Fixed Deposits (FD) are one of the most trusted investment options for individuals seeking stable and guaranteed returns with minimal risk. By investing a lump sum amount for a fixed tenure, you earn a pre-determined interest rate, ensuring your capital grows safely over time.
Types of Fixed Deposits:
- Standard Fixed Deposits: Offers fixed interest over a set period with guaranteed maturity value.
- Tax-Saving Fixed Deposits: Eligible for deductions under Section 80C of the Income Tax Act with a 5-year lock-in period.
- Cumulative Fixed Deposits: Interest is compounded and paid at maturity, ideal for long-term savings growth.
- Non-Cumulative Fixed Deposits: Provides regular payouts (monthly/quarterly) of interest for income-focused investors.
- Senior Citizen Fixed Deposits: Offers higher interest rates for individuals aged 60 and above.
Key Features of Fixed Deposits:
- Low-Risk Investment: Capital protection with assured returns makes FDs a reliable choice.
- Fixed Returns: Pre-decided interest ensures predictable earnings over the tenure.
- Tax Benefits: Tax-saving FDs offer benefits under Section 80C up to ₹1.5 lakh per year.
- Flexible Tenure: Choose from short-term (7 days) to long-term (up to 10 years) deposit periods.
- Loan Against FD: Avail loans or overdrafts against your FD without breaking it.
NIT Finserv brings you a curated selection of Fixed Deposit options from reputed financial institutions. Whether you aim for tax savings or simply want secure growth, we help you pick the right FD plan that aligns with your financial goals.