A Fixed deposit in India is an age-old financial product. This is one product that people rarely optimize from a long term investment point of view.
Many people often make the decision to transfer their funds from a savings or current accounts into a fixed deposit.
Fixed deposits are traditionally known as low-risk and high-reward investment products.
A tax saving fixed deposit is a financial product that is used to avail tax benefits as per IT Act 80 (C).
A Fixed deposit account has always been one of the safest and risk free ways to invest our funds.
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.
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.
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.
All of us work towards having a secured future. We need to start saving money as soon as we can and make wise investments that will provide us with successful returns.
Everyone feels the need to save for a secure future. Investing in assets can be quite risky as we can’t be very sure about the outcome.