Fixed Deposit Rule: Investors in FD should know these 5 important things, even the bankers do not tell you..

FD benefits: Investing in FD is a better option to secure your future. Before making an FD (FD news), it is important for the customer to keep many things in mind, so that maximum benefit can be taken from FD (high return FDs). Ignoring these things can cause you to lose instead of benefit. When you go to the bank to make an FD (bank FD ke fayde), the bank people also do not share these things with the customer. Let us know one by one what are these special things.

1. Tax has to be paid on the interest earned from FD -

Very few people know that tax has to be paid on the amount of interest earned from FD (FD interest rates). If you get more than a certain amount of interest, then you will have to pay tax (Tax on FD return). Given this situation, apart from FD (FD ke nuksan), you can consider any other investment option in which you do not have to pay tax on the interest earned.

2. What will happen to the deposited amount if the bank collapses? -

The bankers often do not tell the customer what will happen to their FD if the bank collapses (bank collapse rules). Nor do the customers ask about this. If the FD is more than 5 lakhs (FD insurance amount), then you may suffer a loss if the bank collapses, because the bank returns only up to 5 lakhs, even if there is money deposited in the savings account. Even if the bank closes or defaults, the customer gets the same amount. If the FD (FD new rules) is less than 5 lakhs, then the entire amount is returned to the customer.

3. Keep this in mind regarding the duration of FD -

Long-term FDs (FD ke nuksan) are not very beneficial many times, because if the customer needs money many times and has to break the FD, then a penalty (penalty on FD) has to be paid. In short-term FDs, there are very few chances of breaking it.

4. Deduction of interest on breaking FD-

Often, while making FD in the bank (FD ke fayde), there is no mention of how much penalty will be charged on breaking it. If it is broken before the stipulated period, the bank deducts the interest given to the customer on FD (FD penalty rules). This deduction is in the form of a penalty for breaking FD (penalty for FD breaking). Usually, it ranges from half to 1 percent. However, the rules of banks can also be different regarding this.

5. Keep information about the interest of other investment options-

While investing in FD (FD investment tips), also keep in mind that there are other special investment options in the market, in which you can get more interest than FD. From time to time, the interest rates of different investments (Interest rate on FD) keep increasing and decreasing. Therefore, you should keep an eye on them. You can invest where you get more interest.

Disclaimer: This content has been sourced and edited from News 18 hindi. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.