Fixed Deposit account helps you grow your savings with guaranteed high returns, whether you are saving towards your dream house or a stress-free retirement. When it comes to assured returns, choosing the right type of savings scheme makes all the difference. Fixed Deposits let you make the most of value-added benefits as you create wealth at low risk.
Guaranteed returns: fixed deposits are not a risky investment as they do not depend on fluctuating market rates. Investors
can rest assured that his investments are safe and he will be getting back a guaranteed amount at the end of the tenure.
Easily withdrawable: The amount that is invested in fixed deposit can be withdrawn at any time for a small penalty. The
investor may have a financial emergency to meet financial needs during marriage, sickness or when his business is in loss.
Potential of return: Potential of return: Fixed deposits can be invested for a tenure of your choice. If you have planned for
a big event in 5 years, then you can have a fixed deposit kept for 5 years to meet your financial requirement in 5 years.
You deposit your money with a bank for a fixed time period called tenure of the fixed deposit. You get a higher interest on the money which you deposit in your fixed deposit than in a savings bank account. On maturity of your fixed deposit you are paid back your principal with interest.
For a much smaller investment per month, get interest rates equal to that of regular Fixed Deposits.
The 5 year tax saver fixed deposit is unique from other fixed deposits. You enjoy a deduction of INR 1.5 Lakhs a year under Section 80 C of the income tax act if you deposit your money in a 5 year tax saver fixed deposit.
Take advantage of an overdraft facility to supplement your household or business. Overdraft facility against Fixed Deposit can be availed in a saving or current account
In a flexi fixed deposit your fixed deposit is linked to a savings bank account. Your money moves between the fixed deposit and your savings bank account.
