Fixed Deposit is a great way to grow your savings with utmost safety. It is one of the most preferred avenues that enable you to deposit a lump sum amount with your financier, and choose a tenure as per your convenience. On completion of the pre-decided tenure, your deposit starts earning an interest, throughout the chosen duration, as per the interest rate at which you locked in your deposit. Here are some Benefits of Fixed Deposit

• ·         Fixed Deposit is one of the safest investment instruments, which offers highest stability

• ·         Returns on Fixed Deposit are assured, and there is no risk of loss of principal

• ·         You can opt for periodic interest pay-outs, to help you manage your monthly expenses

• ·         There is no effect of market fluctuations on your Fixed Deposit, which ensures greater safety of your investment capital

• ·         Some financiers also offer higher FD interest rates for senior citizens