Fixed Deposit Schemes A Risk-Free Investment

When we hear so many instances of investments gone wrong and the kind of losses that were incurred, it makes us think twice about how we can invest our own money smartly. From shares to real-estate, you never know when you’re going to run into a loss instead of making profit. There is however one investment scheme that promises returns without any risks – a fixed deposit account. This is the one scheme that allows us to save and build our funds without having any worries about market trends or industry fluctuations. Know what fixed deposit accounts are, where you can open them and all the varieties of fixed deposits that exist in the market to gain a better understanding of this investment option.

Firstly, what is a Fixed Deposit Account? A Fixed Deposit (FD) allows you to deposit a certain sum of money into an account from which it cannot be withdrawn for a set period of time. The amount of money and tenure can be selected by you, and several financial institutions nowadays provide tailor made fixed deposit plans to suit their customer requirements. Once you know what your requirements are, finding the appropriate scheme becomes much easier than ever.

Fixed deposit accounts can be opened in almost all the banks these days. The trick is to find the right one. Don’t opt for just any bank/financial institution that comes your way. Make sure that the bank/financial institution has a steady reputation in the market and has several years of quality experience with customers. You must also be certain that the company you select for a fixed deposit has the kind of options that you desire. For example, if you’re a woman, they should have special schemes for women; if you’re a senior citizen, they should have specific plans for senior citizens, etc.

It’s important that you know all the varieties that exist in the fixed deposit market since you might end up missing out on the returns from a specific scheme tailor made for you by simply picking up a generic scheme. The only way to ensure that you have a broad awareness is to research about as many banks/financial institutions as possible. Even though a fixed deposit account guarantees benefits, no matter what, it’s always better to get the best plan for your situation.

Fixed deposit accounts in India are gaining popularity with each passing day thanks to the advantages they provide. Build on your hard-earned money and make sure that your savings only grow. Choose a fixed deposit today to invest in the best policy available.

Fixed Deposits Are Your Way to Hassle Free Savings

Even when we keep our money in our savings account, there are times when we are helpless and are tempted to withdraw it for some reason or the other. Saving our hard-earned income is a feat that all of us have to manage. We promise ourselves each time that the next month is going to be better and we’ll be more careful with our funds then; however, keeping that promise can become quite a task. It’s at such times that a fixed deposit can be the perfect solution. By depositing your money into an account from which it cannot be withdrawn for a certain amount of time, you can ensure that your savings remain untouched. One of the primary benefits of such a scheme is that it allows you to also earn a substantial interest on your funds. This means that you not only save money but also earn returns on it.

Fixed deposit accounts will definitely promise you a certain amount of earnings, no matter which scheme you choose, how much you invest or for how long. That’s the reason many people who wish to invest their funds choose this option as it’s risk-free and definitive. Unlike other investment schemes, where you just don’t know how lucky you will get or how your returns will turn out to be, with a fixed deposit all those queries are answered beforehand.

Another benefit of a fixed deposit is that while you cannot immediately withdraw the deposited amount, you can definitely withdraw the quarterly interest you earn on that amount. Depending on how much you’ve deposited and what scheme you’ve chosen, the interest rate you earn will differ. This in turn will decide how much you can get every three months.

One needs to bear in mind that even though there are always assured returns, it’s still advisable to look around and evaluate all the available options. Some might offer you more benefits than the others and it’s much easier to find the best plan when you browse through several options.

Once you’ve deposited your money in this kind of an account, you have no other concerns to take care of. Just sit back and let your money grow over a period of time without worrying about how much you’re going to make, or if you’re going to incur any losses or whether it’s the best form of investment. A fixed deposit ensures that all these hassles are null and void. When you choose a FD, you choose a safe, secure and sure investment.

Fixed Deposit Schemes And Which One To Choose

The finance market today has enough options available for everyone, which makes it easy for customers to find tailor-made financial solutions to suit their needs. With constantly growing competition, satisfied customers are the only asset that one can truly rely on. The fixed deposit niche is no different. With a varied range of accounts and schemes being offered, people can always find the most appropriate one as per their requirements. There’s no need for anyone to make compromises or settle for anything less than what they deserve. Speak to different banks and financial institutions to find out all about the fixed deposits that they can provide you with. These kinds of accounts are made for your convenience, so choose wisely and benefit the most.

Fixed Deposit For Women:

These deposits are designed specifically for women. With higher interest rates resulting in more earnings, it’s definitely advisable to pick this choice. Many banks offer free insurance policies along with this option giving you additional benefits. Speak to all the banks offering this kind of account and ensure that you choose the one giving you the highest rate of interest. Often, this fixed deposit scheme has lower minimum deposit amount and still offers higher earnings.

Fixed Deposit For Senior Citizen:

These accounts, just like the name suggests, are intended for the elderly. Fixed deposit schemes for senior citizens allow you to deposit as much as you can without worrying about falling short of money. Add-ons like health insurance policies ensure that your medical expenses are taken care of. Such benefits are not just for the namesake, and can truly help customers over time, whilst ensuring their security. Since fixed deposit schemes such as these are tailor made for the audience that they wish to target, the banks or the financial institutions make the entire process a lot more convenient, to make certain that senior citizens have no reason to worry or stress.

Fixed Deposit For Trusts Or Organisations:

These fixed deposit schemes are planned for large organizations so that they can invest money and receive assured returns. The minimum deposit amounts for these are much higher than the other options, as businesses have more funds available that they can readily invest. Similarly, since large amounts are being invested, the returns too will be equally high.

Fixed deposit accounts in India provide us with the privilege of safe and secured savings. To make sure that we don’t lose out on any added benefits, it’s advisable to consult several financial institutions. Choose the best FD and reap more than you sow!