Looking for the best and long-term investment option, a fixed deposit is recently the best and trusted investment option. In terms of long-term investment, people are looking forward to FD because it offers a decent FD rate to full fill your requirement.
Check the Offered Interest Rates: People are investing just because of growing his fund so you need to check which financial institution is offering the best FD rates than others because all the lender offer different Fixed deposit rate to know you need to visit the financial institution website and check the FD interest rate.
Taxability: if you are worried about taxability then you need to choose the premature withdrawal investment option. FD offers tax benefit under 80c if your earned interest rate above 5000 then you are eligible for a tax deduction.
Consider Loan Availability: Fixed Deposit offers Loan on your fixed deposit if you are looking for a loan in an emergency then you can go with FD it offers up to 75% loan on your fixed deposit.
Safety: Before investing your earned money in FD you need to check the safety first your lender will assure you about safety but you need to check the CRISIL Rating of the institution the best rate is FAA or AA+ -ve.
Door Step Service: If you are a senior citizen or self-employed or other then you required doorstep service because it is time-saving and many more benefits.
Similar Read: PNB Housing Finance FD Calculator, PNB Housing Finance Fixed Deposit Rates Jul 2020
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