Fixed Deposit

Save your money for future through Fixed Deposit from Vidhya Consultancy

In today’s time, people spend more money than they earn. Have you ever wondered why this happens? Well, we at Vidhya Consultancy want to tell you the main reason behind this issue. This is because of without planning. When you do anything without planning, then that work does not work properly. So, when you are thinking about investing your money anywhere, then do some planning first of all.
What are you thinking now? Are you thinking about the way where you can invest your money safely? If yes, then don’t take tension. We at Vidhya Consultancy help you in saving your money at an ideal place and also making more money. And do you know what is the thing by which we help you in making and saving money? Yes, it is by investing your money in Fixed Deposit.
The fixed deposit is a suitable way by which you can earn a fixed return in limited time duration. The duration is different from 7 days to 10 years. The rate of interest which you can earn on your investing money is also different. By this way, you can keep your hard-earned money safe and secure.

Different Types of Fixed Deposit:

There are different types of fixed deposit instrument such as:

Regular FD

In this type of fixed deposit scheme, you can deposit your money for a fixed time from 1 week to 10 years.

Tax-saving FD

In this type of fixed deposit, your money is locked for 5 years and you cannot withdraw before the maturity date.

Senior Citizens FD

This is also the best scheme for the senior citizens. They can easily save and make more money on their retirement funds.

Enjoy some fabulous Benefits of Fixed Deposit Scheme:

Here are some benefits of fixed deposit scheme such as:

Fixed returns

The most amazing benefit of this fixed deposit scheme is its guaranteed returns. The rate of the interest is fixed when you open your FD and the best thing that the interest rate is always fixed no matter how many ups and down in the market.

Hassle-free investment

The second best thing about FD is if you have any saving account then you can open your FD in a single click.

The magic of compounding

If you select a FD with a reinvestment option, you will benefit from compound interest.

Regular income

If you really want to get a regular income, then you choose quarterly and monthly interest payment.

Procedure for Opening a Fixed Deposit:

There are some steps to be followed if you want to open a fixed deposit. The steps are:

  • First of all, determine the amount which you want to save.
  • Decide the best option of a bank which you would like to prefer while saving the amount. Find out the best bank which gives you an amazing scheme and the benefits of saving amount.
  • There are lots of plans available in the market. So, you have to choose the best one.
  • Fill the application form which you can get both online and offline and also fill the form of FD.
  • Deposit your amount which you want to save by cheque.
  • After depositing, the amount has to be transferred into the account with the help of RTGS.
  • Submit your documents as soon as possible.
  • Utilize FD calculator which will help you in getting knowledge about the exact amount that can you withdraw after the maturation.

Documents required for Fixed Deposit:

Here are some necessary documents which you will need to submit for FD opening such as:

  • Identity Proof
  • Address
  • Signature
  • Proof Of The Nationality
  • Age

So, stop thinking and visit Vidhya Consultancy as soon as possible for achieving your dreams.