#Investments

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10 Reasons Why Fixed Deposits score high on personal finance

  • 14 Jun, 2024
  • 2 Mins Read
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Planning your finance is not an easy task, or maybe it is an easy task. In this article, we bring you more details about a saving instrument that is easy to add to your financial plan. We are talking about Suryoday Fixed Deposits. Check out the top ten reasons that make it an ideal and versatile investment option for savers of any age group!
  1. Attractive and guaranteed returns: Fixed Deposit gives you guaranteed returns pre-decided at the point of investment. So, there’s no volatility in returns, and that’s a big assurance. Moreover, with Suryoday Small Finance Bank, you can earn attractive interest rates on FD.
  1. Tax Saving: Investing in 5 years Fixed Deposit helps you save taxes which plays a vital role in financial planning
  1. Exclusive interest rate for senior citizens: Suryoday offers an exclusive interest rate for senior citizens which is higher than what is offered to regular customers.
  1. Flexibility: With a Fixed Deposit, you enjoy flexibility in choosing tenure and the amount you want to invest. With Suryoday Small Finance Bank, you can book a Fixed Deposit with a minimum sum of Rs 1,000 onwards and, after that, in multiples of Rs. 1.
  1. Liquidity: Fixed Deposit lets you easily access your money if you wish to close it prematurely. We recommend you use this feature wisely. Completing the entire tenure has the potential to build you an attractive corpus.
  1. Invest for a particular goal: Fixed Deposit gives you the freedom to plan any financial goal with it. For example, you can prepare a downpayment for your new home, savings for your child’s education, or any other future goal. Fixed Deposit is ideal for the long term, and we highly recommend you the same.
  1. Security: Deposit Insurance and Credit Guarantee Corporation insures all bank deposits of up to Rs 5 Lac per depositor. Thus, letting you grow your money with peace of mind.
  1. Ease of online booking: You can easily book Fixed Deposits online with Suryoday through mobile banking and net banking.
  1. Financial discipline: Setting aside money in Fixed Deposit and earmarking it for a particular goal helps you reach your target
  1. Flexible interest pay-out: You have the flexibility to enjoy returns as per choice. Typically, Fixed Deposit has monthly, quarterly, and yearly interest pay-out. You can also reinvest the amount at the end of the tenure and extend your Fixed Deposit.

So, now you have ten reasons to save and smile more with Suryoday Fixed Deposit.

*T&C Apply. Interest rates are subject to change. To know about current interest rates visit: https://www.suryodaybank.com/rate-of-interest/#fixed-deposits

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