Safety of investments principal is the primary concern for everyone. If you are risk averse investor, you can invest in various options to make more money from other investments like shares and mutual funds. But if you invest in risk-free schemes, you should choose fixed deposit (FD) because fixed deposit is a risk- free investment and get higher interst rate compared to others.
If you are interested on FD investment, here are some tips for the best approach towards long term investment:
Payouts: You have monthly, yearly, or quarterly interest payout option.
Tenure: Fixed deposit faxiable investment. Invester choose how much time to invest the principal in fixed deposit. The term for an FD can be anywhere from 7 days to 10 years.
Interest Rates: The FD interest rates always fluctuating. You should always check the current FD rates of different banks to get the highest interestreturns.
General FD Schemes available:Senior Citizen Fixed Deposit
Fixed Deposit Schemes for Children
Monthly Income Scheme
Joint Deposits
NRI Deposits
Corporate Deposits
