As a newbie investor, you can question the age-old wisdom of having money in fixed deposits. Since generations, people have been trusting banks and post offices to fulfill their financial goals. Let us see the various advantages and disadvantages of fixed deposits account to help you make an informed decision.
Advantages of Fixed Deposits Account:
Safe and Secure:
A fixed deposit is…
People who are looking for simple and stable investment options prefer investing in a savings account or a fixed deposit plan. Though both these instruments are safe, the savings account might not provide sufficient returns even if you keep your savings intact for a longer period. This is because the interest rate of FDs is usually twice as much as the interest rate offered by savings…
Bajaj Finance Fixed Deposits is one of the most promising FD schemes as it offers an interest rate up to 7.25%. It is not only much higher than the current bank FD rates but it is also a stable and credible investment option.
Some Features To Boost Your Fixed Deposits Savings
Its features that can help you to boost your savings are explained below:
Senior Citizen FD rates
The…
