Introduction:-

The key to manage your wealth and personal finances is correct financial information. Here in fininfo, you will get all the information you need about the various fixed deposits products, from different banks and financial institutions,that are available to you. When you know and compare them, you will be able to decide which fixed deposit products is/are suited for you. Personal finance and wealth is well managed when you are familiar with the products that you are using. You can then make correct and informed decisions which will help you in the long run.

To start with, we will discuss FDs and savings bank account from various banks. Fixed deposits forms the core avenue of Investment for many since decades. Though, in today’s era of equity investing & Mutual Funds, Fixed deposits still form the core or strategic investment idea for a large number of people. You can visit the below mentioned pages and blogs for details of fixed deposits and savings bank interest rates. You can get the description and details of products from various banks and financial institutions. Start your journey right here towards managing your wealth and personal finances.

These avenues of investment are all safe. No headache, as you know the returns that they will give at the end of maturity period. The major advantages are –

1. Predictable and steady income with no market fluctuation received at defined time intervals.
2. Capital protection especially for strategic investors.
3. Regulatory security from DICGC up to Rs. 5Lakh in case the bank fails.
4. Easy to manage and quick liquidity.
5. Facility of loan/overdraft provided by banks on FDs.
6. Some particular FDs also provide Tax benefits.

On the flip side :-

1. Premature withdraws often accompany penalty charges like lower interest rates.
2. Often these investments are unable to beat the high rate of inflation.
3. Depending on the interest rate cycle the economy is going through, there may be times when the interest rates are quite low.
4. During the tenure of the investment, if interest rate changes, it does not affect the fixed deposit. It is good during falling interest rate cycle, but typically bad during rising rate cycle.
5. If you as an investor is looking for some thrill (multi-bagger returns), this avenue is not for you.

N.B:- Please note that for your convenience, links are provided in the respective blogs, through which you can directly reach the official website of the respective financial institutions, that sell those products. In case you decide to purchase the products, you may do so, but at your own discretion. Please read the Disclaimer before proceeding. fininfo.in is not affiliated to any bank or financial institutions. All trademarks are properties of their respective owners.