Fixed deposit is a cumulative wealth management solution for future security. It is a type of investment that caters to investing a lump sum amount of money for a stipulated period of time at a specific rate of interest. We at Pradip Kothari Financial Services with a rich legacy of experience in the investment industry are well-versed with the returns each deposit provide you and hence we ensure to guide you the way we have excelled in our financial portfolio.
There are many different types of Type of Fixed Deposits with their distinctive set of benefits. Here are the common types available in India:
This deposit caters to depositing your amount for a specific tenure at a pre-determined rate of interest. The tenure can be anywhere between 1 week to 10 years.
With this type of FD, the investor gets a tax exemption on the principal amount. The investment is this case is locked for a period of five years and after that can be withdrawn to meet financial emergency before the maturity date.
This is the best FD scheme for senior citizens at an additional rate of interest on the invested amount.