Fixed Deposits: Indian Bank and Central Bank of India have revised interest rates on FDs.
Debt mutual fund provides emergency money on hand in case of unforeseen circumstances.
But an individual should consider some important factors before investing in corporate FDs. One of the main factors is safety of deposit.
If you have accrued a credit card bill that's keeping you awake at night because of the interest, use your tax refund to pay it off.
Corporate FDs offer 0.75 to 2% higher returns than regular fixed deposits.
If interest rate is hovering within range of 100 basis points or more it is always better to go for floating rate FDs than normal one, said an expert.
It is essential to maintain the right balance between savings and investments allocation to build your wealth
Fixed deposits: Many people continue to park their money in FDs mainly because of the predictability factor.
The interest rates on tax-saving fixed deposits vary from bank to bank.
Fixed deposits: Some private lenders are offering better FD rates across all tenures and also for less-than-36 months.