Fixed Deposits

Fixed Deposits

Siddhi Wealth offers Fixed Deposit (FD) solutions for individuals seeking safe, low-risk, and stable returns on their savings. Fixed Deposits remain one of the most popular investment options, providing peace of mind through guaranteed returns. They are ideal for conservative investors looking for capital preservation and predictable income.

Key Features of Fixed Deposits:

1. Capital Protection: FDs are considered one of the safest investment options as they provide guaranteed returns, backed by the stability of the bank or financial institution. Your principal amount remains intact, regardless of market conditions, ensuring no loss of capital.
2. Guaranteed Returns: Fixed deposits offer a fixed interest rate over the investment term, ensuring predictable returns. Interest can be compounded or paid out periodically (monthly, quarterly, or annually), offering flexibility in income distribution.
3. Flexible Investment Tenure: You can choose the tenure that best suits your financial goals, ranging from a few months to several years. The longer the tenure, the higher the interest rate, making it a good option for medium to long-term savings.
4. Liquidity: Fixed deposits can be easily liquidated in case of emergency needs, though premature withdrawal may involve a penalty or reduced interest rate. Some banks and financial institutions also offer overdraft or loan facilities against fixed deposits for added flexibility.
5. Tax Efficiency: Tax-saving FDs (with a 5-year lock-in period) provide tax deductions under Section 80C of the Income Tax Act. The interest earned on FDs, however, is taxable, and tax is deducted at source (TDS) if the interest exceeds a certain limit.
6. Wide Range of Institutions: Siddhi Wealth partners with various banks, NBFCs, and financial institutions, providing access to a variety of FD schemes with competitive interest rates.