Opportune time for investing in fixed deposits
-
Upload
ileanalyardson -
Category
Business
-
view
22 -
download
2
Transcript of Opportune time for investing in fixed deposits
![Page 1: Opportune time for investing in fixed deposits](https://reader036.fdocuments.us/reader036/viewer/2022071907/55caec33bb61eb05338b45e0/html5/thumbnails/1.jpg)
Opportune Time for Investing in Fixed Deposits
![Page 2: Opportune time for investing in fixed deposits](https://reader036.fdocuments.us/reader036/viewer/2022071907/55caec33bb61eb05338b45e0/html5/thumbnails/2.jpg)
So, the news is viral, Reserve Bank of India has reduced its repo rate. It is now lending money to commercial banks at a rate much lower than before. This has had an all-out effect on all interest rates, deposits and loans alike.
Why is it Opportune Time ?
![Page 3: Opportune time for investing in fixed deposits](https://reader036.fdocuments.us/reader036/viewer/2022071907/55caec33bb61eb05338b45e0/html5/thumbnails/3.jpg)
So what does that mean for someone who is looking to make an investment in a fixed deposit account? It is really simple. Now, is a really good time to make a fixed deposit account!
So, that is exactly what I got on to the internet to do.
Should I invest money now ?
![Page 4: Opportune time for investing in fixed deposits](https://reader036.fdocuments.us/reader036/viewer/2022071907/55caec33bb61eb05338b45e0/html5/thumbnails/4.jpg)
Reviewing of lending and deposit rates is underway and banks are clamouring to secure a balance between their assets and liabilities.
Since I have a reasonable lump sum of savings, the impending plummet of the interest rates of fixed deposits had me browsing different types of fixed deposit options when I stumbled upon the Andhra Bank fixed deposit scheme.
Where the money should be invested ?
![Page 5: Opportune time for investing in fixed deposits](https://reader036.fdocuments.us/reader036/viewer/2022071907/55caec33bb61eb05338b45e0/html5/thumbnails/5.jpg)
Instantly, I realised that the interest rates for fixed deposits is not going to be any better. The bank’s 3-10 years tenure scheme of fixed deposits visibly offer high rates of interest. A higher value of fixed deposit is the better investment plan with attractive rates of interest. This got me thinking, if I deposit a large chunk of my savings for a long tenure, I will get the best rate of interest that is currently possible.
Where the money should be invested ?
![Page 6: Opportune time for investing in fixed deposits](https://reader036.fdocuments.us/reader036/viewer/2022071907/55caec33bb61eb05338b45e0/html5/thumbnails/6.jpg)
• Download the Andhra Bank fixed deposit application form and completed it.
• Scroll through the list of supporting documents required to apply for an Andhra Bank fixed deposit account.
• The only requirement documents were an address proof and an identity proof.
How to apply for a fixed deposit account in Andhra Bank ?
![Page 7: Opportune time for investing in fixed deposits](https://reader036.fdocuments.us/reader036/viewer/2022071907/55caec33bb61eb05338b45e0/html5/thumbnails/7.jpg)
To compare interest rates visit
http://www.bankbazaar.com/fixed-deposit-rate.html