Fixed Deposit investors expect the following benefits from their investment
Fixed returns: Unlike most other investment plans, FDs offer assured returns on the deposited amount. So, no matter how interest rates move or economy acts, you will get the returns promised at the time of investing.
Assurance: At the end of the investment tenure, you get back the amount you put in along with the accumulated interest.
Flexibility:The best FD plans offer flexibility when it comes to the tenure of the plan. Based on the investment goals, you can either open short-term FD accounts or long-term FD accounts. Most financial institutions offer maturity tenures extending from 31 days to 5 years. Low-Risk Leve:There are various ways to invest your money. The investment options such as mutual funds, bonds and stocks give you high returns, however, they are volatile in nature as they are linked to market risks. People who do not want to or are not ready to take such risks can invest in FD. They are a great option for people with long-term financial goals. Higher interest for Senior Citizens:For Senior citizens pursuing safe investment avenues to invest their life savings, there are several benefits of Mudra fixed deposit. As a senior citizen, you can easily gain additional rate benefit of 0.5% over and above the regular interest rate. A surplus source of income: The investor can select the frequency of interest payout for non-cumulative fixed deposit plans. Therefore, they can act as an added source of income.