Fixed deposits – An evergreen mode of safeguarding money

With the introduction of so many investment options nowadays, fixed deposits are still considered one of the favourite options by people. The fact that you can withdraw the money after the short lock in period such as one year or so depending on the bank has always made the people to go along this route. Also nowadays banks have come up with attractive interest rates on the same and people can avail benefit in a shorter period of time. Interest up to 9 or 10 percent is what every bank is offering nowadays with varying time frames.

Also there is no bar on the age to open the account for fixeddeposits and this really helps the people to open the account for their young children as well.

Summary: Fixed deposits can really help people in some form or the other such as urgent money requirements like those involved to be spent on marriages.