Bank fixed deposits (FDs): What are your investment options?
- 53% of a household savings are kept in a bank deposits
- People switch to FDs as a flight to safety during economic crisis
More than half of our country's household savings are in bank deposits. According to the RBI Bulletin, 53% of a household savings are kept in a bank deposits. A fixed deposit has historically been the most attractive investment option in our country. During times of economic crisis, people use bank FDs as a flight to safety. They move from riskier asset classes to safer ones to protect their capital. According to financial planners, the ongoing Covid19 has also forced many HNIs and other retail investors to switch to fixed deposits, in order to preserve their capital.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more