WPL: Pooja Vastrakar got 1.9 crores, father said – Girl wastes a lot of money, advised to get FD
Looking at the bumper returns on FDs, Bandhanram Vastrakar, father of Indian women’s cricket team all-rounder Pooja Vastrakar, also wants Pooja to convert the earnings from the Women’s Premier League into a Fixed Deposit (FD).
Pooja Vastrakar (AP)
New Delhi. Bank FD has started attracting people’s attention so much that everyone wants to invest their money in Fixed Deposits. This process started ever since the banks increased the interest rates on FD. Looking at the bumper returns on FDs, Bandhanram Vastrakar, father of Indian women’s cricket team all-rounder Pooja Vastrakar, also wants Pooja to convert the earnings from the Women’s Premier League into a Fixed Deposit (FD). Actually, the auction for the Women’s Premier League took place in Mumbai on Monday. Indian women’s cricket team player, Pooja Vastrakar was bought by Mumbai Indians for 1.9 crores. For the first time, she is going to play for Mumbai Indians.
According to media reports, Pooja Vastrakar had bought a car worth Rs 15 lakh from her father, Bandhan Ram Vastrakar. Father found this wasteful expenditure. On hearing the news of the bidding, the father instructed his daughter to put this amount in FD.
There are many benefits to getting an FD
whenever it comes to savings, the name FD definitely comes because your investment is safe in it, as well as you get guaranteed returns. At this time, there are many benefits of having a fixed deposit in the bank. Such as fixed rate of return, saving tax on interest, choosing the tenure as per your wish, facility of easy cash withdrawal and loan on FD, etc. These advantages make FDs very attractive.
In today’s time, of course, people have started talking about investing money in mutual funds, but if you talk to old people, they still do not see any better option than FD. But do you know that apart from guaranteed returns in FD, many other facilities are available? People do not talk much about these facilities or do not know much about them.
You get these facilities
If you have got FD done somewhere, then you get the facility of the loan in return. Apart from this, an overdraft facility is also available based on loans in many banks. You are also given the facility of insurance cover on FD by Deposit Insurance and Credit Guarantee Corporation.
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