When you consider all the other investments available in the market, FD is one of the safest ones around. You create a deposit for a fixed amount of time and earn interest on it. Only if you break the FD in case of an emergency will a penalty charge be levied, else, the FD will remain safe as well as earn a steady rate of interest as per your policy. Although it is normal to worry with regards to an FD investment, the only time you will have to worry about your FD investment not being safe is if your bank or lender is unstable or is headed towards insolvency.
Why FDs are the best investment options:
There are many other factors which affect the safety of your FD investment, especially if the amount is greater than one lakhs.
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.