For Quick Alerts
For Daily Alerts

How to make more money from fixed deposits?

How to make more money from fixed deposits?
If you are one that is risk averse and decides to park money in fixed deposits, here are ways you can maximize your returns from these instruments.

Opt for some money in company fixed deposits

If you are purely investing in bank fixed deposits, then you need to change the mix to include a significant portion of company fixed deposits.

This is simply because they offer you superior returns. However, you should not be putting money in any and every company fixed deposit, but one's that are relatively secure. For example, public sector banks offer you a maximum of 9.25 per cent on a 2-5 year fixed deposit, while at the same time a Kerala government owned company FD, Kerala Road Transport Finance is offering you an interest rate of 10.25 per cent. Similarly, Mahindra Finance fixed deposit at 10 per cent is higher than a bank FD and relatively safe. Click for

Invest in long term tenures

In the present interest rate regime, it's best to opt for long term tenures. This is because interest rates in the economy are likely to fall and you would have locked in money at higher rates.

Read more about: fixed deposits
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more