Fixed deposits are among the most popular investment options in India and it should form a part of your investment portfolio as well. Fixed deposit (FD) in India provides a risk-free return at a decent interest rate compared to similar investment tools in other countries. Here are the key reasons you should consider making it a part of your investment strategy: High safety assurance: PNB Housing’s fixed deposits carry an FAAA/Negative rating by CRISIL indicating low credit risk No tax deduction: No tax is deducted at source on interest earned on fixed deposits up to Rs. 10,000 in a given financial year. Loan facility: In case of an emergency, you can take a loan against your fixed deposits at a reasonable interest rate. Premature cancellation: Most fixed deposit schemes allow you to withdraw your money at any point after a brief lock-in period at a nominal penalty on the interest…