Boost Your Returns: 3 Expert Strategies for Fixed Deposits by Ujjawal Pahwa
Maximize FD returns: Choose Small Finance Banks, use FD laddering, and extend by a day for higher interest.
Boost Your Returns: 3 Expert Strategies for Fixed Deposits by Ujjawal Pahwa
Photo Credit: Ujjawal Pahwa Instagram
- Higher Returns with Small Finance Banks
- Boost Liquidity with FD Laddering
- Maximize Interest with a One-Day Extension
Fixed Deposits (FDs) are a reliable investment choice for many Indian families. To maximize your FD returns, consider these three effective strategies from Ujjawal Pahwa:
1. Opt for Small Finance Banks
- Small Finance Banks often offer higher FD interest rates compared to larger banks, sometimes up to 2.5% more. Choosing these banks can significantly boost your returns.
2. Use the FD Laddering Method
Divide your lump sum into multiple FDs with staggered maturity dates. This approach:
- Enhances Liquidity: Access funds at different times.
- Increases Returns: Benefit from varying rates over time.
- Reduces Risk: Spread investments to minimize interest rate risk.
3. Extend Your FD by One Day
- A deposit of just over a year often earns higher interest rates. For instance, an FD for 1 year and 1 day might yield 6.6% annually, compared to 6% for a 1-year FD.
By applying these strategies, you can optimize your Fixed Deposit investments and achieve proper financial growth.
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Further reading: Ujjawal Pahwa, Ujjawal Pahwa finance influencer, Ujjawal Pahwa Instagram, Ujjawal Pahwa videos, Fixed Deposit strategies, Boost Your Returns, better financial growth, interest rate risk, Small Finance Bank, Small Finance Banks FD rates, FD Laddering, FD Laddering Method, maximize FD returns, higher FD interest rates, whosthat360, trending story, news and media
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