Are you looking to make your savings earn some extra money for the long-term without many risks? Go ahead and consider investing a company fixed deposit scheme!
A fixed deposit plan is an immensely popular investment option in India as it can help enhance your investment with healthy returns which is assured.
If you are not yet convinced of investing in a FD (fixed deposit) scheme, let’s provide you 10 reasons to do so! Let’s get start!
Get a higher ROI
With interest rate reading as higher as 7.85% which can go up to 8.20% depending on your age and relationship with the bank, you can get a higher ROI. No need to settle for a tiny 4% interest rate in your savings account when you can gain more!
Enhanced credibility and stability
CRISIL’S and ICRA’s stable ratings are a guarantee that your investment is never at risk.
A fixed deposit scheme has no direct or indirect effect of market fluctuations unlike other investment schemes such as mutual funds, equities and more. It means that you will get the promised amount as per your eligibility.
A higher interest rate for senior citizens
Senior citizens get the maximum out of their investment in company fixed deposit schemes. Compared to others, they get 8.20% which is 0.35% more!
Minimum deposit amount
Rs.25,000 is what you need to have to begin investing in a lucrative company fixed deposit scheme.
The availability of flexible tenors
Leading non-banking finance companies offer a wider tenor ranging between 12 and 60 months to suit your goals, affordability, and needs.
The advantage of a fixed deposit calculator
Prominent financial companies provide the unique facility of a fixed deposit Interest calculator on their websites. You can enter your deposit amount, tenor on it for it to show an exact value of profit that you will make after the end of the tenor.
Online application system to help you
Online company fixed deposit plans do not require you to visit them physically and waste your time and effort. You can sit in your home and apply at any given time as per your convenience! Hence, it helps you save time and effort!
200+ branches across the country
A leading company’s FD is offer in the top 200+ cities of India. Its making easy for you to apply while being in your city.
Online account access
Online account access to your fixed deposit means being able to know the details and keeping easy track of its progress almost from anywhere and anytime.
The Bottom Line
Do you need any more reasons to convince you to join fixed deposit schemes? Certainly not, right? Assess how much you want your money to gain depending on your future needs, and begin investing in a benefits-laden investment tool right away!