FD Personal Finance Investment: Reserve Bank of India has increased the repo rate by 0.90 percent twice in the last months. After which banks have increased the interest rates on fixed deposits. As a result, interest rates have increased. Now the biggest question in front of investors is whether this is the right time to invest in FD. You can understand in this news.
- Advertisement -
Invest it?
You can invest in Small Savings Schemes, FDs, Target Maturity Funds, Fixed Maturity Plans, Debt Funds.
This is the interest rate on investment
Scheme Interest Rate
FD 5.5%
Debt Fund 5.25%-5.45%
PPF 7.1%
SSY 7.6%
KVP 6.9%
SCSS 7.4%
small savings scheme
- better interest rate than bank deposit
- Benefits under section 80C
- Tax exemption on investment up to ₹1.5 lakh
- Long lock-in period, low liquidity
- SSY for girls up to 10 years
- SSY- Sukanya Samriddhi Yojana
- SCSS – For citizens above 60 years
- SCSS-Senior Citizen Saving Scheme
- EEE benefit in PPF, SSY
- Advertisement -
