Fixed deposit was always a secure investment option but the surge in the deposit rates in the past few months has made it a preferred choice for people. They now can earn greater returns over their deposits but the benefits that an investor can earn can be maximized if he adopts a meticulous approach while opting for a deposit scheme.
The rate of return offered by banks may differ across different maturity periods and also from one bank to another. So, before a person invests under a scheme he must make sure that this the best rate that he can get over the given maturity period and for that he may have to do some research on the rates offered by various banks.
The tenure of deposit scheme must be chosen very carefully, if a person is sure that he will not require that amount for a certain period of time then only he must invest under this scheme as most of the banks have stated to levy penalty on the premature withdrawal of fixed deposits.
Following these simple instructions a person can earn maximum returns on his deposits.
1 comment:
Hi , are u aware of any website where i can find the historical data on the fixed deposit rates in India ?
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