What is the safest way of investing money in India?

What is the safest way of investing money in India?

When it comes to keeping the hard earned money safe and growing, the first choice of most people is Fixed Deposits.

There are many good reasons why FDs are still among the top money saving instruments in India as they give assurity of returns, security of capital and a safe growth against inflation.

While there are other debt instruments for safe investments, corporate fixed deposits still beat those by a large margin when it comes to returns and safety.

How much returns can you get from corporate fixed deposits?

Fixed deposits offer assured returns between 6% to 7.5% per annum based on factors such as duration of fixed deposits, age of depositor etc.

Are corporate fixed deposits safe?

To find how safe a fixed deposit is you should look at the safety rating of the corporate. All ratings are freely available on the internet, the FDs which are rated AAA are the safest ones. Bajaj Finance Fixed Deposits, HDFC Limited Fixed Deposits schemes are few which have been considered safest in this category.

What is the minimum amount to invest in fixed deposits?

Every company offers a different minimum amount. You can start with corporate fixed deposits in Bajaj with Rs 25000/- and HDFC limited with Rs. 20000/-

How to invest in corporate fixed deposits?

Investing in fixed deposits is simple, straightforward and completely digital. You can choose the FD of your choice (by looking at available ratings, returns etc.) on INDmoney app and invest without any commission in just a couple of clicks.

Thus if you are looking to grow your hard-earned money and protect it against inflation, fixed deposits could make a good fit in your portfolio.