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Why Fixed Deposits Are Popular Among Retirees
Fixed deposits (FDs) have long been a preferred investment choice among retirees, providing them with a secure and reliable source of income. As retirees transition from earning regular salaries to relying on their savings, they seek low-risk options that offer stability and guaranteed returns. Fixed deposits fit these criteria perfectly, making them one of the most trusted financial instruments for retirees. In this article, we will explore the reasons why fixed deposits are so popular among retirees, their benefits, and important factors to consider, including TDS on FD interest.
1. Guaranteed Returns and Safety
One of the primary reasons retirees favour fixed deposits is the guaranteed returns they offer. When investing in an FD, individuals know exactly how much they will earn over a set period. Unlike the volatile stock market or mutual funds, FDs provide stability and certainty, which is especially important for retirees who may have limited income …
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