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Friday, October 22, 2021

Investment plans: up to 8.09% interest on FD, know where and how

  • Best Investment Plans: FD Latest Interest Rates are considered the best option for investment.
  • Recently, the Reserve Bank of India (RBI) has cut the repo rate.
  • After this deduction, almost all banks have reduced interest rates on fixed deposits.
  • Currently, FDs are getting interest at 2.3% to 6% per annum.
  • Investment Plans: up to 8.09% interest on FD, know where and how to invest

Best Investment Plans

FD Latest Interest Rates are considered the best option for investment. Recently the Reserve Bank of India (RBI) has cut the repo rate. After this deduction, almost all banks have reduced interest rates on fixed deposits. Currently, FDs are getting interest at the rate of 2.3% to 6% per annum. People are planning to invest in the Coronavirus. However, there are many investment options available in the market. Company FD can be a good option for investors at this time. However, the risk is slightly higher. You can invest by assessing here.

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What is a company FD?

Explain that a company or corporate FD is like a bank FD. Bank FD where investors’ money stays in the bank. At the same time, the company keeps the money in FD with the company. Company FD returns can be higher than bank FDs. They carry a middle-level risk. Here you can invest for 12 months to 10 years.

Senior citizens benefit more

Like a bank, senior citizens also get more benefit in company FD. The senior citizen gets an additional 0.5 per cent interest here. However, let us tell you that bank deposits are more secure than corporate FDs. Deposit insurance and credit guarantee corporation in the bank provides protection on the amount of up to Rs 2 lakh, it is not so on corporate FDs.

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Where to invest?

Investors should also take into account the credit rating of the company FD. You should invest only in companies that have AAA, AA and AA + ratings from agencies like Crisil, ICRA, CARE etc. Like a bank FD, company FD returns are fully taxable as per the income tax slab of the investor.

 

Source: www.patrika.com

#Investment #plans #interest

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