How do Investments in Fixed Deposit Help for Retirement

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How do Investments in Fixed Deposit Help for
Retirement?
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Features and Benefits of a Senior Citizen FD

• Senior citizens can choose different interest
  payout options where they can either accumulate
  and earn more interest or be deposited in their
  account regularly.
• A regular interest payout can prove beneficial
  for those who are retired or do not have a steady
  source of income. The FD will act as a
  supplementary income.
• A senior citizen's fixed deposit can also be a
  tax saver under section 80C of the Income Tax
  Act.
• A fact about a fixed deposit for senior citizens
  is that you can get special interest rates and
  earn more money than a regular savings account.
• Your deposit will be secure, and the interest
  rate will not change even with fluctuations in
  the market.
• You can also avail of a loan against your fixed
  deposit if needed

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why should you invest in a Fixed deposit?

• They are secure and guarantee returns.
• You can apply for loans against your deposit.
• They can cover your daily and long-term expenses.
• You can easily monitor your deposits

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• Rated "ICRAAA (Stable)" by ICRA
• Rated "IND AA/Stable" by India Ratings and
  Research (Indicates a high degree of safety)
• Earn up to 8.75 p.a (including 0.50 p.a for
  Senior Citizens

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With newfound knowledge about senior citizen
fixed deposit schemes, it has become imperative
that you start planning your retirement. And, who
knows, maybe this was the push you were waiting
for to make your money and wealth worthy for your
retirement.
The Bottom Line
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THANK You

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