Fixed Deposits: A smart choice for secure, flexible, and high-yielding investments


With rising uncertainties in the country’s economic climate, finding a reliable and secure way to grow your wealth is prudent. And one of the most popular investment avenues offering guaranteed returns is fixed deposits (FDs). If you are a risk-averse investor seeking stability in your investments, opting for an FD is the best bet.

Fixed Deposits: A Brief Overview


A fixed deposit is a financial product wherein you deposit a lump sum amount for a fixed tenor at a fixed interest rate. Regardless of the market fluctuations, these interest rates remain unchanged, which is one of the most significant benefits of an FD. The interest income you earn across the FD tenor is determined by three parameters:

  • Your invested amount

  • Applicable interest rate

  • The tenor of the FD


This low-risk investment option is undoubtedly one of the safest ways to maximise earnings. You can book an FD for a convenient timeline ranging from 7 days to 10 years. The FD interest rates vary from one issuer to the other and depend on the following factors:

  • Type of FD you choose

  • Customer type

  • Financial institution you opt for


While you can earn higher returns in a cumulative FD than a non-cumulative type, the rates also differ based on whether you choose a public sector bank, private sector bank, NBFC, etc. 


When you opt for a cumulative or payout at maturity type of FD, your interest is reinvested, helping you leverage the power of compounding. At the end of the FD tenor, you will receive the accrued interest along with the deposit amount.


On the contrary, if you want to earn regular returns on your investment, you can book a non-cumulative FD and opt for monthly, quarterly, half-yearly and annual interest payouts. And as a senior citizen, you can enjoy an additional 0.50% - 1% on the regular FD rates.


Read More: From Savings to Investments: Making the Most of Financial Solutions 


Benefits of Investing in Fixed Deposits


Here is a quick snapshot of the advantages that you get on booking an FD:

  • Enjoy better interest rates than the regular savings bank account rates

  • Liquidate your deposits whenever you require from the convenience of your home

  • Opening a new FD account is hassle free and requires minimal documentation

  • Enjoy 80C tax benefits on the invested amount by booking a tax-saver FD

  • Grow your funds steadily with an FD and meet your short- and long-term goals

  • Get a loan amount of up to 90% of the FD amount and manage your unexpected emergencies


As you can see, fixed deposits are time-tested investment avenues to grow your savings, offering stability and reliability to your returns. You can book an FD online on the Bajaj Markets platform effortlessly. Compare multiple issuers, choose the best FD rate and march towards a secure future. Click here to get started.

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