Out of the total number of investors in India, a major segment prefers fixed deposit (FD) as their top choice. So, if you are planning to or have already invested in FD, there are few questions you need to ask yourself.


1. Have you invested in the right place?

2. Are you getting the best possible interest gains on your FD?


If the answer is yes you made the right choice, but if it isn’t so, you need to reconsider your decision. Here are few things you can do to earn best-fixed deposit interest rate:
    NBFC over Banks
NBFCs offer higher interest rate on FD, up to 8% as compared to banks, thus, you don’t have to settle for less anymore. You can open an FD account with any NBFC to avail better interest gains on your FD. So, what’s it going to be: Bank or NBFC?


    Invest in Tax Saver FDs
Tax saver FDs allows you to gain profit without any tax deductions, but you have to make sure you don’t invest more than the limit. The assured sum upon maturity is tax-free.
    Invest in Safer and Credible Institutions

While investing you should always look for stability rating of the financial institution. Presently, ICRA’s MAAA and CRISIL’s FAAA are stable ratings that signify your money is safe.