What are the Benefits of Fixed Deposits?
Fixed deposits are investment tools wherein you get assured returns at maturity. Here is the list of benefits that you’ll get.
4 Benefits of Fixed Deposit
Higher Returns Earnings
You will earn an interest rate as high as 7.55% on your deposited amount.
Additional Returns for Senior Citizens
If your age is 60 years or above, you will earn an additional interest of 0.25% on your fixed deposit.
One of the benefits of Fixed Deposit accounts is loan against FD. You can borrow 75% of the deposit value.
No Tax Deduction
You don’t have to pay taxes on the fixed deposit interest if it is up to INR 5,000 per financial year.
Open FD Account Today!