Fixed deposit is the preferred choice for risk-averse investors, along with those who want to strike a balance in their investment portfolio. This investment option allows customers to earn guaranteed returns at pre-specified interest rates without having to bear market-related risks that come with other investment options like mutual funds.
No need to prematurely withdraw FD – Simply open a fixed deposit with SBM Bank (India) Ltd. and get a Paisabazaar Step Up Credit Card to handle your expenses better. Also, this will help build/improve your credit score.
Fixed Deposits can be broadly categorized into two types – with premature withdrawal and without premature withdrawal facility.