Both Fixed Deposits (FD) as well as Savings Accounts are always safe and stable to save your surplus funds. But when it comes to the growth and flexibility it is ideal to go for FDs rather than savings accounts. Let’s see here about FD vs savings account.
Think about the benefits of FD vs savings account and invest wisely to see that your surplus grows.
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Senior citizens mostly prefer Fixed Deposits to get a study income with high safety. It provides easy transactions and comes up with some additional benefits to senior citizens. Major benefits include high-interest rates and tax benefits. In addition, some of the basic benefits are –
Low risk: Fixed deposits are considered as the safest investment. They provide a promised interest and return at the time of maturity. This investment is not fluctuating or risky as mutual funds and other investment options. High stability: Senior citizens get the best stability of the return and safety of the invested funds. Funds can be liquidated at the time of an emergency and enjoy a constant rise in the funds. Attractive returns: People invest in FD to get a secured periodic return. This means that FD for senior citizens mostly pays off 50 paise more than the normal interest rate of FD. Thus, it provides more return for senior citizens. Periodic interest payable: We all know that FD for senior citizens provides high-interest rates. Along with this, interest on the FD can be selected as a periodic payment or at the time of maturity. The investor can easily select this and open the FD online and offline. In addition, senior citizens enjoy the tax on the interest earned. With all these benefits associated with the senior citizen FD, it is the best investment option to get a decent return at a certain period. Bajaj Finance provide best senior citizen FD option and see investment growing over time at a fast pace. Fixed Deposit definitely provides a safe and high return on investment. There are various banks and non-bank financing corporations that provide the best FD options. All you need is to compare the interest rate, tenor, terms and conditions and feasibility to start the FD. These factors will help to find the right financial institute to invest with and enjoy the best return. Bajaj Finance is known for providing high-interest rate FD starting from Rs. 25,000. In order to have a fixed deposit, it is necessary to know the eligibility criteria. What are the eligibility criteria’ for FD? In order to invest in FD, an individual has to facilitate the right document and meet the eligibility criteria. Do you know who can open FD with Bajaj Finance? Here are certain criteria and it is necessary to meet any of them to successfully open FD –
Investments are crucial for financial growth which is beneficial in times of financial crisis. There are several types of investment options; each carrying its own pros and cons. Some investment avenues focus on fixed income whereas others are centered around capital growth. Some offer higher interest rates, but come with high risk (such as mutual funds); while others might be less risky but come with lesser interest rates.
Risks involved in investments Every investment carries some level of risks such as economic, market fluctuations and inflation. So when you choose one investment avenue with a high-interest rate, you can be in a loss if the market fluctuation affects you. How to safeguard yourself from the investment risks? The best way to guard yourself against such investment risks is by diversifying your portfolio. Diversifying means investing in more than one avenue, such that there is a perfect balance of risk and interest rate. For example, you can diversify your portfolio by investing in FD, mutual funds and, stocks. So if the market rates go down, your mutual funds might be at risk but your FD is safe investment. If the market rates go up, your FD might not benefit a single penny; but your mutual fund and stocks will. Thus, you have achieved a perfect balance by investing in avenues that are less risky and offer high returns at the same time.
Portfolio diversification minimizes risks and maximizes returns. You can plan smartly on how to divide your capital in different avenues. In either case, you need to invest in FDs to safeguard your capital. Therefore, select a financial institution such as Bajaj Finserv; that offers high-interest rate, flexible tenures, and periodic interest payouts. Visit www.bajajfinserv.in to know more about the investment option.
There are many schemes that allow you to grow your finance; out of which some are risky and
others risk-free. Investment options like mutual funds offer a high rate of interest but are subject to market fluctuations. Whereas investment avenues like fixed deposits offer a lower rate of interest but are extremely safe. FD is the best low-risk investment option for those who want stable returns with safety. There are various reasons which make FD one of the best investment options. Some of them are as follows: 1. Interest rates FDs have high interest rates which give high returns. These interest rates are higher than the savings account.
2. Returns
You will get your money along with the interest amount at the end of maturity without any uncertainty. 3. Tax-savings benefits Your money is also applicable for tax-benefits 4. Capital growth Your money is subject to long-term growth of savings. 5. Withdrawal In case of an emergency, you can easily withdraw your money. 6. Regular interest income You can earn regularly with fixed deposit. 7. Payouts One of the greatest advantages of fixed deposit is that it has flexible interest payouts. These points make FD an excellent investment choice. Several non-banking financial institutions like Bajaj Finserv offer many FD schemes that allow you to watch your surplus grow. It has high interest rates and flexible tenures which enable you to grow your capital and smartly. Moreover, you can start investing with just Rs.25000! Visit www.bajajfinserv.in to know more about the FD schemes and offers. |
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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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