At this COVID Pandemic situation when banks are offering returns of 6%-8%, the news of good-digit returns is a sheer welcome for all those wanting the assurance of capital as well as good returns over a period of time. Even though CREDITO India Nidhi Limited may be offering the highest.
Investing in fixed deposits offer a number of benefits such as guaranteed returns, flexible tenure, and loan against FD, among others. Fixed Deposits are low-risk investments offered by a number of banks and NBFCs in India. In this Nidhi company collected fixed deposits and given lend loans to members. This will reconstruct our economic conditions and liquidity conditions in the Indian market at the COVID situation.
Fixed Deposits are the most important source of funds for CREDITO India Nidhi Limited, which they lend to make supporting customers.
FD interest rates vary by the amount deposited, tenure of deposit, type of depositor as well as the amount of funding required by Nidhi company from FDs. The list of factors that determine the interest rates on banks FD are: