A fixed deposit investment or FD investment scheme not only provides you with a guaranteed return on your investment at maturity but also gives you the flexibility to choose regular interest payouts during the duration of your chosen tenor. As a result, storing your money in a high-interest FD investment scheme based on your desire for cumulative or regular gains is more profitable because you are guaranteed a return on your investment. According to global macro models and analysts expectations, the FD interest rate in India will be 4.00 percent by the end of this quarter. Considering India's long-term interest rate trend, our econometric models predict an interest rate of 4.75 percent in 2022 and 5.50 percent in 2023. You can therefore open a Fixed Deposit Account at any bank in India and it will be the best investment option in upcoming years due to its popularity and increasing rate of interest. After the maturity period, you may receive a lump sum payout or a monthly payment. Also Read: Calculate How your FD Investment Will Look Like in Upcoming Years
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About Author:Aman is working in the domain of Investment management in one of the top universities. He has published research papers and case studies in Investment and Fixed Deposit marketplace. He is an avid blogger in the domain of Investment management. you can also find him on social networking platforms. Archives
August 2022
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