Fixed Deposits
Fixed Deposits are the preferred mode of investment for many investors. While investors with a low-risk profile invest in fixed deposit schemes to earn guaranteed returns, investors with a high-risk tolerance invest in fixed deposits for a stable portfolio. Besides guaranteed returns fixed deposits also help accumulate a good corpus over flexible tenures ranging from as low as 7 days to as high as 10 years.
Non-Banking Finance Companies (NBFCs) offer higher interest on their deposits. We are empanelled with all the leading companies for mobilizing their fixed deposit products which have strong pedigree and history of offering deposits to customers for decades. These NBFCs are rated AAA which is the highest credit rating by multiple agencies such as CRISIL, ICRA and CARE.
NBFC deposit schemes have a lot of benefits to offer investors. These fixed deposit benefits include the following -
- The most prominent benefit of fixed deposits is the attractive interest rates. Interest rates of fixed deposits offer the best returns on your investments.
- It offers flexible tenure options. One can thus plan for both short-term and long-term financial needs.
- Investing in the deposit scheme is quite easy and convenient. One can invest online within minutes. Moreover, the documentation process is simple allowing to open a deposit account with a limited number of documents.
- According to the investment strategy one can choose from cumulative and non-cumulative deposit schemes and either create a corpus for financial goals or choose to receive regular incomes.
- Senior citizens can enjoy additional interest rates on their investments.