Time-Tested Investment Wisdom: Why Fixed Deposits Remain Relevant in Today's Fast-Paced World

Digital technology, new investment avenues and changing consumer perspectives have altered India’s financial markets

While investor preferences have changed over time, one avenue continues to stay popular - Fixed deposits.

Fixed deposits have remained a safe and sound investment option over the years, even as investor preferences have changed. Let's explore why:

Benefits of FDs

Risk-free and guaranteed returns

Affordable

Flexible tenure

Tax benefits under Section 80C

Higher interest rates for senior citizens

Bank FDs are secured up to Rs. 5 lakhs, meaning that even if the bank fails to repay the amount, the RBI will.

The above reasons and the inherent trust in fixed deposits make them still relevant in modern times.

Enjoy high interest rates with IDFC FIRST Bank FDs. Get up to 7.5%* p.a. (up to 8% for senior citizens) and build your corpus.

*T&C Apply