OUR Plan
A fixed deposit (FD) plan is a financial instrument provided by banks and non-banking financial companies (NBFCs) that offers investors a higher rate of interest than a regular savings account until the given maturity date. It is a popular investment option due to its safety and assured returns. Here’s a detailed description:
Benefits
- Safety and Stability: FDs are considered one of the safest investment options, especially when placed with reputed banks and financial institutions.
- Assured Returns: Unlike market-linked instruments, FDs offer assured returns, making them ideal for conservative investors.
- Flexibility: With a range of tenures and interest payment options, FDs offer flexibility to meet various investment needs.
- Liquidity: Though there may be a penalty for premature withdrawal, FDs can be liquidated in times of financial need.