FD is a good investment option if you wish to avail stable returns on your investment. Keep the following things in mind while choosing a particular FD scheme.
Interest rates: The higher the rate of interest on your FD, the faster your investment will grow. Compare the applicable rate of interest for the term of your choice.
Interest payout options: The growth of your FD investment depends on the applicable interest rate and the frequency of interest paid. Check the frequency of interest payouts like monthly, quarterly or annually.
FD Tenure: Each tenure comes with a pre-determined interest rate. Generally, the longer the tenure, the higher the interest rate will be. Check if there is a lock-in period for your FD and see if it suits your investment tenure.
Pre-mature withdrawal option: In certain situations, you may want to break your FD before the maturity date. Check if any penalty will be levied if you break your FD before maturity.
Safety ratings: Go for FD schemes that have credible safety ratings from rating agencies.
ICICI HFC Fixed Deposits offer a combination of attractive interest rates, liquidity, safety of capital and assured returns.