Stylebeauty.info
  • Home
  • News
    5 countries with the lowest mortgage rates

    5 countries with the lowest mortgage rates

    Know Why You Should Prefer Investing in Fixed Deposits

    Know Why You Should Prefer Investing in Fixed Deposits

    Digital Circulation and also You

    Digital Circulation and also You

    Reasons It’s Time To Call A Plumber 

    Reasons It’s Time To Call A Plumber 

  • Fashion
    Tips for finding good deals on bags

    Tips for finding good deals on bags

    Why these essential items are the epitome of  laidback, polished style

    Why these essential items are the epitome of laidback, polished style

    Embrace the cozy season with the comfy matching set of hoodies: a styling guide

    Embrace the cozy season with the comfy matching set of hoodies: a styling guide

    Finding a Custom T-shirt Printer

    Finding a Custom T-shirt Printer

  • Makeup & Beauty
    Teardrop breast augmentation surgery

    Teardrop breast augmentation surgery

    Feed Your Skin and Be Beautiful

    Feed Your Skin and Be Beautiful

    Instructions to Pull Off Pearl Makeup Like a Pro

    Instructions to Pull Off Pearl Makeup Like a Pro

    What is Brow Tinting and Brow Shaping?

    What is Brow Tinting and Brow Shaping?

  • Celebrity
    Chiara Aurelia Biography, Lifestyle & More

    Chiara Aurelia Biography, Lifestyle & More

    Kevin Federline Net Worth, Family, Career and that’s just the beginning

    Kevin Federline Net Worth, Family, Career and that’s just the beginning

    Best tips and deceives for taking selfies with Dorian Rossini

    Best tips and deceives for taking selfies with Dorian Rossini

    How Fashion Nova Took Over the Internet

    How Fashion Nova Took Over the Internet

  • Clothing
    The Application of Colour in Fashion Designing

    The Application of Colour in Fashion Designing

    European Capitals of Vintage Clothing

    European Capitals of Vintage Clothing

    Requirements of The Spreading Process

    Requirements of The Spreading Process

    Is Fashion Nova Clothing Good Quality? – Fashion Nova Review.

    Is Fashion Nova Clothing Good Quality? – Fashion Nova Review.

  • Shoping
    Is Fashion Nova Clothing Good Quality? – Fashion Nova Review.

    Is Fashion Nova Clothing Good Quality? – Fashion Nova Review.

    BEST BRAND DRESS OF EXERCISE

    BEST BRAND DRESS OF EXERCISE

    2022: Best Beauty Products to Buy

    2022: Best Beauty Products to Buy

  • Lifestyle

    Benefits of Standing Desks That Will Make You Want To Ditch Your Chair

    Benefits of Standing Desks That Will Make You Want To Ditch Your Chair

    7 Ways To Get A Good Deal On A New TV

    7 Ways To Get A Good Deal On A New TV

    The high waisted cheeky bikini Is Back And We’re Obsessed

    The high waisted cheeky bikini Is Back And We’re Obsessed

  • Home
  • News
    5 countries with the lowest mortgage rates

    5 countries with the lowest mortgage rates

    Know Why You Should Prefer Investing in Fixed Deposits

    Know Why You Should Prefer Investing in Fixed Deposits

    Digital Circulation and also You

    Digital Circulation and also You

    Reasons It’s Time To Call A Plumber 

    Reasons It’s Time To Call A Plumber 

  • Fashion
    Tips for finding good deals on bags

    Tips for finding good deals on bags

    Why these essential items are the epitome of  laidback, polished style

    Why these essential items are the epitome of laidback, polished style

    Embrace the cozy season with the comfy matching set of hoodies: a styling guide

    Embrace the cozy season with the comfy matching set of hoodies: a styling guide

    Finding a Custom T-shirt Printer

    Finding a Custom T-shirt Printer

  • Makeup & Beauty
    Teardrop breast augmentation surgery

    Teardrop breast augmentation surgery

    Feed Your Skin and Be Beautiful

    Feed Your Skin and Be Beautiful

    Instructions to Pull Off Pearl Makeup Like a Pro

    Instructions to Pull Off Pearl Makeup Like a Pro

    What is Brow Tinting and Brow Shaping?

    What is Brow Tinting and Brow Shaping?

  • Celebrity
    Chiara Aurelia Biography, Lifestyle & More

    Chiara Aurelia Biography, Lifestyle & More

    Kevin Federline Net Worth, Family, Career and that’s just the beginning

    Kevin Federline Net Worth, Family, Career and that’s just the beginning

    Best tips and deceives for taking selfies with Dorian Rossini

    Best tips and deceives for taking selfies with Dorian Rossini

    How Fashion Nova Took Over the Internet

    How Fashion Nova Took Over the Internet

  • Clothing
    The Application of Colour in Fashion Designing

    The Application of Colour in Fashion Designing

    European Capitals of Vintage Clothing

    European Capitals of Vintage Clothing

    Requirements of The Spreading Process

    Requirements of The Spreading Process

    Is Fashion Nova Clothing Good Quality? – Fashion Nova Review.

    Is Fashion Nova Clothing Good Quality? – Fashion Nova Review.

  • Shoping
    Is Fashion Nova Clothing Good Quality? – Fashion Nova Review.

    Is Fashion Nova Clothing Good Quality? – Fashion Nova Review.

