2 things Banks and NBFCs don’t want you to know about Fixed Deposits

What is the Fuss?

Business, is about selling well the product or service you offer. All businesses do it. This has to be backed by quality product or service offered, else customers will churn. Banks and NBFCs (Non Banking Financial Company) are no different. Banks and NBFCs exist on people’s trust. This trust is often passed on from generations, from parents to children. And this trust makes it hard for retail investors like us to read between the lines.

In this post, I make the returns from Fixed Deposits (FD)offered by Banks and NBFCs more transparent. These are things that these financial companies never tell you, at least not upfront. Not in their marketing notifications, or ad banners. Banks just ask you to deposit money in their FD, calling it safe, and offering high interest income. Yes, it is safe, but the returns is where it gets less transparent.

In this post I will compare some Banks and NBFCs, and also tell you the one which gives the highest ‘real’ FD returns.

I am sure after reading this post, you will start looking deeper at the FD offerings from banks and other financial institutions. And, you will be able to make the right investment decision in an FD so as to maximise your returns. Lets get into it, and know how to make…