If you are puzzled with the various options of investment plans and can’t make up your mind which one to choose, let me guide you properly. Go for Fixed Deposit. The word that is best associated with Fixed Deposit is ‘safety’. There are various other benefits like secured returns, earnings through interest, and tax exemption, that you can enjoy if you opt for FD. Where can I avail these benefits? Among all the financial institutions there are only several Non-Banking Financial Companies (NBFCs) which are still offering better rate of interest to their customers and provide many additional benefits as compared to banks. Thus, if you are looking forward to investing in a FD Scheme, do not hesitate to try your luck with highly-reputed NBFCs.
Tips to know about Fixed Deposit Schemes of Banks and Companies- Which One to Go For?
After choosing the right financial institution, the next question will be what is the reason of declining rate of interest?
One of the major reasons for this is increased liquidity. Demonetisation has resulted in an increased cash deposit by the customers. So, there has been a cut in the rate of lending rates is proceeded by a cut in the rate for deposit. There are lots of more reasons about fixed deposit rate alternatives.
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.