Author: Nikshey Dhiman Date: 30/01/2024
Credit: Google Images
It is possible to invest with as little as Rs 1000 and there is no upper limit, so people with various financial backgrounds can participate.
Credit: Google Images
Your investment can be made for as little as seven days or as long as ten years.
Credit: Google Images
From the start, the investor has a clear idea of the maturity amount because the interest rate stays fixed for the duration of the loan.
Credit: Google Images
Under Section 80C, FDs with a five-year or longer tenure are eligible for tax exemptions.
Credit: Google Images
FD returns ensure a safe investment, resulting in profits free from risk.
Credit: Google Images
It allows you to invest with as little as Rs 1000.
Credit: Google Images
Senior investor returns are typically 50 basis points higher at commercial banks.
Credit: Google Images
If the customer needs money, it's easy to liquidate FDs.
Credit: Google Images
Historically, FDs have offered interest rates higher than those of traditional savings accounts.
Credit: Google Images