Essential Features To Look For When Opening An FD​

Thinking of investing in an FD?

Have you done your research?

There are many FD schemes and there are some things to consider to choose right one. Know what

Interest rate

The first thing to check is the interest rate offered. The higher, the better. High rates help you get the maximum returns on your deposit.

Minimum amount

Next, check the minimum amount required to start the fixed deposit scheme. Ensure it aligns with the amount you want to invest.

Tenure options

Check the deposit tenure offered with the fixed deposit scheme. The tenure option should align with your investment horizon and should be flexible.

Withdrawal clause

Premature withdrawals are allowed under most FDs. Check the lock-in period after which such withdrawal is allowed and the associated charges.

Ease of investment

Check the account opening process. The easier, the better. Check for digital processes so that you can open the FD account conveniently.

Metra Trust offers convenient digital FDs with interest rates going up to 7.75%* p.a. and an additional 0.5%* p.a. for senior citizens.