How to Earn a Higher Interest on FD?

Investments are a major part of everyone’s life. The process helps people plan their financial goals in advance and avoid turmoils later. Thus, it is likely for everyone having an income and is prone to get old with time to start investing now or at a later stage in life. However, anyone either planning to or has already started with it would have a common wish - to earn higher ROI. 

This can be done in two ways given the interest rate for any investment is fixed; 

1. invest in the right scheme in the first place, 
2. invest for a longer time or a higher amount to earn a better interest rate. 

You May also Know: How to Calculate Interest Rate?

What are the high-interest rate investment schemes?

Corporate Fixed Deposits: 

Corporate fixed deposits (FD) are like any other FD scheme available in the market, the only difference is the financial institution, in this case, is not a bank. This is one reason why corporate FDs are able to offer a better interest rate with their schemes. That said, even with NBFCs the fixed deposit interest rates are pre-defined based on the investment tenor: you invest for a longer time, you get a better interest rate and vice versa. 

Mutual funds: 

Mutual funds offer higher ROI with an increased risk. The investment has to be carefully planned and has to be done under the guidance of mutual funds experts. 

You can also invest in any other linked or non-market linked schemes to earn a better return. Besides, you can always invest a higher amount for a higher period to get a better interest rate deal for your investment.

Also, Read This: NRI FIXED DEPOSIT | BENEFITS OF NRI FD