Fixed deposit

As one progresses in life, financial commitments increase irrespective of their income. One needs to provide for rent, commuting, medicines, utility bills and many other expenses in that income. An additional source of income will be a great help for people to meet these mounting expenses every month. A Fixed Deposits (FD) scheme can help one get an extra income source.

Here is how one can use the best Fixed Deposit plans to save extra money every month.

Save Extra Every Month With a Non-Cumulative Fixed Deposit

Banks offer Fixed Deposit schemes under two categories,

  • Cumulative
  • And Non-cumulative

Both these FD types have their own benefits.

Benefits of a Non-Cumulative Fixed Deposit

  • A non-cumulative Fixed Deposit scheme is the most suitable option for people who seek a regular income from the money they invest.
  • One can invest a lump sum amount and receive the same on a particular occasion, like retirement, bonus, incentive, or from an inheritance, in a non-cumulative Fixed Deposit scheme with a monthly payout option.
  • This FD scheme will help one earn an assured income every month on the investment and keep his capital safe from impulsive expenditure.
  • An individual can go through the interest rates of various banks offering non-cumulative Fixed Deposit plans to choose the best Fixed Deposit plan for monthly savings.
  • Moreover, the Fixed Deposit interest calculator present on the websites of various banks can tell a person exactly how much interest they can get on investing a particular amount for the duration that suits them.
  • This FD helps investors enter into reasonable financial commitments
  • An individual with assured income sources every month can save themselves from the month-end stress of meeting their expenses. They can also avoid bad debts and delayed bill payments for utility bills, credit cards, and loan EMIs with the FD income.
  • A non-cumulative Fixed Deposit scheme is the most suitable option for people who seek a regular income from the money they invest.
  • One can invest a lump sum amount and receive the same on a particular occasion, like retirement, bonus, incentive, or from an inheritance, in a non-cumulative Fixed Deposit scheme with a monthly payout option.
  • This FD scheme will help one earn an assured income every month on the investment and keep his capital safe from impulsive expenditure.
  • An individual can go through the interest rates of various banks offering non-cumulative Fixed Deposit plans to choose the best Fixed Deposit plan for monthly savings.
  • Moreover, the Fixed Deposit interest calculator present on the websites of various banks can tell a person exactly how much interest they can get on investing a particular amount for the duration that suits them.
  • This FD helps investors enter into reasonable financial commitments
  • An individual with assured income sources every month can save themselves from the month-end stress of meeting their expenses. They can also avoid bad debts and delayed bill payments for utility bills, credit cards, and loan EMIs with the FD income.

Advantages for FD Account Opening

One of many benefits of a Fixed Deposit scheme is assured returns. It provides a sense of assurance and confidence to the individual.

  • A Fixed Deposit scheme is available in flexible tenures. Except for a tax saving fixed deposit, which has a fixed tenure of five years, Fixed Deposit plans have a flexible duration between seven days to 20 years. One can invest for a duration of his comfort and reap the benefits of interest earnings on a Fixed Deposit scheme.
  • Fixed Deposit schemes are a liquid investment option. One can easily withdraw funds from a Fixed Deposit plan prematurely for a nominal penalty to meet an emergency financial crunch. One can avoid this penalty fee by taking a loan against their Fixed Deposit scheme. This way, he will not have to pay any penalty charges on premature withdrawal and can continue to earn FD interest returns.

A Fixed Deposit investment is a smart way to generate fixed returns every month as additional savings on one’s investment.

Read More:- What Are Bonds

One of many benefits of a Fixed Deposit scheme is assured returns. It provides a sense of assurance and confidence to the individual.

  • A Fixed Deposit scheme is available in flexible tenures. Except for a tax saving fixed deposit, which has a fixed tenure of five years, Fixed Deposit plans have a flexible duration between seven days to 20 years. One can invest for a duration of his comfort and reap the benefits of interest earnings on a Fixed Deposit scheme.
  • Fixed Deposit schemes are a liquid investment option. One can easily withdraw funds from a Fixed Deposit plan prematurely for a nominal penalty to meet an emergency financial crunch. One can avoid this penalty fee by taking a loan against their Fixed Deposit scheme. This way, he will not have to pay any penalty charges on premature withdrawal and can continue to earn FD interest returns.

A Fixed Deposit investment is a smart way to generate fixed returns every month as additional savings on one’s investment.

They offer several benefits, including:

  1. Higher Interest Rates: Fixed deposits offer higher interest rates compared to savings accounts, which means you can earn more money on your savings.
  2. Guaranteed Returns: Fixed deposits offer guaranteed returns, which means you can be sure of the amount of money you will earn on your investment.
  3. Flexibility: You can choose the tenure of your fixed deposit, ranging from a few months to a few years. This allows you to choose a tenure that suits your financial goals.
  4. Safety: Fixed deposits are considered a safe investment option as they are backed by the government and are insured up to a certain amount.
  5. Liquidity: While fixed deposits lock in your money for a fixed period, you can withdraw your money before the maturity date, although you may have to pay a penalty for doing so.

It is a smart way to save and grow your wealth over time.


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Lorem Ipsum has been the industrys standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.