A fixed deposit is a very good investment choice. If you are looking for some sure-fire returns and the safety of your invested amount, a fixed deposit can be an excellent choice for you. From finding a safe parking spot for your savings to investing for your future, a fixed deposit can aid you in many ways. However, for it to be a huge success, your fixed deposit should be good. There are different schemes available within the fixed deposits, and you need to identify the ideal one for yourself. In this article, we tell you about some of the best-fixed deposit schemes in India. Take a look and decide where you want to invest your money.
3 Best fixed deposit schemes in India
Dream Retirement Plan from ICICI Bank -
The Dream Retirement Plan from ICICI bank is an excellent fixed deposit scheme. If you wish to build a retirement corpus, check this scheme out. It is a term deposit plan that offers a return of 8.5%. The minimum amount needed to open this fixed deposit scheme is Rs 2000. The duration of this FD is ten years.
Dream Education Plan Fixed Deposit Scheme from ICICI Bank -
Another excellent fixed deposit scheme from ICICI Bank is the Dream Education Plan Fixed Deposit Scheme. The duration of this FD ranges between one year and ten years. The rate of interest available is 8.5%. The minimum deposit amount is Rs 500. It is a very good option to secure a child’s future.
Vaibhav Scheme from Vijaya Bank -
This is a very good short-term fixed deposit scheme. You can invest up to Rs 1 lac in this scheme and earn a high dividend at a rate of 9.1%. The FD can be opened for a maximum tenure of one year.
Top #3 Reasons why you need to choose the perfect scheme
To meet financial goals -
Everyone has different financial goals and requirements. This is why you need first to assess your own needs and see what your economic targets are. Find a suitable fixed deposit and start your investments after that.
To save tax -
There are some very useful tax savings fixed deposit schemes. If saving tax is your motive, you need to find an appropriate fixed deposit. Fixing your money in any FD won’t fetch you the tax benefits you require.
To utilize your money properly -
You need to find the perfect fixed deposit with the perfect tenure so that you can utilize your own money properly. Fixed deposits have a premature withdrawal clause, so you cannot liquidate your funds once they are locked in, without being penalized.
You, therefore, need to find a fixed deposit scheme of the perfect duration that can help you in your financial roadmap.
In conclusion
As you can see from the points mentioned above, a fixed deposit can help you immensely, but you need to find the most appropriate scheme for yourself. Do consider investing in one of the best-fixed deposit schemes and achieve your financial targets with ease.