We try to invest our money which is earned by after doing lots of hard work. We always want our money under risk-free. In the new era, multiple investment company and bank are introduced they ensure that provide risk-free and high return but they are a fraud you should know this before investing his money.
Good investment Plan
Choosing the best investment option is a big task it depends on you why you want to invest your money to get a good return, wants to save his money for a long time, or you go with a normal plan which is most popular in the finance market.
Three Safe way to get a good return
Do market research and plan your investment strategy:
Before accepting the particular Fixed Deposit scheme to get a good return, compared the interest rate to other systems present in the market and compare the tenure and also know how to get the interest rate after tenure or monthly basis these are the main factor to keep in mind.
Two is better than one
The interest you earn from your principal amount is taxable do not cross the given limit 10,000. The amount is deducted from TDS to avoid this you should split your fixed deposit into multiple parts of the benefits of splitting you FD if you require urgently some money then you break your one fd without disturbing others.
Go for the cumulative plan
A fixed deposit offers you a choice either you withdraw your interest rate or reinvest. If you want to withdraw your FD interest rate you can easily withdraw or you can reinvest your interest rate this interest rate adds in your principal amount for the next year so you can earn a higher FD rate.
Related Read: 4 Ways To Easily Save TDS On Fixed Deposit
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