Business Wire India
- Invest in Corporate FDs: Corporate FDs is a term given to deposits made with a non-banking financial corporation. Investing in company FDs yield significantly higher rates of return as compared to Bank FDs. But you should make sure that the company FD you are investing in is accredited as stable by rating agencies such as ICRA and CRISIL
- Choose Cumulative FDs: Unless you need regular monthly payout, you must opt for cumulative option, wherein interest earned on your fixed deposit is reinvested and this way your investment multiplies
- Diversify FDs over varying tenor: You should diversify your fixed deposit portfolio over varying durations in such a way that after every few days there is an FD maturing. This would ensure regular income over fixed intervals.
Source: Businesswire