Investing Small Amount of Money for Higher Returns

Investing Money is one of the ways you just can’t afford to overlook if you are looking forward to create wealth and become financially independent. No matter even if you have a small amount of money in your hands, continuously investing it can reap you amazing results like the snowball effect. The snowball effect is a phenomenon where small amount of snow gain in size and momentum leading to exponential growth. Hence, for fulfilling your ambitions on money, you need to implement a proper strategy and stay consistent in making small but smart investments.

The most reliable and tested way for investing small amount of money to get higher returns over a certain period of time is to invest in assured and non-speculative portfolios that promises you with the highest return on investment available in the market with maximum security – a fixed deposit plan!

Features of Fixed Deposit Plan:

·         The main purpose of a fixed deposit plan is to enable the individuals to earn a higher rate of interest on their surplus funds (extra money)

·         A certain amount of money can be deposited only once. For further such deposits, you have to open separate accounts

·         The depositor is given a fixed deposit agreement/receipt, which the depositor has to produce at the time of maturity.

·         You can also renew a plan for further period

·         As per the traditional norms, the interest on the FD account is credited to the Savings account specified by the depositor on a monthly basis or on a quarterly basis.

·         Tax is deducted at source, from the interest on Fixed Deposits, as per the Income Tax Act, 1961.

There's an old saying that if "something is too good to be true, then it probably is." That's best advice when it comes to doubling your money, considering that there are probably far more investment options out there to approach doubling your money, always invest in plans that ensure you a carefree life drenched with prosperity.