Financial experts say that investors should invest according to different time frames. It also gives excellent returns and there is no shortage of money.
Many investors invest without thinking. They have to bear the consequences of this later. When money is needed, the need to break the FD arises. To avoid this, if investment is made wisely, not only can one get excellent returns but there will be no problem when the money is needed. Financial experts say that investors should invest according to different time frames. Due to this, they get excellent returns and there is no shortage of money.
- Bank FD: You can invest in Bank FD for 7 days to 1 year. By the way, you can also do FD for 5 or 10 years. If you want risk-free returns, then you can get interest ranging from 3.40% to 5.75% on 1 year FD.
- Company FD: Many companies raise money from the market for their business. It issues company FDs for this. Company FD gives more returns than bank. However, before investing, check their ratings given by credit bureaus like CRISIL, CARE and ICRA. ICICI Home Finance is offering 7% on 1 year FD and Manipal Housing Finance Syndicate is offering 8.25% interest.
- Post Office Time Deposit: You can invest in Post Office Time Deposit for 1, 2, 3 and 5 years. For the quarter ending September 30, 2023, the 1-year Post Office Time Deposit Scheme is earning an interest rate of 6.9%. Interest is paid annually but calculated quarterly.
- Recurring Deposit (RD): You can invest in RD for 6, 9 or 12 months. The minimum tenure for deposit in RD is six months, while the maximum tenure for deposit is 10 years. Interest is available on RD at the rate of 6.75% to 7.25%.
- Debt Mutual Funds: You can also invest in debt mutual funds for short term. You can invest in this for a maximum period of 12 months. On an average you will get 6% to 7% returns. At the same time, you can also choose liquid funds. You can invest in liquid funds for a maximum period of 91 days.
