Invest In Fixed Deposits For These 5 Reasons

Have you invested in a fixed deposit scheme?

If ‘Yes’, kudos! You are on the right track!

If ‘No’, it’s time you do. Here are 5 benefits of fixed deposits.

#1 Guaranteed returns

You get assured returns on your investment at a predefined interest rate. Thus, you can avoid market volatility and enjoy stable returns.

#2 Attractive returns

Fixed deposits offer attractive returns on investment which helps your savings grow for your financial goals.

#3 Affordable and flexible

You can open an FD account with a small and affordable amount. Moreover, get the flexibility to choose the tenure of the deposit.

#4 Tax benefits

Invest in a 5-year Tax Saver fixed deposit scheme and lower your tax liability with a deduction on the investment under Section 80C up to Rs.1.5 lakhs.

#5 Availability of Overdraft on Fixed Deposits

Overdraft can be availed on specific Fixed Deposit types to meet your financial needs without having to withdraw Fixed Deposit prematurely.

So, invest in an FD and choose IDFC FIRST Bank to enjoy interest rates up to 8.00%* p.a. for regular investors and up to 8.50%* p.a. for senior citizens.