Investing in a fixed deposit scheme offering a high rate of interest helps in growing the invested funds, while also keeping the same safe and secure. The investor can decide on a tenure after considering his/her short term and long term financial goals. The returns can also be used for the fulfillment of any urgent financial requirement such as hospitalizations, purchasing a car, for paying the college fees and for many other requirements. FDs are a viable instrument to build a retirement corpus as they are independent of market fluctuations and risks. Read on to find out why you need to start investing in a Fixed Deposit offered by one or more of the leading banks and/or Non-Banking Financial Companies (NBFCs) : Assured Returns despite Market Ups and Downs We know how market ups and downs tend to put any investment at risk. This however is not a concern with FDs as the funds invested will earn interest at the rate specified by the financial institution. At maturity, the investor will receive the amount invested and the interest income, irrespective of market tidings.Also Check :- Fixed Deposit Calculator Investing in FDs of Financially Credible Institutions Similar to credit score for individuals, credit rating agencies like ICRA and CRISIL rate banks and NBFCs based on how likely they are to pay their debts and dues. This parameter for the stability of the institution can be used by investors to decide on which bank or NBFC to invest in. Convenient Tenure Options The investor can opt for a tenure for the FD based on their requirements and goals. Shorter tenures are suitable for short term goals and longer tenures for long term goals with the range varying from 1 year to 5 years. During this tenure, if there is an urgent need for funds and the savings of an individual are locked in an FD, select financial institutions offer the solution of a loan against this FD.The reference given below provides more details about the same: Get Maximum Returns By Putting Your Savings To Work In A Fixed Deposit