In India, Fixed Deposits have always remained among the most secure and trusted options of investment. To make this scheme more attractive than others, India Bank has launched a special FD scheme with an unusual maturity of 555 days. The scheme offers a high rate of interest and guaranteed returns, thus making it an attractive alternative for both common citizens and senior citizens.
Special 555 Days FD Scheme
The newly launched FD comes with a fixed duration of 555 days, just one-and-a-half years. Such a tenure is considered perfect for short- to medium-term investors who want to enhance the value of their money quickly. The schemes offer interest rates better than standard deposits.
Potential Returns for Investors
An investment of ₹1,00,000 for 555 days in this FD has the potential to create much more in value upon liquidation than that allotted for normal FDs. The exact amount will continue to vary based on the defined interest rates at the time of booking, but the assured growth definitely makes it a rewarding opportunity for every investor.
Benefits of This FD Scheme
The 555-day FD scheme is loaded with benefits like assured returns, safety of principal, and earning better returns compared to traditional savings. Investors can opt for either a cumulative or non-cumulative basis depending on whether they want a lump sum at maturity or cash payouts during the tenure.
Why You Should Consider It
The FD scheme suits conservative investors, salaried individuals, and especially, seniors who seek a steady income. That, coupled with safety guaranteed by the Government and India Bank’s reputation, provides a mind of comfort, along with handsome fund growth.
Conclusion
The special 555 days FD scheme of India Bank is the perfect suggestion for those who want higher interest rates and full safety. Just offering bumper interest returns on a medium-term investment, it finds the right mix of safety and returns. This scheme is a must for those who wish to grow their money without risk.