What Is Fix Deposit??? Is FD Safe Investment???
What Is Fix Deposit:-
You may have heard about many middle-class families that the person had opened the FD of his name on the birth of his son-daughter or the person had to break his FD prematurely in the compulsion. This FD means a fixed deposit, which is considered a safe investment in the middle-class households of India. Most middle-class families in India invest in fixed deposits to save money, secure money and get a definite return. Since there is a balanced economy in India and the people have trust in the banks, people are not worried that their FD will be irritated.
But, in the bank where you have made an FD, do not be worried if he drowned! If he stopped or went bankrupt, then what will happen to your money? In this case, you will get your FD money. There are two types of investment market-minded FDs. First of all, the FD to be secured in banks is safe and there is no risk of investing in it. At the same time, people of other opinion believe that FD should not invest more, because even if the bank is less likely to drown, but if the bank drops, then a middle-class family can be a major loss to the people. Banks, investments and returns are such things, which can not be said about anything with the claim. Even if the government encourages the investment of mutual funds, then with the encouragement, there is a warning that the return depends on the vicissitudes in the market, so take action carefully. In such a case, we can not even make a decision on 'False' or 'False' on FD. We will tell you some of its advantages and disadvantages, on the basis of which you can decide whether FD is right for you or not.
Is FD Safe Investment:-
Benefits of Fix Deposit:-
1. Less Risk:- The FD is considered safe to invest money because the turmoil in the market does not have any direct impact on it. The RBI also gives insurance cover of one lakh rupees to the customer receiving FD on their behalf, which makes it more secure.2. Loans found on FD:- You may also lose your FD if you need it. In such a situation, you will easily get your money. Also, banks also offer loans against you for FD. You can get 90% of the money you have deposited in the bank as an FD, as a loan.
3 Interest gets:- When you get FD, you get interested in returns. You can take it in a quarter, six months or a year at any interval. If there is no major impact on the market, then there is no problem in getting interested.
4. High interest for the elderly:- Nearly all the banks offer interest on the FD of the elderly, it can be a deal of profit.
5. Tax saving:- FD Taxes can also save you tax. However, this is not very much, but if there is a small saving, then there is no harm in it.
Damage to Fixed Deposit:-
1. Do not expect much benefits:- Everyone knows that FD gives you a chance to invest in a safe investment, but the return in it is not too much or unpredictable. Instead of FD, there are all areas of investment in the market, which can give you many times more returns than FD.2. Liquidity is low:- The worst part of the FD is that if you break the FD before time, you get very little benefit. Suppose you invested 100 rupees for one year. The bank promised that it will give you 120 rupees at the end of the year. But if you take the FD ahead of time, it is very possible that you get only Rs. 102-103. This will satisfy the need of your chance, but the target you invested with it will not be complete.
3. Low savings in tax:- As we had counted you in a beneficiary category, FD can help you save income tax, but this help is not very much. Compared to FD, the government offers more flexibility in the income tax on investing in insurance or other government schemes.
