NBT Gains suggests Fixed deposit can be best investment product for an investor looking for Fixed return and very less risk.
If you are looking for an answer to your anxieties related to risk free investment, then Fixed Deposits are the solution. In Fixed Deposits you invest a certain sum of money which is fixed for a certain period of time. And that is why it pays you a greater amount of interest as compared to your normal savings account. Hence it is an ideal tool of investment for someone who wants to opt for a low risk long term investment.
Some of the advantages of investing in Fixed Deposit are:
Fixed rate of interest on investment.
Liquidity of funds. As you can break the FD before it’s maturity and withdraw the amount.
Flexible duration.
Tax Saving.
The capital amount remains safe and secure.