Women, whether working or homemakers, ideally have their own savings as contingency for testing times. These savings are generally stashed away in some safe corner at home or in a savings account. Either way, the savings remain stagnant and do not earn any return or interest. It is true for the savings account as well since the income is of the range of 4% per annum. This brings us to safe but lucrative investment options for women. The best investment and savings instrument for women is a fixed deposit.
Here are the top reasons why FD is the ideal investment for women working as well as non-working:
Security of Funds
Safety is the most important feature that women and men seek when it comes to investing their money. For most investors, irrespective of the gender, safety of the invested amount is of more importance than the returns itself. Fixed deposit for women is safe investment options as they provide assurance of both the amount invested and the returns.
Fixed deposits provide high and assured returns of the range of 8.20% depending on the age of the investor, her relationship with the bank or NBFC and the interest payout frequency opted for.
Coverage for Times of Need
FDs have a lock in period and if the investor faces any requirement of money in that time, she can avail a loan against the deposit.
So, instead of letting the savings lie idle, the same can be invested in a profitable FD scheme from a reputed bank or NBFC.
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.