सावधि जमा में निवेश करते समय 5 सामान्य गलतियों से बचना चाहिए

Introduction

When investing, a fixed deposit fixed deposit investment features essentially in almost everyone's investment portfolio. This low-risk, stable saving lets you enjoy steady capital gains at the end of maturity. However, even fixed deposit investment demands careful planning. We will enumerate 5 common mistakes that people tend to make while opting for fixed deposit accounts.

Typical Investment Mistakes Fixed Deposit Investors Must Avoid:

Investing in a fixed deposit is a great idea, but certain factors must be kept in mind before rushing into a hasty investment.So, think, observe and read this blog thoroughly for fixed deposit investment tips and to know what to avoid when investing in fixed deposits.

1. Investing without a target

Fixed deposits are safe but optimize your saving with an investment plan. Your savings, other investments and fixed deposit if aligned can diversify and strengthen your financial goals. Read about different fixed deposit schemes and research online for the bank with the highest fixed deposit interest rate. Prioritize your investment goals based on factors like liquidity, stability, long-term or short-term lock-in and flexible tenure while keeping funds for emergencies. Your individual needs are best known to you, therefore planning accordingly will maximize gains on your fixed deposit investment.

2. Investment not backed by research

Your money counts, and with almost every bank sharing detail on fixed deposit schemes, thorough research will help you zero in on the bank with the highest fixed deposit interest rate. Go by the books and take the best-informed investment decision you can.

3. Not using a diverse planner

For a fixed deposit investment to succeed, the golden rule is not to play by one. Making multiple fixed deposits in the bank with the highest fixed deposit interest rate will culminate in robust returns. Evaluate both short-term and long-term fixed deposits when you are setting investment goals.

4. Not closely watching the investment progress

After investing in fixed deposits, keep a close watch on the growth trajectory of the fixed deposit amount every day. Only eyeing the maturity date is not enough.

5. Thinking FDs are immune to inflation

Even Fixed deposit investments are affected by inflation. Hence, tap the opportunity when high interest rates are offered on fixed deposits for investments.

To Calculate Fixed Deposit Interest Amount you can use - FD Calculator

Conclusion - About BOB FD

At present, Bank of Baroda is offering best interest rates on FDs across industry. For more details Visit BOB website for more product details.

Bank of Baroda has a range of fixed deposit schemes like:

• Baroda Tiranga deposit scheme callable and non-callable Retail deposits under Rs 2 crore for 444 days to 555 days with high-interest rates of 6.10 per cent p.a. and 6.35 per cent p.a.; for senior citizens 6.60 per cent p.a. and 6.85 per cent p.a.
• Baroda Tiranga Plus deposit scheme callable and non-callable retail deposits under Rs 2 crores for 399 days with high-interest rates of 6.75 per cent p.a. and 7.00 per cent p.a.; for senior citizens 7.25 per cent p.a. and 7.5 per cent p.a.