Over the years, the fixed deposit has emerged as fitting for salaried employees for the right reasons. More and more people are investing their gratuity bonus in fixed deposit to secure their retirement. So, if you are planning to do the same, you must follow the below-mentioned tips to make the best out of your investment.

1. Go for non-cumulative fixed deposit schemes

As you are investing your gratuity amount, it is very obvious that your purpose of the investment is securing your retirement. Hence, it would be advisable to invest in a non-cumulative fixed deposit scheme to maintain a regular cash flow available to meet your post-retirement monthly expenses.

2. Plan your investment as per your monthly requirement

As you will be depending largely on your investments to cover your post-retirement expenses, it would be sensible to create a monthly budget. This will allow you to regulate your income from your investment effectively as per your needs. You can use the FD calculator and adjust the figures as many times you want unless you get the right combination. The aim is to plan your principal investment as per your monthly financial requirement.

3. Choose the payout frequency wisely

Non-cumulative fixed deposit schemes allow the investor to decide the frequency of interest payout. Now, your job is to decide the frequency very wisely in order to make the most out of your investment.

Bottom line: Before investing, shop around a bit and find the best schemes available in the market. As per the current market trends, you can avail an interest gain of up to 7.8% per annum. Hence, be wise and take the right decision.

Also Read :- Invest your Gratuity Amount in FD to Get Monthly Dividends