Best Investment Option To Gain Assured Return

Investments whether long-term or short-term help to fulfill host of financial obligations such as to fund higher studies, manage wedding expenses, expand business operations, and much more.

In times of growing uncertainty it is imperative for you to opt for investments which offer low-risk on assured returns. This will allow you to gradually accumulate wealth while growing your corpus.

The popular investment option in this category is the Fixed deposit. These are rated high on stability and security being certified with ICRA’s MAAA stable rating and CRISIL’s FAAA stable rating so your investments are never at risk. This investment is free from market fluctuations and thus offers assured returns even on the minimum investment of Rs. 25,000.

Leading NBFCs offer higher loan interest starting from 8.40% onwards. You can park the lump sum amount for a flexible tenure of 12-60 months. Where interest income upto Rs. 10,000 is tax free. You can even save tax on income of Rs. 10,000 or more on submission of Form 15G and Form 15H to your lender.

Upon renewal you can earn top-up interest of 0.25% and senior citizens can earn top-up rate of 0.35%. To know how much income can be earned from the saved amount you can use the FD calculator available at the lender’s official website.

You can easily book the deposit online with minimum paperwork either in your name or for your family member. Besides, the account can be easily managed online from anywhere anytime. But usually the account does not require much monitoring but you can always check for interest income earned and interest levied or to just upgrade your account, in a few clicks.