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
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Higher Returns Earnings
You will earn an interest rate as high as 7.55% on your deposited amount.
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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.
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Loan Facility
One of the benefits of Fixed Deposit accounts is loan against FD. You can borrow 75% of the deposit value.
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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.
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Open FD Account Today!