario
A fixed deposit in the current scenario has come out to be the safest asset to diversify your portfolio. Due to competitive fixed deposit interest rates, investors can make a good return on their investment. A financial institution such as PNB housing finance ltd has the best market credit rating offer, where interest rate as high as 7.60%.
The fixed deposit also provides flexibility to the investor; the investor can choose a fixed deposit tenure depending on his/her needs. Banks such as PNB housing finance ltd also provides loan facility up to 75% of fixed deposit. Thus, the investor does not have to break the FD or liquidate it, and you will still earn interest on the fixed deposit with the best FD interest rate. This is desirable in current times as this can be used by the depositor to meet their urgent needs without losing on the investment.
Why should you invest in a fixed deposit now?
