Short-term FD

• Short-Term Goals

Suitable for investors with short-term financial goals, such as saving for a vacation, upcoming expenses, or a down payment on a major purchase.

• Interest Payout Options

Depending on the terms of the FD, investors may have the option to receive interest payouts periodically (monthly, quarterly) or at the end of the maturity period.

• Diversification

While they might not offer high returns compared to riskier investments, they can play a role in balancing the overall risk profile of a portfolio.

• Overdraft Facility

Loan against FD facility is offered by issuers where you can take a loan of up to 95% of the maturity amount with minimal paperwork.

• Recurring Deposits (RDs)

Recurring deposits allow investors to deposit a fixed amount every month for a predetermined period, and they earn interest on the cumulative deposit.

• Short-Term Debt Mutual Funds

Mutual funds that invest in short-term debt securities, such as government bonds and corporate bonds, can be a good option for better returns with relatively lower risk.

• Treasury Bills (T-Bills)

Issued by the government, T-Bills are short-term securities with maturities ranging from 91 days to 364 days. They are considered low-risk and are available through auctions.

• Liquid Funds

These are mutual funds that invest in very short-term debt instruments. Liquid funds offer high liquidity and relatively stable returns.

• Post Office Time Deposits

Similar to FDs, post office time deposits provide a fixed interest rate for a specified tenure.

• Government Savings

Schemes Individuals looking for regular income and capital protection can consider opting for these schemes. They include the Post Office Monthly Income Scheme (POMIS), Senior Citizens Savings Scheme (SCSS), and the Pradhan Mantri Vaya Vandana Yojana (PMVVY).

• Flexi Fixed Deposit

A flexi FD is a combination of a fixed deposit and a savings account. It offers higher interest rates than a savings account with the same liquidity. Moreover, you can enjoy benefits like premature withdrawal, auto-renewal, and loan facility.

• Sweep-in Fixed Deposit

A sweep-in fixed deposit is where the savings account balance in excess of a certain stipulated amount is automatically swept into a fixed deposit account. The interest rates are higher than that of a savings bank account but are often lower than a regular FD.

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