Fixed income securities are crucial part of an investment Portfolio. Fixed deposits represent investments that provide income largely in the form of fixed periodic payments and repayment of the increased amount at the time of maturity. Along with this, it helps in increasing your returns without even exceeding your risks. It may be a good time to open a fixed deposit and lock in at high levels before the interest rate cycle turns.
The major attractions of FD's are impressive interest rates, minimal risk and guaranteed returns.
Eligibility and documentation required: A valid identity proof and an address proof are required by the depositor for opening a fixed deposit account.
FACT 1: Akin to banks, companies also offer fixed deposits
FACT 2: Bank deposits are more secured than company fixed deposits
FACT 3: Avoid involving with those who promises to offer you high rate of interest
FACT 4: Higher interest frequency not only guarantees higher returns every time
FACT 5: Due to any reasons if you withdraw prematurely, your deposits will bring lower than promised returns
FACT 6: Penalty as well as premature withdrawals can be negotiated
FACT 7: Interest on fixed deposits will be charged before it is paid out to you
FACT 8: Not all 5 years deposits guarantee you to enjoy section 80C income tax exemption
Fact 9: You can raise a loan or overdraft facility against your FD
Fact 10: Sweep- in excess cash deposit facility from your savings account into fixed deposits