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Assess your age, income, and expenses to determine the amount and tenure comfortable for your investment.
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Research and compare interest rates offered by different banks to maximize your returns.
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Align the FD tenure with your financial goals and ensure you are comfortable with any lock-in period.
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Be aware of potential penalties for withdrawing your FD before maturity to avoid unexpected charges.
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FDs come in various tenures, so select one that suits your liquidity requirements and financial objectives.
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Higher rates may be offered for longer tenures or higher deposit amounts; choose accordingly.
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Opt for a well-established institution with a good credit rating to ensure the safety of your investment.
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Consider your investment horizon when selecting an FD plan to meet your long-term or short-term financial objectives.
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Understand your risk tolerance and choose an FD plan that aligns with your comfort level.
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Prioritize the safety of your investment by selecting an FD plan from a financial institution with a strong reputation in the market.
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