FD, FDs, fixed deposits, deposits, bank, interest, penalty, compounding
Although Banks are no longer offering the ucrative 9.5% per annum interest rate, still Fixed Deposits ae one of the most popular avenues for investment. This is primarily because of two reasons. Firstly, Fixed Deposits are very simple products and as such very easy to understand. Secondly, its very convenient to invest in a fixed deposit. All you need to do is go to your Bank and sign a paper.
However, for the discerning investor, we help evaluate fixed depost offerings of various banks in terms of:
- Interest rate offered
- Compounding facility
- Penalty on premature withdrawal
- Credit risk of the Bank
We ensure that you get the best offering after considering all the above parameters.
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