A Fixed Deposit is a financial instrument provided by banks and financial institutions where you invest a lump sum amount for a fixed tenure at a predetermined interest rate. At the end of the tenure, you receive the principal along with the accumulated interest. FDs are known for their safety, liquidity, and assured returns, making them a popular choice for conservative investors.
Types of Fixed Deposits:
- Regular Fixed Deposit: Fixed tenure with assured returns.
- Tax-Saving Fixed Deposit: Comes with a lock-in period of five years.
- Cumulative Fixed Deposit: Interest is compounded periodically and paid at maturity.
- Non-Cumulative Fixed Deposit: Interest is paid out at regular intervals (monthly, quarterly, or annually).
- Senior Citizen Fixed Deposit: Exclusively for senior citizens with higher interest rates.
Features:
- Guaranteed Returns: Fixed interest rates provide assured returns, irrespective of market fluctuations.
- Capital Safety: Principal amount remains secure throughout the investment tenure.
- Flexible Tenures: Choose from a wide range of tenures as per your financial goals.
- Loan Facility: Avail loans against your FD without breaking the deposit.
- Easy Liquidity: Premature withdrawal option available with applicable penalties.
- Tax Benefits: Certain FDs offer tax deductions, optimizing your savings.
Fixed Deposits offer a safe and reliable way to grow your savings while ensuring financial security. Whether you are looking for short-term gains or long-term wealth creation, FDs cater to diverse investment needs. At SIPUS INDIA FINANCIAL PRIVATE LIMITED, we help you choose the right Fixed Deposit options tailored to your financial objectives.
