Financial planning is a serious business. Your future depends on how wisely you invest your funds. Bhandarkar Investments is one such top fixed deposit distributor in Mumbai. So what is financial planning and how does one secure himself and his family for a gratifying future? It is all about investing surplus funds in lucrative instruments which yield maximum returns and also carry little or no risk. Fixed deposit or term deposit is one such instrument.

Mentioned below are some of the variants which a fixed deposit advisor in Mumbai offers.

• Fixed Deposit
  Fixed deposit is an investment product where funds are locked-in for a predetermined period. This amount is then payable on maturity along with interest which varies from bank to bank. It is considered to be the safest.
• Flexi Deposit
  Flexi deposits are also called hybrid deposits. A savings or current account is necessary to invest in this type of term deposit. The depositor typically instructs the bank to convert surplus amount above the predetermined balance into a term deposit. However, a receipt is not issued. It is just a recorded statement in the bank books. On maturity the same process is followed as the above two schemes.

Salient features of term / fixed deposits -

Interest from fixed deposit is not tax free.

Premature withdrawal attracts penalty.

Monthly, quarterly or yearly interest options available.

Loan against fixed deposit is possible.

Bhandarkar Investments, fixed deposit distributor in mumbai offers fixed deposit schemes from companies such as HDFC Bank, Bajaj Finance, Shriram Finance Mahindra Finance which offer lucrative interest rates.

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