If you want a safe and intelligent investment, fixed deposit is the one to go for. These days, fixed deposits are high on popularity after the increase in interest rates in the last few years. A huge sum of money deposited for a certain period of time can earn a pre-determined rate of interest. These schemes are offered by both banks and companies, but it is wise to opt for banks, because of safety reasons. Here are few things that you should keep in mind about fixed deposit accounts in India.

10. Benefit for Senior Citizens

Interest rates are generally quoted higher for senior citizens. Now that’s a huge relief! Grannies and Grandpas should have a smile on their faces now.

9. Public Sector Banks – Always Prefer

Public sector banks offer highest returns rather than the private ones. High returns and security – these are strong features which should move you towards the public sector. If you want to be completely sure that nothing should go wrong, don’t think twice, and invest in public sector banks.