Monday, January 17, 2022
HomeGovernment SchemeFixed Deposit: Invest here instead of banks to earn more profit, getting...

Fixed Deposit: Invest here instead of banks to earn more profit, getting better returns on FD

Company Fixed Deposit – Before investing money in Company FD, investors must pay attention to the rating. Here the maximum interest is available up to 7.48 percent. Banks are giving returns up to a maximum of 5.5 per cent.

Due to the new variant Omicron of Corona, apprehensions about the country’s economy have started increasing again. This will also have an impact on the interest earned on the deposited capital. Not only private banks, but public sector banks are also able to give interest up to a maximum of 5.5 percent. In such a situation, people are looking for such options of investment tips for financial security, where high return investment is being given.

Those who want safe returns with low risk, they invest money in fixed deposits (Bank / PO Fixed Deposit) of banks and post offices. However, the interest rates here are quite low. In such a situation, a large number of people are investing money in the FDs of companies, where the maximum interest is getting up to 7.48 percent. At present, many housing finance companies are giving annual interest ranging from 5.75 to 7.48 percent on FDs.

Freedom to choose deposit tenure with guarantee
According to bankbazaar.com, company or corporate FDs are fixed deposit schemes like bank FDs. The top rated company FD guarantees assured returns and also offers flexible options to choose the deposit tenure. Their biggest attraction is getting more interest than the bank rates. The tenure of company FD can be from 12 months to 120 months.

Before investing money, definitely see the rating company Before investing money in FD, investors must pay attention to the rating. Sometimes low rated companies pay higher interest on FDs, but they can be risky. Investors should choose companies after looking at AAA, AA and AA+ ratings while investing in company FDs. Rating agencies like CRISIL, ICRA (ICRA), CARE (CARE) rating these FDs.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular