Why go for Fixed Deposit?
Fixed Deposit, also known as FD in India, is the best way to save your money. With the best interest rate options, flexible tenor, easy withdrawals, and many more, banks and other financial companies offer this facility in the market. Fixed Deposit starts from the minimum tenor of 7-14 days and goes to the maximum tenor of 10 years. The rate of interest given to us when the facility is available doesn’t change based on the market’s fluctuation. Satisfying for the Fixed Deposit helps us make a habit of saving money. FD helps us bear the unexpected or planned expenses of our life. An organized saving plan can change our lives forever.
How Fixed Deposit Investment is Helpful for Women
In our country, women are the backbone of our families and communities. Every woman should have the freedom of financial goals in all ages and from all wakes of life. There are several options available in the market that the banks and other financial companies can avail themselves of. But the risk is also involved in such investments. That’s why women should choose fixed deposit investment plans which are risk-free. We need to look around the market options to check which banks and financial partners have good credibility in the market.
Choice of choosing the tenor also matters. Accessible withdrawal facilities should also be available to ease our lives. Fixed Deposits with a maturity date of over five years come under a tax exemption under Section 80C of the Income Tax Act, 1961.
- Best Fixed Deposit Plan for Women In India
Every woman is a blessing in herself, sacrificing her ambitions for her loved ones. She mustn’t ignore herself and her dreams. A wise woman of the modern era should also have an investment plan to bear her expenses, fulfil her ambitions, and for future safety purposes.
Here we’ll see the list of best-fixed deposit plans that we can consider investing in 2022.
- DHFL Swayamsidha Deposit for Women
DHFL is offering a unique deposit scheme only to women customers. The scheme’s name is ‘Swayamsidha’ with an interest rate of 7.80% p.a.
- Bharatiya Mahila Bank Fixed Deposit Scheme
Bharatiya Mahila Bank was established in 2013 to envision women’s empowerment. Three types of FD schemes are available here – BMB Tax Benefit, BMB Simple FD, and BMB Cumulative FD.
- Bajaj Finance Fixed Deposit for Women
Fixed Deposit for women is available with the tenor ranging from 12 months to 60 months for women.
- Fincare Small Finance Bank
Fincare is offering an attractive interest rate on the tenor of 3 years. The offer is 6.30% p.a. to the general public and 6.80% p.a. for senior citizens.
The interest rate is 6.00% p.a. for the tenor of three years and senior citizens; the interest rate is 6.25% p.a.
- Shriram City
For three years deposits, the interest rate is 8.84% p.a. and for senior citizens is 9.24% p.a.
- Mahindra Finance
Samruddhi Cumulative Deposit Scheme offers the rate of interest is 6.30% p.a., and for senior citizens, the interest rate is 0.25% higher.
- Sundaram Finance
Here, the interest rate is 6.25% p.a. for the general public with a deposit tenor of three years. Senior citizens are getting an interest rate of 6.75% p.a.
They are offering the rate of interest of 4.75% p.a. on the Deposit of three years, and for senior citizens, it is 5.25% p.a.
- Equitas Small Finance Bank
The bank offers a 6.00% p.a. for three years tenor, and senior citizens are getting 6.50% p.a.
- Senior Citizen Fixed Deposit Scheme
Here we have the list of top banks giving the best deposit plan with flexible tenor and attractive rate of interest for senior citizen women in India.
- RBL Bank
1 Year 6.6% p.a., 3 Years 6.8% p.a. & 5 Years 7% p.a.
- DCB Bank
1 Year 6.3% p.a., 3 Years 7% p.a. & 5 Years 7% p.a.
- YES Bank
1 Year 6.5% p.a., 3 Years 7% p.a. & 5 Years 7.25% p.a.
- Bandhan Bank
1 Year 6.25%, 3 Years 6% & 5 Years 5.75%
- Axis Bank
1 Year 5.75% p.a., 3 Years 5.9% p.a. & 5 Years 6.5% p.a.