FIXED DEPOSIT
HOW TO SELECT THE RIGHT FIXED DEPOSIT SCHEME?
Published By Livemint
| 19 Mar, 2023
FIXED DEPOSIT
FD is a popular investment among investors with low risk appetite
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WHERE TO DEPOSIT FD?
FD can be deposited in any bank or NBFC. Know tips of FD investment
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SAFETY
Larger banks are safer than smaller banks due to their size & financial strengths
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PRIVATE OR PSU?
Experts suggest of sticking to PSU banks or selected private banks
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INTEREST RATES
Smaller banks offer higher interest rates than larger banks to remain competitive
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CUMULATIVE FD
This type lets you reinvest the interest income earned on FD, so that interest is compounded
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NON CUMULATIVE FD
Interest is credited to your bank account at regular intervals
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PREMATURE WITHDRAWAL
Select a bank that offers premature FD withdrawal facility
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PENALTY
Choose the bank with lowest premature withdrawal penalty
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FD SCHEMES
Compare the pros and cons of FD schemes provided by different banks
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