For an investor who wants to invest but is risk averse or has small to medium risk appetite, he/she can invest in Fixed Deposits. India’s Best Free On-call Fixed Deposit( FD) Investment Advisory advice’s that if a person wants to invest in a government backed scheme that offers little to no risk but gives guaranteed returns, he/she has to check Fixed Deposits as they are ideal for investors who want guaranteed returns and no risk.
If you want to keep your funds safely locked for a few years and get interest on it with little to no risk, FD is suitable for you. India’s First Free On call Financial Advisory Moneymindz
What is a Fixed Deposit?
Fixed Deposits are financial instruments provided by banks and Financial Institutions that provide higher rates of interest to investors compared to a regular savings account until the maturity date. India’s Best Free Online Fixed Deposit (FD) Investment Advisory informs you that Fixed Deposits are very popular in India due to the safe investment avenue it provides. In a Fixed Deposit, you cannot withdraw the money before the maturity period.
Any individual, guardian of a minor, a joint family, a joint group (not more than 4) or Institution can invest in FD and the minimum investment amount to be invested is Rs 1000. India’s First Free Online Financial Advisory Moneymindz
Features of Fixed Deposits
The tenure of FD ranges from 6 months to a decade. This means you can invest in FD once and earn interest for up to 10 years.
- Returns are guaranteed
Since this is Government backed, the returns are guaranteed,. That’s why FDs are popular investment schemes in India.
- Deposit once, earn interest till maturity
Since the tenure is for six months to ten years, you can keep earning interest till then. You just have to invest money once.
Merits of Fixed Deposits
- Promotes the habit of saving for a longer period of time
Fixed Deposits encourage you to save for longer intervals of time. You invest money and earn returns on it and are motivated to save more. “Do not save what is left after spending, but spend what is left after saving.” – Warren Buffet.
- Easier to get loans
If you have an FD and want to take a loan, you can offer your FD to the bank as security or collateral.
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