Summary:
Pune, Maharashtra, India (NewsVoir) The fixed deposit is one of the most preferred investment options in the financial market.
A financial report cites that more than 90% of Indian households have invested in a fixed deposit.
The FD is such a preferred option that it is a stable tool where your initial deposit will remain safe, and you can accrue generous returns over your chosen tenor.
This versatile tool is perfect for all kinds of investors.
Let"s look at how this tool can help investors across all age groups and risk appetites.
1.
Young investors Most fixed deposits have a small initial deposit amount making it more straightforward for younger investors who lack a sizeable corpus to enter the investment arena still.
They help instil a habit of savings, and since this tool is not market movement linked, investors can be assured that their money is safe.