A fixed deposit offers guaranteed returns. The rate of interest offered to you when you open an FD remains constant throughout your tenure.
Even if the interest rates fall in the broader market, your FD won’t be affected. You, therefore, don’t have to worry about the ups and downs of the market. If you choose an FD with a reinvestment option, you will benefit from compound interest. If you wish to get a regular income, you can opt for monthly or quarterly interest pay-outs.
You can also go for Fixed Deposits with Banks.
Don’t go for Companies which offer interest much higher than market.
Ignore unrated Company Deposit Schemes. Look at only AA or AAA rated schemes.
TDS will be deducted when interest payable or reinvested per customer, per company exceeds the amount applicable as per statutory rules in a financial year.