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Fixed Deposit: FD has emerged as the best option in small savings schemes today. Due to the rising interest rates of fixed deposits (FD Benefits), salaried persons, senior citizens, and others have started investing heavily in it. Despite being an investment option with guaranteed returns, one needs to be cautious while investing in it. If you are going to invest more than 5 lakhs in FD (FD ke fayde), then it will be right if you take a decision only after considering the important things mentioned here.

Pay attention to these things -

If there is an advantage to investing in FD, then there is also a risk of some loss (fixed deposit loss). Most people are unaware of what loss can happen in FD (5 lakh ki FD ke nuksan). If the bank in which you have made an FD sinks, then you may suffer a loss. Even banks (bank FD) never mention this. Therefore, you should consider these risks beforehand.

If the bank collapses, you will get this much money back-

FD is done to secure the future. So that in case of any need, this money becomes more and comes in handy to you. If the bank goes bankrupt (FD bank collapse rules), then you get insurance cover of up to 5 lakhs only. This insurance cover is given on the amount deposited in the bank under the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act. This insurance (FD insurance rules) amount was earlier 1 lakh rupees, which was later increased to 5 lakhs.

Loss on FD of more than 5 lakhs -

If the amount deposited in FD is more than 5 lakh rupees and the bank collapses (bank bankrupt rules), then you will get back only 5 lakh rupees. This will include the principal and interest. That is, you will suffer a loss instead of profit. On an FD of Rs 10 lakh, if the bank collapses, you will get 5 lakhs (bank collapse money back rule) and the rest of the money will be lost. This will cause you a lot of loss. Therefore, it will be better to always make FD up to Rs. 5 lakhs. You can also decide to invest by consulting investment experts.

These are the benefits of FD-

- FD is considered to be a safe, risk-free, and guaranteed return investment. No matter how long you invest in it, its interest rates are fixed, so you already know how much return you will get.

- The duration of FD can be decided according to your needs. Most banks have the option of FD tenure ranging from 7 days to 10 years. Customers are also given the benefit of compounding interest on FD. In this, not only interest is received on the amount invested (FD par byaj), but investors can also avail the benefit of interest on interest.

- If you need money in the middle of the FD period, there is no need to break the FD (FD break rules), a loan can be taken on it. You can get up to 95 percent of the total amount of FD as a loan (loan on FD). Usually the interest on the loan against FD is one percent more than the FD (FD news).

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