Fixed deposits have long been hailed as the best investment plan for achieving both long and short term goals, spanning from children’s education to personal retirement. In terms of investment options, fixed deposits are considered the best owing to the inherent security they provide. In a fixed deposit, funds are securely locked away for a fixed period and returns are provided at a rate of interest decided at the time of investment. Fixed deposits provide assured returns since they are guaranteed by the government. This means that even if the bank or financial institution where you’ve opened your fixed deposit shuts down, you will still receive your earnings.
Even though FDs are noted as the best investment plan, different banks offer different rates of interest which can be used as yardsticks to identify the best investment options for your individual requirements. If you open an FD on Finserv MARKETS, you get access to the highest interest rates in the market starting at 6.5%, which can go up to 6.75%. Additionally, if you are a senior citizen, the interest rate offered to you with an FD made available on Finserv MARKETS will be 0.35% over and above the existing rates.
Today, most industries are being digitised and financial services are no exception to this. Online investment options offer more benefits than ever before and it is vital that you garner the highest advantages from your FD by opening it through online portals such as on Finserv MARKETS. Banks and other financial institutions that offer fixed deposits often provide higher rates of interest online than if you sought to open one offline. There are several other benefits associated with making an FD an online investment. Read on to learn more about them.
- Increased Convenience: You can start an online investment from the comfort of your home or office, or anywhere at all. If you open a Fixed Deposit on Finserv MARKETS, you can easily track your returns through the Customer Portal and keep a vigilant eye as your investment grows.
- Easier to Browse through Options: When you visit a bank or a financial institution to open an FD, your choices are limited. However, when you make the decision to make an online investment, you can more easily browse through options. You can go through the different benefits offered by different institutions, analyse the different rates of interest being offered and then take a more informed decision. This allows you to rest assured that the plan you have selected is the best among all the investment options on offer.
- Faster Processes: By opting to open an FD online, you can save time that would have been spent in reaching your nearest branch of a bank or financial institution and even for processing of your account. On Finserv MARKETS, you can open an FD in 3 easy steps. You simply need to fill in your details and details of the FD you are opting for, upload the required documents and deposit your FD amount. Once your online investment has been activated, you can begin tracking your returns from practically anywhere at all.
- Easier Payments: When you decide to open an FD by visiting a physical branch of a bank or financial institution, you might be required to carry the entire deposit amount along in cash or fill out a bunch of forms that enable the shifting of funds between accounts of yours. Any of these processes would involve a lot of difficulties and would require several hours of effort; all of which could be avoided by opting to make an online investment.
Fixed deposits have long been considered the best investment plan because of their assured returns and the safety they guarantee investors. Fixed deposits are also among the more liquid investment options, even though breaking a fixed deposit before its tenure is up may invite penalties and fees. Online investments are the best investment option when it comes to opening a fixed deposit because most banks and institutions offer higher rates of interest online than they do offline. If you choose to open an FD on Finserv MARKETS, you can gain access to the highest interest rates in the market starting from 6.5% and going up to 6.75%
These fixed deposits come with a stable ICRA MAAA and CRISIL FAAA rating, so you can rest assured that your investment remains safe. You can even choose whether you’d like a cumulative or a non-cumulative fixed deposit. While the latter would allow you to receive your payouts on either a monthly, quarterly, half-yearly or annual basis; the former would re-invest your returns along with your principal amount and allow you to reap a larger corpus.
Finserv MARKETS, from the house of Bajaj Finserv, is an exclusive online supermarket for all your personal and financial needs. We understand that every individual is different and thus when you plan to achieve your life goals or shop for the gadget of your dreams, we believe in helping you Make it Happen in a few simple clicks. Simple and fast loan application processes, seamless, hassle-free claim-settlements, no cost EMIs, 4 hours product delivery and numerous other benefits. Loans, Insurance, Investment and an exclusive EMI store, all under one roof – anytime, anywhere!