Why fixed deposits are a smart choice for retirees

Quick Summary:

Simple to invest in and low risk, FDs are a reliable way for people to grow their savings and ensure financial stability in their retirement years.

They offer regular income, higher interest rates for senior citizens, tax benefits, and protection against inflation.

Despite the penalty, having the option to withdraw funds early adds a layer of financial security for retirees.

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Article Details

Author / Journalist: Brand Solutions

Category: StartupsEconomyBusiness

Markets: India

Topics: Years Deposits Need Fixed Offer Returns Investment Interest Financial Income Retirees

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 06:03:27 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 1010 words

Reading Time: 6 minutes read

Sentences: 66 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23650369

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About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 25 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #44

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