Is FD a good investment?
With fixed interest rate and attractive returns, Fixed Deposits are one of the most preferred investment options for most investors. Invest in a Fixed Deposit to grow your savings, with high stability and safety of principal amount. As one of the safest investment options, fixed deposit enables you to take control of your investments with flexibility and offers guaranteed returns. You can easily choose a tenor between 12 months and 60 months, as per your financial needs.
Investing in Fixed Deposits is best for risk-averse investors seeking a stable investment avenue to grow their savings. You can benefit from one of the best FD rates, flexible tenors, and choose periodic payout options. FDs are one of the best low-risk investment options that can help you increase your savings easily. You can get guaranteed returns, without any effect of market fluctuations.
The full form of FD is fixed deposit, and it is a type of high-yielding deposit offered by banks and NBFCs in India. FD is one of the best investment instruments for risk-averse investors seeking fixed returns. While they are offered by both – banks and NBFCs, FDs offered by NBFCs offer higher returns. When choosing the right NBFC to invest in FD, it is advisable to check the interest rates and research about the safety of your deposit. To safeguard your deposit, you can choose NBFCs with high safety ratings by credit rating agencies like CRISIL and ICRA.