FD with Banks

A fixed deposit or FD is an investment product offered by banks and Non-Banking Finance Companies (NBFCs). In FDs, you invest for a set amount of time and get a fixed interest rate.

You know when investing what interest rate you will get and how much money you will receive at maturity. You also get the option of selecting a regular pay out of interest.

Benefits of Fixed Deposits

Assured Returns

No matter how interest rates move, or economy performs, you will get the returns fixed at the time of investing.

Surety at Maturity

At the end of tenure, you get back the amount you put in and the accumulated interest.

Faster Growth with Compound Interest

You earn interest on the interest amount too. This helps you accumulate a considerable amount with ease.

Higher Rates for Senior Citizens

Senior citizens can earn more from their life savings and move one step closer to a no-compromise retired life.