Why Are Fixed Deposits a Popular Choice Among Indians?
Fixed deposits are a favored choice among Indians due to their promise of steady and guaranteed returns. With fixed and assured outcomes, it provides a clear picture of what you’ll receive at the end of your investment period. This reliability makes it a trustworthy option, aiding in efficient investment planning. Whether you’re saving for specific financial goals or seeking security for your money, fixed deposits are a preferred and conventional investment avenue for many Indians. According to a SEBI survey, a substantial 95% of Indian households opt for bank FDs, valuing their non-market-linked nature, while less than 10% show interest in mutual funds or stocks. Investing becomes a daunting prospect without options that guarantee returns. In such a scenario, many of us would prefer to keep our surplus untouched at the end of the month. Fortunately, fixed deposits provide a reliable avenue for investment, ensuring: For those seeking guaranteed returns and having a limited understanding of risk, fixed deposits emerge as a suitable and reassuring option. Why do people choose Fixed Deposits? The combination of guaranteed returns, safety of principal, simplicity, and flexibility makes Fixed Deposits a popular and enduring choice among Indian investors. Congratulations! You have learned all about “Why Are Fixed Deposits a Popular Choice Among Indians?” Disclaimers:An investor education initiative By Findola Wealth Research Team. This article is generated and published by Findola Wealth Research Team. Investment in securities market are subject to market risks, read all the related documents carefully before investing. This article is for information purposes only and is not meant to influence your investment decisions. It should not be treated as a mutual fund recommendation or advice to make an investment decision in the above-mentioned schemes.