    BEST BRAND DRESS OF EXERCISE

    BEST BRAND DRESS OF EXERCISE

    2022: Best Beauty Products to Buy

    2022: Best Beauty Products to Buy

  • Lifestyle

    Benefits of Standing Desks That Will Make You Want To Ditch Your Chair

    Benefits of Standing Desks That Will Make You Want To Ditch Your Chair

    7 Ways To Get A Good Deal On A New TV

    7 Ways To Get A Good Deal On A New TV

    The high waisted cheeky bikini Is Back And We’re Obsessed

    The high waisted cheeky bikini Is Back And We’re Obsessed

No Result
View All Result
Stylebeauty.info
No Result
View All Result
Home News

Know Why You Should Prefer Investing in Fixed Deposits

by Saykat
January 2, 2023
in News
492 5
0
Know Why You Should Prefer Investing in Fixed Deposits
745
SHARES
3.5k
VIEWS
Share on FacebookShare on Twitter

In order to feel financially secure at all times, it is essential to start investing at the right age. Around a year and a half ago, when I started my first job, I was intrigued by the Fixed Deposit Interest Rate, after which I decided to invest in the same.

Moreover, it is one of our country’s most popular investment instruments. For many years now, it has been considered a safe investment as it provides assured returns over a period of time and is also flexible in its duration.

What is a Fixed Deposit?

Also known as Term deposits, it is a scheme where you invest a lump sum amount in the bank for a fixed tenure at an agreed interest rate. When the tenure ends, you get the amount invested plus the compound interest in return.

What are the two types of Fixed Deposits?

Before investing your hard-earned money, ensure you go for the right fixed deposit investment and also calculate FD interest rate beforehand using certain tools.

● Cumulative fixed deposit

It offers compounding benefits to the investors because it gives both the interest and principal on maturity.

● Non-cumulative fixed deposit

It is a regular income investment scheme that allows investors to choose their period of interest payout. So, in this type, instead of reinvesting, the lender transfers the amount back to the investor.

What are the pros of investing in a Fixed Deposit?

 

For years, FDs have been one of the most desirable investment schemes for Indians due to the assured returns. With time, it has evolved into a highly versatile and flexible financial scheme offering many benefits.

● Assured Returns

FD investment ensures guaranteed returns. The Interest Rate remains constant throughout the tenure, and you know exactly what you’ll be getting in return after it ends.

● Flexible Tenure

Starting from a month to up to a whopping ten years, calculate FD interest and invest accordingly as per your suitability. For example, suppose you have planned an important life event in the coming ten years; then, you can invest to meet your financial requirements.

● Easy withdraw

A Fixed Deposit can be withdrawn at any time, but it comes with a price. So, a minor penalty is involved if you plan to withdraw money before the tenure ends.

It is a well-known fact that the lucrative fd interest rate has pulled many Indians towards this investment scheme. Furthermore, as this investment is not affected by what happens in the market, like the stocks, the returns are guaranteed.

Which is the best platform to invest in an FD?

 

There are several platforms on the internet where one can invest in FD that have a lucrative Fixed Deposit Interest Rate. Personally speaking, I’ve been using the Bajaj Finserv application for over a year now, and I make all my investments on this app only. Here is a step-by-step guide on how you can invest in Fixed Deposit on this app –

  1. Download the official Bajaj Finserv app on your iPhone/Android.
  2. Sign up with your details
  3. On the home page, tap on three bars on the top right.
  4. Choose the ‘Try our Calculators’ option.
  5. Go to ‘Deposits Calculators’
  6. Choose ‘Fixed Deposit Interest Calculator’.
  7. Enter the details and know what suits you the best.
Previous Post

Digital Circulation and also You

Next Post

5 countries with the lowest mortgage rates

Saykat

Saykat

Next Post
5 countries with the lowest mortgage rates

5 countries with the lowest mortgage rates

Please login to join discussion

Latest Post

Tips for finding good deals on bags

Tips for finding good deals on bags

January 21, 2023

January 19, 2023
5 countries with the lowest mortgage rates

5 countries with the lowest mortgage rates

January 10, 2023
Know Why You Should Prefer Investing in Fixed Deposits

Know Why You Should Prefer Investing in Fixed Deposits

January 2, 2023
Digital Circulation and also You

Digital Circulation and also You

December 30, 2022

Categories

  • All
  • Celebrity
  • Clothing
  • Fashion
  • Hair style
  • Health
  • Law
  • Lifestyle
  • Makeup & Beauty
  • News
  • Shoping
  • Social Media
  • Tips

Contact Us

Contact us about anything:

Email us: [email protected]

Recent Recipes

Tips for finding good deals on bags

Tips for finding good deals on bags

January 21, 2023

Browse by Category

  • All
  • Celebrity
  • Clothing
  • Fashion
  • Hair style
  • Health
  • Law
  • Lifestyle
  • Makeup & Beauty
  • News
  • Shoping
  • Social Media
  • Tips

© Copyright 2022, All Rights Reserved, Powered By GPosting.com

No Result
View All Result
  • Home
  • News
  • Fashion
  • Makeup & Beauty
  • Celebrity
  • Clothing
  • Shoping
  • Lifestyle

© Copyright 2022, All Rights Reserved, Powered By GPosting.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In