1.

Second home: Many of us plan to live away from city life in a serene, quite place during our retirement phase. 50s make an ideal age to start planning to buy a second home in the place you want to spend your golden years. Choosing a risk-free instrument like Suryoday Fixed Deposits can help you reach your goal with a peace of mind.

2.

Fund your start-up: Fixed Deposit is also perfect for those who are planning to begin their start-up by funding it with their own capital.

3.

Retirement fund: Safeguard your retirement corpus with guaranteed assurance of Fixed Deposit. Start shifting your money from other investments to Fixed Deposit. This move will protect your corpus from deteriorating.

4.

Emergency Fund: Life is unpredictable. The only way you can deal with it is by being prepared. Unpleasant events like job loss, unplanned expenses, car repairs, home repairs, medical bills, financial emergencies etc. are sometimes unexpectedly thrown at you. In the time of crisis your emergency fund can give you a solid backing and confidence to bounce back. Book a Fixed Deposit with Suryoday Small Finance Bank and plan your emergency expenses smartly.

5.

Taxes: In your 50s, it is vital that you plan your investments in a way that it also saves tax for you. Let’s look at one of the attractive features of investing in 5 years Fixed Deposit i.e. you can claim tax deduction under Section 80C of the Income Tax Act, 1961 of up to Rs 1.5 Lacs and the lock-in tenure is of 5 years. So, now you have more reasons to save and smile more with Fixed Deposit