Know all the Benefits of a Fixed Deposit Account

Planning and execution are the two most important things when it comes to investing your hard-earned money. It is not about putting a chunk of your salary aside. It will not grow! When you invest in the right manner, it is essential to understand that your wealth will grow exponentially.

In India, when it comes to investment, the first and foremost thing that comes to every person’s mind is a Fixed Deposit. This is because, firstly, it offers assured returns, and secondly, once an Indian calculate FD interest, they know they are on the right track.

What is a fixed deposit?

It is a type of investment instrument offered by financial institutions/banks where an individual deposits a lump sum amount for a fixed time, that ranged from a few months to several years. Further, in return, the investor earns a fixed interest rate, which is usually higher than on a regular savings account.

In India, it is considered one of the safest investments as it offers guaranteed returns. This means that it isn’t affected by the fluctuations in the market and is not volatile like stocks or bonds.

(Tip: FD interest rate is higher than a general savings account)

What are its benefits?


If you are in an emergency and require immediate funds, remember your fixed deposit can be withdrawn at any time. However, it is important to keep in mind that a minor penalty is involved here.

Tax Benefits

The law states that investors can get deductions on income tax up to Rs 1.5 lakh per annum. This falls under Section 80C of the Income Tax Act of 1961.

Guaranteed returns

This type of investment is not related to what goes in the market. So, unlike stocks or bonds, it is a safe type of investment and less risky.

Higher Interest Rate

One of the top reasons why Indians invest in an FD is that once they calculate FD interest, they know that they are in for a good ROI. Compared to the general savings account, it offers a much higher return.

How to invest in a Fixed Deposit?

Investing in an FD is as easy as ordering taraftarium24 canlı groceries nowadays. In my personal experience, I was looking to invest in an FD around five months ago. This was when one of my colleagues told me about the Bajaj Finserv application.

  1. Download the app from Play Store/App Store
  2. Sign up by entering your mobile number
  3. On the home page, you’ll see the Investment Bazaar section
  4. Tap on Fixed Deposit
  5. Proceed further as per your suitability/requirements


Undoubtedly, Indians are more inclined towards guaranteed returns as they think that the returns should be satisfying even after investing so much time and money. Moreover, the FD interest rate in our country is quite lucrative, which pulls more and more individuals towards it. So, if you plan to invest in an FD, using this application is highly recommended, and there is no need to go anywhere. Just pick up your smartphone, and you are good to go.

Related Articles

Leave a Reply

Back to top button