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Investment Options Better Than Fixed Deposits: Alternatives to FD

Are there investment options better than Fixed Deposits? This blog will answer this question and suggest a list of alternative investment options to FDs.
November 8, 2024
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Fixed Deposits are one of the most popular investment options in India but, they aren’t really the best. They are popular because as the name “Fixed Deposits” suggests they give you fixed returns on the amount you deposit.

The returns you get by investing in a fixed deposit vary from 4% to 8% depending on the time you invest the money for and your age. Senior citizens, for example, are generally offered a higher rate of interest. The time frame for these deposits can range for a few months to a few years.

What are fixed deposits?

A fixed deposit is generally defined as a financial instrument that is offered by banks or Non-Banking Financial Companies (NBFCs). Fixed deposits give investors a higher rate of interest than their regular savings bank account. The higher returns, however, come at the cost of the higher lock-in periods.

Why do people want alternatives to Fixed Deposits?

The reason people seek out alternatives to Fixed Deposits is that there are assets that give investors higher interest rates, lower lock-in or minimum holding periods and some assets even offer

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