Is Fixed Deposit Safe?

Investing the surplus savings is often preferable to leaving them idle. Although there are a variety of investment options available, fixed deposits are a common choice due to their lower risk and higher returns. Fixed Deposits from Finserv MARKETS have some of the highest interest rates, allowing you to easily expand your savings.

However, before you invest in any fixed deposit, you might be worried about the security of your fixed deposit. Continue reading to gain a deeper understanding of this.

How Safe is Bajaj Finance Fixed Deposits?

The best part about investing in a fixed deposit account is that you don't have to worry about the rate of return. Fixed deposits have proven to be a common income growth tool, with returns as high as 8.95 percent on Finserv MARKETS. Let's take a look at some of the characteristics of FDs that make them a secure and sound investment.

  • High trustworthiness

Examining an investment option's credit rating is one of the easiest ways to thoroughly evaluate it. Fixed deposits on Finserv MARKETS have an ICRA MAAA rating and a CRISIL FAAA rating, indicating that your money is healthy. It is guaranteed that you will receive timely returns on your investments and that the lender will never default with the highest level of integrity.

  • Senior citizens should expect higher returns

Fixed deposits are a viable investment choice for retired senior citizens because they provide higher returns while maintaining a high level of protection. Fixed deposits for senior citizens purchased for three years and set to payout at maturity on Finserv MARKETS guarantee an interest rate of 8.95 percent.

  • More choices and a simple procedure

Fixed deposit accounts have a variety of payment options. You have the option of receiving payments monthly, quarterly, bi-annually, or annually, depending on how and when you require the funds. FDs can be transformed into cash quickly due to their high liquid value.

The method of opening an FD account with Finserv MARKETS is simple and painless. All you have to do is use the FD calculator to prepare your investment, fill out a form to choose the type of FD you want to open, send a few simple documents for KYC, and make the payment. You can open an FD account with as little as Rs 25,000 in your account.

Safety of Investing in FD

Since deposits up to Rs. 1 lakh are covered, fixed deposits are a safer investment choice than other risky alternatives. Aside from that, credit rating agencies rate and classify the capital invested by taking into account the securities and commodities that have been purchased. Because of the volatility and fluctuation of stock prices, income funds may be very unpredictable. As a result, they may not be a very good buffer for investments against market rate volatility. Investors with a strong risk appetite are encouraged to participate due to the absence of a rating system and an over-reliance on financial analysis of investment portfolios.

What to look for while opening FD?

With so many options available, it's critical that we choose one that stands out and, among other things, offers a higher rate of interest. Until investing in fixed deposits, you should consider the following factors:

  1. The provided interest rate
  2. Kind of interest (floating rate or fixed rate)
  3. Frequency of compounding
  4. Form of payment
  5. Withdrawal and sweep services are available.
  6. Other advantages that come with it.

FAQs

  • ✔️Are FDs safe to open an account?

    You will earn the highest fd interest rates in India by investing in fixed deposits, which lets you achieve better returns. You will gain more with a short-term deposit of a few months than you do with a Savings Account.

  • ✔️Can you lose money in fixed deposit?

    Fixed deposit assets are locked in for a set period of time, and the sum accumulated during that time cannot be withdrawn prematurely. In the event of a withdrawal before the fixed deposit's maturity date, the fixed deposit must be broken, resulting in a lower rate of interest and the payment of a tax.

  • ✔️Is there any risk in FD?

    You won't gain if interest rates rise in the economy because your FD is locked in at current rates.

  • ✔️Are FDs safer than mutual funds?

    A lump sum amount is normally needed for an FD, while mutual fund investments can be made with as little as Rs. 500 per month. Investing in Mutual Funds, on the other hand, makes more sense because they have higher long-term returns and can be tailored to your specific objectives.

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