One of the primary reasons to opt for fixed deposits is the assurance of guaranteed returns. (Pic Credit: Freepik)
Fixed deposits help preserve capital by safeguarding the principal amount invested. (Pic Credit: Freepik)
Compared to higher-risk investments like stocks or mutual funds, fixed deposits carry minimal risk. (Pic Credit: Freepik)
Fixed deposits offer flexibility in choosing the tenure of the investment. (Pic Credit: Freepik)
For individuals seeking a steady income stream, fixed deposits provide regular interest payments at predetermined intervals. (Pic Credit: Freepik)
Investors can claim deductions on the principal amount invested, reducing their taxable income and potentially lowering their overall tax liability. (Pic Credit: Freepik)
Investing in fixed deposits is hassle-free and straightforward. (Pic Credit: Freepik)