Beyond returns: Five ways fixed deposits can support financial freedom

In this era of constant discussions about super returns from equities, multibagger stocks, generation of alpha by fund managers, for millions of people, stability of income and greater certainty around their money is of primary concern. Fixed deposits provide the assurance and certainty that are becoming more and more cherished in an increasingly uncertain and volatile world. Saurabh Jain, CEO and co-founder, Stable Money, a Bangalore-based wealth tech and fintech platform, highlights how the good old FD can further the cause of financial freedom.

Kolkata: “Financial independence is not just about earning more. For many investors, it is also about having greater certainty around their money, being prepared for unexpected expenses, and staying disciplined with savings. Fixed deposits can play a role in providing that stability” — that’s Saurabh Jain for you, crisp and no-nonsense. The CEO and co-founder, Stable Money, says how the good, old FDs can push the quest for financial freedom. While many would tend to view FDs as bit old-worldly, real point is it that it is by no means fuddy duddy and, in fact, are in a way becoming more valuable with predictable returns and........

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