FD Top 5 Features: Why is Fixed Deposit the favorite option of investors for years? Know 5 big benefits

Today there are many investment options, but still people's trust in Fixed Deposit (FD) is still intact. According to RBI, people's interest in term deposits is increasing rapidly. Data shows that the share of term deposits in the total deposits of the bank increased to 61.4 percent in September this year, which was 59.8 percent a year ago. Know those 5 features of FD that make it popular.

Market fluctuations have no effect on depositing money in FD, there is no risk of your money sinking in it. In such a situation, it is a better means of investment for those who do not want to take risk.

You will get the maturity amount with the same interest rate as you started the FD. With this you can easily estimate your returns. Apart from this, senior citizens are given .5% to 1% more interest on FD than the general public. In such a situation, senior citizens invest in it enthusiastically.

You can choose the duration of FD as per your requirement. FD can be from 7 days to 10 years. You can start investing in it from Rs 1000, usually there is no limit on maximum investment.

FD usually has a lock-in period, but if any emergency condition suddenly arises, you can also make premature withdrawal. However, some charge has to be paid for premature withdrawal. It is different in different banks. It can be up to one percent.

On the basis of FD, you can easily take a loan from the bank. If you need money in an emergency, then you can also fulfill this need through loan. Usually, up to 90 percent of the amount of FD is easily available in the form of loan. Usually, the interest rate on a loan is 1% higher than the interest rate you get on your FD.