Fixed Deposits (FDs) are among the most sought-after investment options despite the abundance of high-yielding investment products. FDs have long been India's most popular investment option since they provide capital stability and are pretty simple to invest in. When you want to invest your hard-earned money to achieve a higher rate of return, you must consider the following variables.
When Sahil got his first job 10 years ago, the first financial advice that he got from his father was to open a high-yield savings account and save 30% of his salary. Being a spendthrift, he was not very keen on opening a savings account, but had to do it as his father kept pestering him. 10 years later, when he needed funds urgently to make a downpayment, the money he saved came to his rescue. Similar to Sahil, a lot of you may not prefer opening a savings account but, there are very few instruments that allow you to stay liquid and still provide a substantial interest return.
