If you're a conservative investor and want to deposit your savings for long term investment with the assured return, then you can opt for one of the best and secure Fixed deposit (FD) investment options which, provides you guarantee the safety of deposit amount. It also gives you a high return of interest on your FD at the time of maturity.
The rule of DICGC (Deposit Insurance and Credit Guarantee Corporation, insures your FD investments up to a max. of Rs 1,00,000* included both the principal and interest amount.
Mainly Fixed Deposit Investments Are Available:
Senior Citizen FD
Monthly Income Plan
Joint Deposits plans
NRI Deposits
Corporate Deposits
FD Plans for Children
Here Are A Few Tips For The Long Term Investment:
- Tenure: The tenure of an FD varies between 7 days & the highest is 10 years. You should consider the terms according to your principal lock-in comfort and interest rates.
- Interest Rates: The FD interest rates fluctuate from time to time. Generally banks and NBFCS provide fixed deposit interest rates up to 8.70 % so you should check the current FD rates of different banks to ensure maximum returns.
- Payouts: You can get interest monthly, quarterly, half-yearly and annually. For those who are not interested in regular interest, cumulative deposits are the better option.
Open Fixed Deposit Account With Different Modes:
Through Internet banking
Visit a nearby bank branch
FDs through ATMs (Depends on banks)
With Phone banking panel
Via Banking Apps
Individuals who prefer fixed and assured return on their investment with the highest level of security. Fixed deposit is the best option as emergency funds, as anyone can take a loan against them with minimum documentation.
