FDs are the most common way to invest your money. While you are investing in FDs following things should be considered so you can earn good returns from your Investment.

Credit rating

Check the credit rating of the Firm to minimize the risk of financial loss. It is advised from a security perspective. There are multiple parameters that verify the CRISIL and CARE Ratings. If you find a firm with CARE AA or CRISIL FAA+ certification then it is worth investing.

Firm Services & Feature 

You can find multiple investment firms near your location to facilitate FDs. Before subscribing to any FDs verify the certification, reliability, and security of the firm. It is mandatory to do this as it’s a matter of money. The reputation of the firm also impacts the returns.

FD Duration 

We all know the time and Rate of investment amount impact in the returns. The longer the time period, the highest amount of returns you will receive at the end. To know the difference you need to compare the FD Duration of 5yrs to 15yrs. As you are investing for a long time you will save 10x more returns on your investment.

Interest rate

The interest rate fluctuates over time. Different banks offered different interest rates for different FDs with respect to their interest rate. It is categorized as non-cumulative and cumulative. Both have different benefits that your bank associates will explain to you in detail.

Your age and gender also impact the interest rate.  So, before investing check this one also.

Loan via FDs

FDs offer one more great benefit. In case if any impulsive situation happens or you are in need of financial assistance you can apply for the loan over your FDs. Generally, the bank facilitates 75%of your investment. However, the interest rate rose up to 2% or more.

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