This is a really good approach to invest your money in FD rather than ideal. There are multiple investment venue is available in the market, Fixed Deposit is a popular one because of less risk and high earnings.
However before investing in any Fixed Deposit (FD) in bank and company. You are concerned about how safe your fixed deposit is. To understand it read on.
Regulation by the RBI:
If you try to invest your money in bank FD rather than the company’s fixed deposit, it is more safe. Because the RBI made deposit insurance compulsory for all the banks. Your investment in a bank is insured under the Deposit Insurance and Credit Guarantee Corporation scheme. Which covers your deposit up to 1 lack including both principal and interest amount.
Safest Sector:
In Indian banks, divided into multiple categories like- public sector, co-operative banks, and foreign banks all these types of banks provide Fixed deposit and all them covered by the deposit insurance. So whichever sector bank you chose for your investment is equally sequere.
Select The Best Bank For Fixed Deposit:
This is more important to select the best bank for investment in your fund. PNB Housing Finance is to provide the best return and less risky to others go through with it and make your fund more secure. It also provides a loan facility on your bank fixed deposit you can get a loan up to 75% of your FD.
Read More:- FD a Good Option for Investment in India?
However before investing in any Fixed Deposit (FD) in bank and company. You are concerned about how safe your fixed deposit is. To understand it read on.
Regulation by the RBI:
If you try to invest your money in bank FD rather than the company’s fixed deposit, it is more safe. Because the RBI made deposit insurance compulsory for all the banks. Your investment in a bank is insured under the Deposit Insurance and Credit Guarantee Corporation scheme. Which covers your deposit up to 1 lack including both principal and interest amount.
Safest Sector:
In Indian banks, divided into multiple categories like- public sector, co-operative banks, and foreign banks all these types of banks provide Fixed deposit and all them covered by the deposit insurance. So whichever sector bank you chose for your investment is equally sequere.
Select The Best Bank For Fixed Deposit:
This is more important to select the best bank for investment in your fund. PNB Housing Finance is to provide the best return and less risky to others go through with it and make your fund more secure. It also provides a loan facility on your bank fixed deposit you can get a loan up to 75% of your FD.
Read More:- FD a Good Option for Investment in India?
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