Fixed deposits are not the staid old method of investment you might have thought them to be. Not only are they quite safe and convenient, but have a host of benefits that are rarely advertised or understood. Earn more than a savings account with an FD and at the same time, avail of rarely used advantages like an FD-linked credit card.
Benefits of FDs Investment:
Flexible Tenure: Did you know FDs tuner not five years longer its depend on investor how much time to invest the money into fixed deposit. The fixed deposit period can vary from a week to 10 years.
Assured returns: Is it assured that you will get your money back? In the case of Fixed deposit you can assured that at the last you get your money with principal interest rate.
Take a loan against fixed deposit: You can easily take a loan on loan against FD. Term and condition depend on banks.
Get a credit card at cheap rates: Almost all FD investment plans allow you to avail of a low-interest rate credit card.