The bank will get higher returns than FD By investing in these 5 places, know what are the benefits

Fixed deposit is a very popular investment option among Indians. Senior citizens in particular are seen investing in FDs. This is because it is a safer investment option than expected. But the last two years have seen a sharp decline in interest rates on FDs. The interest rates on FDs of major banks are also the lowest in the last 12 years. This is the reason why people are investing less in FDs and looking for other investment options. So let’s look at some of the same options :

1. National Savings Certificate (NSC)
2. Kisan Vikas Patra (KVP)
3. Corporate Fix Deposit
4. Senior Citizen Savings Scheme (SCSS)
5. Small Finance Bank FD