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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…

A fixed deposit is one of the most popular investment options. Both young and old investors prefer investing their funds for a short and long term period in an FD. A fixed deposit provides guaranteed and fixed returns for the duration of the deposit and in return, the funds are available only when the deposit matures. With digital banking getting more popular, people are preferring to open a fixed deposit online as compared to opening them offline by visiting a bank branch. Most banks now have mobile banking in place which allows the user to make transactions from their mobile phones. These mobile banking apps provide almost all the services that internet banking provides which means it is even possible to open fixed deposits online through the mobile banking application. Opening an FD online has a lot of advantages which trump opening the deposit offline in a branch. Here are…

We all want to increase our income from additional sources, apart from our regular job or business. Investments help us in doing that. There are various investment options, foremost among them being Fixed Deposits (FD) and Mutual Fund (MF). For long, various types of Fixed Deposits like Regular FD, tax saver FD, etc. have been popular investment options for a majority of us Indians. Over the last decade or so, however, the mutual fund industry has seen increased investment as well. The returns on term deposits interest rates are lower than MFs. But, they prove sufficient for people looking for security. You wouldn’t want your earnings to fluctuate according to market whims – which is what happens with an MF investment. We can manage with lower returns, but not without the safety of our money – a benefit FDs provide, among many. Reasons for preference of FD over MF A…

It is wise to analyze different investment instruments before using them to build your investment portfolio. One question which might confuse investors is whether to invest in low-risk investment instruments such as fixed deposits or high-risk investment instruments like mutual funds? Both of these options have different benefits, and therefore you can use them both to diversify your investment portfolio after analyzing your risk-taking ability and financial requirements. To understand them better let us know the differences between them: Investment method  In mutual funds, several investors pool their money by investing in equity, bond or any other money market options. On the other hand, fixed deposits do not involve the pooling of money as an investor invests a particular amount of money for a fixed period of time individually. Moreover, fixed deposits offer a fixed interest rate whereas the interest earned in a mutual fund fluctuates according to the market…