Deposits – Get Best Returns on your deposits
Finfortune is one of India’s leading financial liaison services companies that provides a platform to Indian customers to buy a plethora of financial products. At Finfortune, we enhance the probability of customers accessing the best financial products by providing the most appropriate quotes with the help of our powerful machine learning algorithms.
Start saving your money with an account that exceeds all your requirements. Choose the best savings option to see your money grow and give you rich returns.
It is considered the safest savings option in the banking sector. You can store your money in a Savings account and earn interest on it. It is the most accessible savings option and gives you the flexibility to withdraw/ deposit funds whenever you have the need to do so. In most cases, you are required to maintain a minimum balance to keep your account active. However, certain banks also provide zero balance accounts. A Savings account can be easily opened by any person regardless of age.
You can deposit funds either by cash or cheques into the savings account. With online banking now the norm for financial transactions, you can transfer funds using features like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service (IMPS) or Unified Payments Interface (UPI) easily in a few clicks.
Finfortune provides its customers with an unbiased comparison of savings account features from different banks. Every bank offers savings accounts with different features and benefits and you can choose the best fit.
Commonly called the FD, a Fixed Deposit is an investment instrument provided by banks and NBFCs. Customers can park their money in a fixed deposit account over a fixed period at a predefined interest rate. Fixed deposits gives you more safety and stability of returns than any other investment.
The interest earned is comparatively better than the returns from the savings account. Unlike other investment options, savings in Fixed deposits don’t carry any market risks. The money can be withdrawn after the tenure is completed and the FD matures. The depositor has the option to withdraw the money before completion by paying a penalty. There is an option to apply for loans and credit cards against the FD deposit amount.
The money you deposit in FDs is secured by an insurance cover of up to Rs.5 lakh by the Deposit Insurance and Credit Guarantee Corporation.