how is fixed deposit better than any other
DESCRIPTION
Get to know more about Fixed Deposit and FD interest Rates and also how Fixed Deposit better than other investments.TRANSCRIPT
How Is Fixed Deposit
Better Than Any Other
Investment?
Presented By: Narendra Pratap
Fixed deposits(Visit: http://www.bankbazaar.com/fixed-deposit.html) refer to the financial instrument provided by banks where the investors get a higher rate of interest than a regular account until the maturity date. The investors cannot withdraw their money from fixed deposits before the maturity date and neither can they withdraw it by giving any advance notice.
Investments refer to the usage of the money in an economical way. An investor can invest his money in physical properties or increase his assets such as buildings, machinery, factory etc.
Unbeatable advantages of Fixed
Deposits
Fixed Deposits are purely safe
The fixed deposits are entirely safe from reputed banks and financial institutions regulated by RBI. The banking systems in India are very much safe and are reliable to their customers.
Unbeatable advantages of Fixed
Deposits
Standard Return
From FD the investor gets a regular income and also get attractive rate of interest. This
could be a good opportunity to old age people as they could get regular and fixed
income.
Unbeatable advantages of Fixed
Deposits
Save taxes
The investments in the FD are also beneficial for customers in reducing or saving their
taxes from Income Tax Department of India. The amount that is up to Rs. One lakh for
five years is tax exempted under section 80 C of income tax act. This makes FD more
popular among investors.
Invest wisely!
Thank You