6 Top Fixed Income Investment Options Compared: Find out which suits you now
- 4 Days ago
Written by - Shriram
How to earn a fixed income through investment? This is the common question most investors have while starting an investment journey.
Fixed income investment options are the go-to plan for investors who want to save considerable money without exposing their savings to market risks. Fixed income investment options offer assured returns at fixed interest rates and guarantee fixed income regularly or at maturity.
While market-based investment options offer quick growth and higher returns, one can choose fixed income investments like Shriram Fixed Deposit to gain stability, downside protection, safety and liquidity.
Top 5 Fixed Income Investment Options in IndiaHere are five fixed income investment options that ensure reasonable returns, capital safety and consistent growth.
Company Fixed Deposit – A company fixed deposit is one of the best fixed income investment choices. A company FD is offered by NBFCs (Non-Banking Financial Companies) and financial institutions at a higher interest rate than most fixed income investment options.
Shriram Fixed Deposit is one of the most popular investment options that offer high security and attractive interest rates of up to 8.75% per annum.
|Company Fixed Deposit|
|Maturity||5 Years to 10 Years|
|Minimum Investment||Rs. 5000|
|Maximum Investment||No maximum limit|
|Interest Rate||Up to 9%|
Public Provident Fund – PPF (Public Provident Fund) is one of India's safest fixed income investment options that is fully secured with a government guarantee. One can open a PPF account easily with banks and post offices. The maximum tenure for a PPF account is 15 years. However, one can extend it to 5 more years to get safe returns over a long period. Government revises the interest rates of the PPF account every quarter. The PPF interest rates are currently 7.1% (Q2 FY 2022-23).
|Public Provident Fund|
|Maturity||15 Years (5 Years Extension Available)|
|Minimum Investment||Rs. 500|
|Maximum Investment||Rs. 1,50,000 Per Annum|
|Interest Rate||7.10% (Q2 FY 2022-23)|
Senior Citizen Savings Scheme – Senior citizens, i.e. people above 60 years, can choose Senior Citizen Savings Scheme (SCSS). As senior citizens expect a regular flow of income post-retirement, the senior citizen savings scheme is the best choice for fixed income investment.
One can open an account in SCSS via banks and post offices. Besides, as SCSS is backed by Government, it guarantees quarterly returns at an interest rate of 7.40% per annum (Q2 FY 2022-23).
|Senior Citizen Savings Scheme|
|Maturity||5 Years (3 Years Extension Available)|
|Minimum Investment||Rs. 1000|
|Maximum Investment||Rs. 15,00,000 Per Annum|
|Interest Rate||7.40% (Q2 FY 2022-23)|
Government Bonds – Government bonds are debt instruments through which Government raises capital for their projects and setups. They are also known as known Government securities. The maturity period of government bonds differs, and the interest rates are determined based on the total period of the bond.
There are many types of Government Bonds. However, the two most common ones are Fixed Rate Bonds and Floating Rate Bonds.
|Maturity||91 days to 40 years|
|Minimum Investment||Rs. 10,000|
|Maximum Investment||Rs. 2 Crore|
|Interest Rate||Variable as per maturity|
PMVVY Scheme - Pradhan Mantri Vaya Vandana Yojana (PMVVY) Scheme is a pension scheme for senior citizens. PMVVY currently provides an interest rate of up to 7.40% per annum. Senior citizens can avail of this scheme from Life Insurance Corporation (LIC).
The Government of India introduced this fixed income investment option (Pradhan Mantri Vaya Vandana Yojana Scheme) to allow senior citizens to earn monthly pensions.
|Pradhan Mantri Vaya Vandana Yojana Scheme|
|Minimum Investment||Rs. 1,50,000|
|Maximum Investment||Rs. 15,00,000|
|Interest Rate||Up to 7.66% Per Annum|
These investment options can benefit investors in the best suited way as per their requirements. However, a company fixed deposit such as Shriram comparatively offers one of the highest interest rates and benefits every investor to grow their wealth safely and steadily.
Shriram is a renowned NBFC in India. It has decades of trust in the market with over 2.12 million customers. Here are a few reasons why Shriram Fixed Deposit is one of the best fixed-income investments in India.
Why is Shriram Fixed Deposit One of the Best Fixed Income Investment Options
- An attractive interest rate of up to 8.75% per annum.
- Rated [ICRA] AA+ Stable – a higher degree of safety
- Loan against FD to manage an emergency financial crisis
- Regular payouts at your convenience with a non-cumulative fixed deposit
- An additional interest rate of up to 0.50% for senior citizens
Invest NowShriram Fixed Deposit offers assured returns and growth at zero risk. Our end-to-end online investment process makes investing in Shriram Fixed Deposit easier than ever. So, book an FD now and complete your fixed income investment safely and seamlessly within a few minutes.
- Fixed income investment options offer assured returns at fixed interest rates and guarantee fixed income regularly or at maturity.
- Shriram Fixed Deposit offers assured returns and growth at zero risk.
- Shriram Fixed Deposit offers high security and attractive interest rates of up to 8.75% per annum.
- Shriram is a renowned NBFC in India with decades of trust in the market with over 2.12 million customers.