Tips for Short-Term Investments
Invest in Fixed Deposits or FDs
Investing in Fixed deposits yields a considerable profit over a period of time. There are many banks and other financial institutions that promise very high interest returns. However, we should be cautious of companies assuring interest rates higher than the prevailing market rate. Bank FDs are considered as safer option than the companies?, given the fact that you are insured for one lakh rupees in case the bank defaults. Investing in Companies FDs is solely dependent upon the financial condition of the company; hence there is the risk of losing your money in worst case scenario. A thorough background check of the Company is advisable before taking the plunge.
