Fixed Deposits (FD) for Beginners Exploring the Top Investment Benefits
Fixed Deposits (FDs) are a popular savings tool in India, offering a stable, low-risk investment option with guaranteed returns. Offered by banks and NBFCs, FDs allow you to invest a sum of money for a fixed period, known as the tenor, during which your investment earns a predetermined interest rate. This makes FDs an attractive choice for beginners seeking a secure and straightforward entry into investing, with protection from market volatility and predictable returns. Understanding FD Interest Rates Fixed Deposits attract investors with their typically higher interest rates compared to standard savings accounts. Rates vary by issuer, tenor, and depositor type, with senior citizens often receiving higher rates. Bajaj Finance, for example, offers competitive FD interest rates ranging from 7.40% p.a. to 8.10% p.a., making it a secure investment option. Key Benefits of Fixed Deposits Capital Protection One of the key benefits of an FD is capital protection. Unlike stocks or mutual funds,