FD investment: If you are going to invest in an FD to secure your future and get more returns, then keep these 5 things in mind. Ignoring them can cause you financial loss, while knowing about them on time can also benefit you more from FD (FD benefits).

If you go to the bank to get an FD (bank FD rules), then no bank employee will draw your attention to these things, because somewhere it is beneficial for the bank (bank news) and harmful for the customer. Let's know everything one by one in the news-

1. Tax is levied on interest

If you get more than a certain amount of interest on an FD, then tax has to be paid on it. In such a situation, apart from FD (FD ke nuksan), you can consider any other investment option in which there is no tax (Tax on FD return) on the interest or return received on investing.

2. Only this much money is safe -

Nowadays, most people make FDs of less than 5 lakhs (FD news). One reason for this is that if the bank collapses or the bank itself is declared a defaulter, then investors will get back only 5 lakh rupees from the amount invested in an FD (fixed deposit rules). Only this much amount is considered safe with a guarantee from DICGC. If there is an FD of more than 5 lakhs, then the customer does not get the rest of the money if the bank collapses (bank collapse rules).

Also, keep this in mind -

In case of a bank collapse, there is a guarantee of safety of 5 lakh rupees, including the amount deposited in the savings account (savings account news), FD, RD, etc., in that bank. That is, if there are 3 lakh rupees in the savings account of the bank and an FD of 4 lakhs (FD ke niyam), then only 5 lakhs will be returned to you by DICGC if the bank collapses.

3. Choose the duration of FD keeping this in mind-

Before investing in an FD, definitely consider its duration. If you have to break it in between, then you will not get the return according to the fixed interest (FD interest rates). There can be a deduction of up to 1 percent in it. The rules of banks for making this deduction (FD breaking rules) can also be different.

4. This is how interest is lost-

Many times, customers invest in FDs with a longer duration. Later, many times the bank increases the interest rates on FD (FD par byaj), then you will not get the benefit of that interest, because the interest on your FD has already been fixed (high-return FDs). In such a situation, if you want to take a chance of benefiting from the increase in interest rates, then get a short-duration FD.

5. Also, keep information about other investment options-

Nowadays, there are many investments (FD investment tips) in the market, in which the interest or return is also excellent. In many options, you get about one and a half times the benefit of FD. In such a situation, you should also keep an eye on other investment options and the interest rate and returns given in them. Mutual funds are also one of them, in which an investor can get a 12 to 20 percent annual return.

Disclaimer: This content has been sourced and edited from Hr Breaking. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.