Before investing your savings in a company FD, verifying your issuer’s financial stability is vital. This ensures that your investment is a successful one and your money is parked in safety. While word of mouth is a good starting point, it isn’t sufficient to make a wise decision. To get an objective analysis on your NBFC FD, inspect the ratings that reputed credit rating agencies attach to it. Agencies like ICRA evaluate details like the company’s track record and its risk management system before passing a judgement on the FD’s…
Read MoreWhat is ICRA rating system? Know its impacts on fixed deposits
