Fixed Deposits (FDs) are secure investment options offered by banks and financial institutions, providing guaranteed returns at a fixed interest rate over a predetermined period. FDs are ideal for risk-averse investors seeking stable and predictable income.
FDs offer flexibility in terms of tenure, interest payout options, and investment amounts. They are widely preferred for capital preservation and consistent returns, making them a popular choice among conservative investors.
Types of Fixed Deposits
- Regular Fixed Deposit: Offers fixed interest over a specific period with a lump-sum payout at maturity.
- Tax-Saving FD: Provides tax benefits under Section 80C with a lock-in period of 5 years.
- Recurring Deposit: Allows regular monthly investments with interest similar to FDs.
- Senior Citizen FD: Offers higher interest rates for senior citizens.
- Flexi Fixed Deposit: Combines the benefits of savings accounts with fixed deposits for added liquidity.
Key Features:
- Guaranteed Returns: Fixed interest rates ensure predictable earnings.
- Low Risk: Safe investment option with minimal market-related risks.
- Flexible Tenure: Choose deposit periods ranging from a few months to several years.
- Loan Facility: Avail loans against FD without breaking the deposit.
- Tax Benefits: Tax-saving FDs offer deductions under Section 80C.
FDs are a reliable investment choice for those prioritizing safety and stable returns. Secure your savings and grow your wealth with fixed deposits today.