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4 Features and Benefits of Fixed Deposit Account in India

<br>A fixed deposit is one of the best ways to save a large amount of money with certainty. Not only does it offer you a higher interest rate as compared to a savings account but also ensures that you do not lose your investment in case the market reverses. Benefits of a fixed deposit account can be availed by any individual having a bank account in India or by a person eligible for applying for a bank account.<br><br>For more: https://www.pnbhousing.com/blog/features-of-fixed-deposit/<br>

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4 Features and Benefits of Fixed Deposit Account in India

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  1. 4FeaturesandBenefitsofFixedDeposit Account inIndia

  2. Benefits of Fixed Deposit Account in India When you need money in a hurry, you can get it from Fixed Deposit account. A Fixed Deposit account is a popular investment option. You deposit money for a fixed period and Choosing the right investment option to grow your money is always a challenge job. Why invest in fixed deposit? Having said that, Fixed deposit is a safe and reliable way of saving money with guaranteedreturns. Check out the Features and Benefits of Fixed Deposit Accounts inIndia Continuing

  3. The following are 4 features and benefits of Fixed Deposit Accounts in India FD Gives Guaranteed Rate ofReturn FD Accounts Tenure isFlexible FD Gives you Easy LiquidationOption FD Provide Greater Returns for SeniorCitizens Continuing

  4. 1 FDGivesGuaranteedRateofReturn Fixed deposit (FD) is the most popular option for investments , since it is tax-free, and helps to create a certain amount of financial security in the future. We offers attractive interest rates to encourage depositors to invest in FDs, while guaranteeing them a reasonable rate ofreturn. Continuing

  5. 2 FDAccountsTenureisFlexible The tenure of the fixed deposit account ranges from 7 days to 10 years, giving enough flexibility to depositors to decide the tenure of the FD account. Further, the depositor can also extend the tenure of the FD for the same period or as per the need at the time ofmaturity. Continuing

  6. 3 FD Gives you Easy LiquidationOption Fixed deposits can be easily liquidated by paying a small penalty to the financial institution, in case the funds are required before maturity. Some financial institutions also provide loans against depositfacilities Continuing

  7. 4 FD Provide Greater Returns for Senior Citizens Financial institutions offer high fixed deposit interest rates for senior citizens, which is generally 0.25-0.50% higher than regular FD rates. This makes fixed deposits very appealing for senior citizens to park their life savings and generate a regular source ofincome. Continuing

  8. Referral URL https://en.wikipedia.org/wiki/Fixed_deposit https://www.pnbhousing.com/blog/features-of-fixed-deposit/

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