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Fixed Deposit for Retirement Fund

As famous saying goes, ‘slow and steady wins the race’; for those of us who started investing early and chose fixed deposits (FD). We can enjoy our retirement and relax with our financial planning in place. Over the years, your investment would have created a steady source of monthly income and the financial independence one would like to continue to enjoy even after retirement.

Here are some of the post-retirement expenses that an FD can help you meet:

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medical

MEDICAL ISSUES

It is safe to say that old age comes with the uncertainty of medical health. Your FD can take care of such healthcare-related expenses.

income

REGULAR INCOME

The returns from your FDs create a steady source of monthly income after retirement from the interest income itself.

travel

TRAVEL EXPENSES

Now is the time to tick off all the boxes on your bucket list, visit places you always wanted to and perhaps go on to the pilgrimage too.

gifting

GIFTING

As a grandparent, you would always want to buy gifts for your grandchildren without depending on someone else. Again, interest coming from your FD can take care of these expenses.

emergency

EMERGENCY FUND

While the interest income takes care of the monthly expenses, your principle is intact that you can withdraw anytime should there be a need.

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