Traditionally investors parked their savings in fixed deposits or postal schemes. Fixed Deposits have advantages over most investment opportunities i.e.: low risk and no surprises. That's because everything is fixed in advance, the amount you invest, the length of time it's invested and the rate of interest that's applied. Nothing's left to chance.
Various types of Companies offering Fixed Deposits
- Banks
- Financial Institutions
- Non-Banking Finance Companies (NBFCs).
- Manufacturing Companies
- Housing Finance Companies