Which Type of Fixed Deposit Is The Best? - Loan Trivia


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Friday 17 February 2017

Which Type of Fixed Deposit Is The Best?

You must be looking for an investment scheme that is safe and secure? The answer is always ‘Fixed Deposit’.
People prefer to invest in fixed deposit due to the safety aspect. They mainly target for high returns, so, in such situation security plays a very important role.

That is the reason, banks and NBFCs have come up with various types of FD schemes. But, before you invest your money, make sure that you analyse all your options well.
First of all, you will have to check your motivation to invest, and your individual financial goals. Do you know you can also save on taxes?
Choosing the best type of FD can benefit you in many ways. There are various types of fixed deposits like:
  • Standard Fixed Deposit
  • Flexi Fixed Deposit
  • Tax Saving Fixed Deposit
Each type has its own advantages and disadvantages. As an investor, you should be aware of every factor. To know more, read: https://yourstory.com/2017/02/943ebef2a8-investing-in-the-ideal-fixed-deposit-schemes-a-look-at-popular-fd-types/

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