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Do senior citizens have any benefit from investing in a 5 lakh FD?

mahindra-finance-author

by Mahindra Finance

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February 29, 2024

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1 mins read

Yes, as a senior citizen, you can enjoy multiple benefits from investing Rs. 5 Lakh in a FD scheme, including:

  • You get assured returns at a fixed rate of interest
  • There is zero risk of loss as the returns are not market-linked, and you get the full principal amount plus the accrued interest on maturity
  • You have the flexibility to choose the investment period. You can invest for a maximum of 5 years
  • You get an additional 0.25% interest than the interest offered to other investors, meaning you get higher returns and you can accomplish all your financial goals

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