Can I deposit ₹50,000 in an FD?

Yes, you can easily deposit ₹50,000 in a fixed deposit(FD).  Infact, you can start your FD journey with amounts as low as ₹5,000.

Things to Consider:

• Compare interest rates and terms between different institutions before investing.
• Consider choosing cumulative FDs to earn compound interest.
• Some financial institutions may provide additional/higher interest rates to senior citizens and women depositors. Check with your FD provider before investing.

Benefits of a ₹50000 FD:

• Loan Against FD: Generally, you can avail of loans against your ₹50,000 FD up to 75-90% of your FD value at competitive interest rates.
• Flexible Tenures: You can deposit ₹50,000 for tenures ranging from 7 days to 10 years. Different banks and NBFCs allow you to deposit the amount for different tenures. Choose a tenure that fits your financial needs. Longer tenures will fetch you higher interest rates.
• Low-Risk Investment: FDs are considered to be a low-risk investment option, as returns are stable if you hold them until maturity.