Apart from the Banks, many NBFC & Corporate companies offers Fixed Deposits where are much better than Bank FDs & Offer a higher rate on interest (%). FinClick has tie ups with several banks & NBFCs that allow you to deposit a fixed sum of money and earn a higher rate of interest than a savings account. The deposit periods can be from 7 days to 10 years.
✓ The sum can only be placed once. Any extra deposits must be made in different accounts.
✓ The interest rate of a Fixed Deposit is higher than that of a savings account.
✓ The duration might range from 7 days to 10 years.
✓ Fixed deposits can be renewed with no or little trouble.
✓ Withdrawals are not permitted before the maturity term. In the event of an emergency withdrawal, the consumer must pay the penalty.