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Earn more with your FD

How to earn more with your FD

Days are gone when only a few options were available for making an investment. Today, there are a number of options available in a variety of sectors such as stocks and shares, monthly income schemes, National Pension Schemes, SIP, mutual funds, real estate and what not! Despite being a lot of options available, there are people in minds of whom fixed deposits will come first if they are asked about the safest and almost zero-risk option to invest.

Why? Because fixed deposits have shown a lot of benefits to the investors! An FD is one of the most-preferred investment options and the all-time favourite among people. But in this blog, we present you two smart ways with which your FDs will earn you more in addition to the great fixed deposit interest rates.

1) Research always pays off!

How much interest would an FD earn you? That depends on a lot of factors- nature of the FD, its tenure, the rate of interest and the amount to be deposited. So once you decide to invest in an FD, you need to do a good research in order to find out the best scheme of a fixed deposit. Find out which credit co-operative society offers you higher fixed deposit interest rate for shorter tenure. We, at Adarsh credit, offer a high fixed deposit interest rate of up to 10% depending upon the tenure. So, you may consider an FD by Adarsh Credit.

2) Consider reinvesting your FD

On maturity of any fixed deposit, there remain two options on your hands. The first option is to withdraw the maturity amount and block it in one of your major expenses. Secondly, you may reinvest the maturity amount further in another FD or anywhere you wish to. Unless there is a requirement, you may always go for the second option. You wouldn’t realise and the deposited amount will be multiplied by many times in just a few years. This is the wisest option to double or triple your savings. If there isn’t any urgent need or expense, reinvesting the maturity amount is always a very good option.

So keep these two points in mind and start making the most out of your fixed deposits. Cheers!

PS: We have also introduced short-term FDs under which you can invest your money for a short tenure of 3, 6 or 9 months and get high returns. To know more, enquire now.

Financial advisor

Adarsh Credit brings you some sure ways to multiply your savings

 

Everyone on the earth has their own dreams and they hold a capability to fulfil their dreams but what if you are short of money? Being ambitious is one thing and having resources to accomplish the ambitions is another. For this, you need to earn, maybe more than what you get from your regular remuneration.

How is this possible? What are all sources that earn you that extra money? There are, certainly! You need to save at the first and invest your savings in the right instrument. This is how you will be able to make more money and fulfil your ambitions.

1. Setting up achievable goals

Dreaming is okay but it must be within your limits. You can’t become a billionaire in a night or two. So firstly, set up some small achievable goals. You can decide on some small aims such as saving a small portion of 500 rupees every month. But make sure that you keep aside this amount regularly on a monthly basis. This amount will become a huge one after some years. Apart from accomplishing your dreams, these tiny savings will also help you pay out your daily expenses.

2. Make smart investment

This is the most important decision you need to take as it is, after all, going to affect your returns on that investment. To invest, there are multiple options available such as real estate, mutual funds, fixed deposits, daily deposits, recurring deposits, share capital, the stock market, etc. Analyse all the schemes, compare their perks and then decide which suits you the best.

  • Fixed deposits: FD has always remained a lucrative option to invest as it provides secure returns for a fixed tenure on your principal amount. No risk factor and 100 percent guarantee of getting your returns. With Adarsh Credit, you can avail high FD interest rates on your investments.
  • Daily deposits: Also known as Pigmy deposits, these are another most popular instrument when it comes to receiving secure returns. If you can save just a small amount on a daily basis, your savings will become a huge amount one day. This is why the concept of daily deposits has received a huge acceptance. You can earn an impressive interest as well and hence, multiply your savings in no time!
  • Adarsh exclusive schemes: Adarsh Credit society has renowned countrywide for the highest interest-paying schemes. Some Adarsh exclusive investment products such as Adarsh Triple, Adarsh Bachat Patra and Adarsh 18 multiply your savings in a short period of time. You can check our website for more information on this.

3. Saving in specific categories

Consider spending after some certain categories in a month only, according to your priorities. For example, you can go for purchasing a refrigerator (just an example) this month and your office outfits in the next month. This will certainly prevent you from spending on unnecessary things!

4. Taking advice of a financial advisor

If you think that you are amateur at this entire investment game, then why don’t you hire a financial advisor? It will be great to do so as financial advisors are the pro with their investment skills and hence, they can suggest you the most money-minting investment options for your savings. No other could tell you better which all schemes you should invest in!

All these tips are some certain ways to double or triple your hard-earned money savings. So why wait? Start investing from today itself!