Once you decide to start saving money, what is your first stop? For most Indians, it is deposit products, thanks to their convenience and guaranteed returns. Many first-time investors who are not familiar with different types of financial products, such as mutual funds, also prefer these as an initial step.
Very senior citizens (whose need for funds are very near term), and those who are absolutely risk-averse also prefer deposit products. While these do not score high on real returns, there are investors who prefer deposit products. Here’s a look at some of them.
