In this market scenario, the select the best toll of investment is a challenging task but FD is the best and trending investment option as of now most of the investors prefer than other options.
Here is the idea of why investing in FD is a good decision.
FD Offer High Returns:
before investing in Fixed Deposit (FD) every one wants to know the return. This is a common thought that investors have, but one of the main reasons of the popularity of FD is the best interest rate. it offers an interest rate between 6% - 10% I think this is a good rate of interest.
FDs are Secured:
investers are worried about the security of his money. before investing is FD it is your responsibility to check the CRISIL rating of the lender if the CRISIL rating is good then your money is safe. This is the main task investor have done before investing his hard-earned money.
FD Offer Liquidity:
you fixed your money and you required money urgently then what to do?
although PPF and life insurance are offering a withdrawal facility but is quite complex. This is more challenging withdrawing money during need. but easy to invest in FD and withdrawing is easy in FD. it is quite easy to withdraw his money in FD paying a small penalty.
FD Offer Flexible Withdrawal Options
FD offers a flexible withdrawal option you can withdrawal your money monthly, quarterly, half-yearly, and yearly basis. the fixed deposit interest rates id depending on your investment amount and tenure.
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