Safest way of investing money

Banks offer Fixed Deposit, which is also referred to as Term Deposit. This is a useful investment where the bank FD interest rates are guaranteed not to change for the specified period. Therefore, you can know accurately the worth of your investment. For the conventional scheme, the bank FD interest rates on the FD account are deposited in the Savings account nominated by you on a quarterly basis or on a monthly basis. As far as the Reinvestment scheme is concerned, the interest amount is compounded to the principal sum on a quarterly basis. Normally, Bank Fixed Deposits are safe investments since fixed deposits up to Rs one lakh is indemnified.

Summary: There are a lot of other institutions separately from the banks that tender fixed deposit investment alternatives for investors. In the family of banks there are private sector banks, public sector banks, in addition to co-operative banks where you can invest your money in the fixed deposit.