Since FDR rates are decreasing drastically, it is necessary to find out other alternative that yield 12% interest income. We have come up with Faircent Double Plan where you can invest your surplus money that can yield maximum interest rate 12% .

Faircent.com is a peer to peer online NBFC portal where you can either lend or borrow money. Faircent.com has been providing platform to invest your money through Individual loan so far. Recently, Fairncent.com has introduced its Faircent Double Plan where it gives maximum interest rate 12 % if you invest for 12 months.

This article will help you understand whether you still need to invest in FDR wherein interest rate is the least or can leverage your money to yield maximum interest rate through Faircent Double Plan. We will discuss all the plans and its details.

Faircent Double Plans.

Faircent.com has three types of investment plans (1) Fixed Term Plans (2) Monthly Income Plans (3) Freedom Plan

Fixed Term Plans:

Fixed Term Plans are the plans having their term fixed. It means once you have invested in a particular fixed term plan, you are supposed to keep the investment amount for that particular period. In view of the term, Fixed Term Plans have 3 kind of plans to invest.

1).Fixed Term Plan (12 Months Term): Earn 12% Interest on Your Investment.

The investment in Faircent Double Fixed Term Plan of 12 months will earn 12 % interest rate for the tenure of 12 months. In this plan, the investor will receive the interest and principal at end of the term of 12 months. According to the Faircent.com, the minimum amount you can invest in Faircent Double Fixed Term Plan of 12 months is Rupees 50,000/- only.

2). 6 Months Fixed Term Plan (6 Months): Earn 11% Interest on Your Investment.

This Fixed Term Plan of 6 months can help you earn 11 % interest on your principal investment amount. As we’ve seen above, this fixed term plan is of 6 months and minimum investment amount is Rs 1.00 lacs. This plan is suitable those who want to invest the sum for lesser period and earn interest income on principal amount.

3). 3 Months Fixed Term Plan (3 months) : Earn 10% interest on Your Investment.

3 Months Fixed Term plan is short term investment where it will give 10% interest income on your principal amount invested. In shorter time of 3 months, you are receiving here 10% interest along with your principal amount. You can again reinvest the same amount in any plan of your choice. Faircent Double 3 Months Fixed Term plan’s minimum investment amount is Rs 2.00 lacs.

Key Features	12 Months Plan	6 Months Plan	3 Months Plan
Interest Rate	12%	11%	10 %
Min Amount	Rs 50,000/-	Rs 1,00,000/-	Rs 2,00,000/-
Maturity Benefit	After 12 Months	After 6 Months	After 3 Months
Who should invest?	Long term Investment	Mid Term Investment	Short Term Investment

Monthly Income Plans

As the name suggests, these plans are meant for monthly interest income plans. Faircent Double Monthly Income plans are long duration plans viz 24 months and 36 months. Your principal amount will remain invested as long as the plan term but you will be receiving the interest amount monthly in your Faircent wallet which you can either reinvest or withdraw to your saving bank account.

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The minimum investment amount in Faircent Double Monthly income plans is just Rs 50,000/-. Here you will receive monthly interest and principal at the end of the term of investment.

Monthly Income Plans Key Features	24 Months Monthly Income Plan	36 Months Monthly Income Plan
Interest Rate	10 %	10.5 %
Min Amount	Rs 50,000/-	Rs 50,000/-
Interest Income	Monthly receivable in Wallet	Monthly receivable in Wallet

Faircent Freedom Plan

Faircent Freedom Plan has no fixed term of investment hence you can invest as well as withdraw your funds at any point of time. You may receive the interest on the principal as long as it was remained in the Faircent Freedom Plan.

Faircent Freedom Plan will allow to demand your funds for withdrawal post 24 hours of the investment. You can also move your fund to another Faircent Double plans like Monthly Income plans or Fixed Term Plans of 3 months, 6 months or 12 Months.

Since it has no fixed term of investment, it offers lesser rate of interest compared to Fixed Term Plans and Monthly Investment Plans. But it will offer liquidity of funds sooner than those two plans.

Faircent Freedom Plan will attract 8.25 % rate of interest on your investment annually post 30 days of the investment. If your investment will remain less than 30 days in Faircent Freedom Plan, your investment will attract interest on the basis of the days it was in the plan.

There is requirement of any minimum amount of investment to invest in Faircent Freedom Plan under Faircent Double.

Faircent Freedom Plan	Key Factors
Rate of Interest	8.25 post 30 days. 5% for 16 to 30 days 4% for 1 to 15 days.
Min Amount	No concept
Maturity	On demand but post 24 Hours of the investment

Conclusion:

Faircent Double Plans are the alternative to the traditional term deposit investment. Even Faircent Freedom Plan offers the better interest rate compared to FDRs. You can consider this plan at very stage as it also offer liquidity of funds on demand. However, if you are keen to create wealth , you can consider fixed term plans. And if you are among of who wants monthly income, Monthly Income plans are meant for you. Thus, Faircent Double Investment Plans can be considered in Digital investment era to invest digitally.