Trend and patterns of saving and investment in india
Answers
Though bank deposits are still popular, it seems that the trend to diversify will certainly pick up speed in India. The majority of the population lies in the age group of 15-64 years, more and more people are working in the private sector which does not offer any kind of social security. Therefore, Indians will look to invest in high-return instruments and will probably demand new financial products to have more choices in regards to their own income and savings.
As an individual, before you invest your savings, use a FD interest calculator to check how much interest you will get. This will make it easier for you to compare and see which investment instrument gives you the highest benefits. Remember that diversification may help maximize your profits.