Fixed Deposit is not called the best without any reason, 5 benefits that make it more powerful, you will also say - invest money.

Fixed Deposit of banks is a reliable option for investment. An investment facility in FD is available for a period of 7 days to 10 years. Along with trust in deposits in banks, you get a fixed interest on it at a fixed time. Whatever be the market conditions at that time, you will get fixed interest on the deposit. This is not the only specialty of FD, but there are many such benefits, which we should know. Let us know 5 such benefits, which make this investment strong...

There are many options for investment in FD. In this, you can get FD according to your amount and time. Usually FD can be done for a period of 7 days to 10 years. SBI does FD of minimum Rs 1000. On the other hand, there is no limit on the maximum amount of FD in SBI.

Another feature of FD is that you can take a loan against it. If you suddenly need money, you can take a loan against it without breaking the FD. Usually, up to 90 percent of the amount of FD is easily available as a loan. Generally, the interest on the loan against FD is one percent more than this.

After making FD, you have the opportunity to withdraw money even before maturity. However, some charge has to be paid for pre-mature withdrawal. It is different in different banks. Generally, it can be up to one percent. Due to this feature of FD, it is also called liquid investment. If any emergency arises suddenly, you can immediately withdraw money from FD.

Fixed Deposit is considered to be the most risk free investment option in the country. Banks are monitored by RBI. FD is a safe option as compared to other deposit options.

FD is not affected by changes in interest rates. Once you invest in an FD, you will get a guaranteed interest rate. During this period, even if the interest rate goes down, you will still get the fixed interest. If the bank increases its interest rate during this period, the investor does not get the benefit. On the other hand, even if it decreases, the investor will suffer a loss.