CHILD’S EDUCATION: FDs can be a smart way to save for your child’s education.Having a fixed deposit with returns that do not depend on market volatility ensures safety during challenging times. EMERGENCY FUND: FDs can also be used to create an emergency fund, which can be used to cover unexpected expenses such as medical bills or job loss.You can periodically invest your surplus funds and savings in FDs to build a corpus for your retirement years RETIREMENT PLANNING: FDs can also be used for saving towards your retirement.
Fixed Deposits help you securely park your surplus funds.įixed deposits can be used to achieve various financial goals, including:
