You invest in FDs; Then ‘these’ things should be remembered

fixed deposit interest Reserve Bank of India has increased the repo rate by 0.90 percent twice last month. After that banks have increased the interest rate on their fixed deposits. In such a situation, now the question has come before the investors that what is the right time to invest in FD. (fixed deposit interest […]
 


You invest in FDs;  Then ‘these’ things should be remembered

fixed deposit interest Reserve Bank of India has increased the repo rate by 0.90 percent twice last month. After that banks have increased the interest rate on their fixed deposits. In such a situation, now the question has come before the investors that what is the right time to invest in FD. (fixed deposit interest how to choose best fixed deposit scheme in marathi)

invest in

If you are investing for the first time, start with a small savings plan. Apart from this, you can invest in FD, Target Maturity Fund, Fixed Maturity Plan, Debt Fund.

Interest accrues on this investment

FD 5.5%
Debt Fund 5.25%-5.45%
PPF 7.1%
SSY 7.6%
KVP 6.9%
SCSS 7.4%

 

Benefits of Small Savings Scheme

1. Better interest rate than bank deposits
2. Benefits under section 80C
3. Tax exemption on investment up to 1.5 lakhs
4. Long lock-in period, low liquidity
5. SSY for girls up to 10 years
6. SSY- Sukanya Samriddhi Yojana
7. SCSS – For citizens above 60 years
8 SCSS-Senior Citizen Savings Scheme
9. EEE Benefits in PPF, SSY

Apart from this, it is important to remember these things.

1. Bank’s credibility
Check 2. Interest rates of different banks
Check 3. Check Banks Rules Regarding Early Withdrawals
4. Some banks provide loan facility to certain investors through fixed deposits. Find out about it.