4 Good Reasons to Include Fixed Deposit in Your FY 2018-19 Investment Strategy

After the numerous ups and downs our economy went through, finally, it is in a stable state now. People are able to save enough money to invest in the right places and safeguard their future. However, there’s one more riddle in front of them which needs to be solved before proceeding further - people are willing to invest their money but have no idea about how and where to start from. Referring to the events in the past and the consequences it leads to, people now yearn for investment safety more than ever. Accordingly, FD (fixed deposit) is becoming an evident and obvious choice for many of them. So, if you agree, below are 5 good reasons to include the fixed deposit in your FY 2018-19 investment strategy.

Higher interest rate: Fixed deposit schemes come with very competitive interest rate offer which is relatively higher than other schemes in the market. You can get up to 8.10% per annum through your investment in fixed deposit depending on where you invest.

Tenor flexibility: Financial institutions offering fixed deposit allow the depositors to choose the investment tenor as per their convenience. As an investor, you can invest for a period as low as 7 days.

Payout flexibility: Due to the availability of variety in terms of payout frequency, a fixed deposit can be utilized to meet different financial goals. You can also use the FD Calculator and regulate the income as per your requirement.

Immunity from market fluctuations: Lastly, the most lucrative aspect of fixed deposit is the ‘immunity from market fluctuations’. Your investment remains safe despite market ups and downs, and you get the assured sum upon maturity. 

Also Read :- Best Investment Plans and Ideas for FY 2018-2019