security and safety of your savings

SAFETY OF YOUR MONEY IS MORE IMPORTANT THAN THE RETURN YOU ARE OFFERED ON YOUR INVESTMENTS.
FOR EXAMPLE,IF YOU ARE OFFERED A RATE OF INTEREST OF 11% PERANNUM BY A COMPANY ACCEPTING FIXED DEPOSITS,THIS WILL CERTAINLY ATTRACT YOU TO DEPOSIT MONEY WHICH YOU HAVE SAVED TO EARN 11% RATE OF INTEREST.
BUT HOLD FOR A MINUTE .
SEE IF THE COMPANY'S DEPOSITS CARRY ANY RATING LIKE AAA,A++ ETC...
AAA RATING INDICATES HIGHEST SAFETY.
SOME COMPANIES LIKE HDFC.,BAJAJ, ETC.. OFEERR AAA RATED DEPOSITS BUR THEIR INTEREST RATE MAY BE SLIGHTLY LOWER.
BUT STILL MY VIEW IS YOU SHOULD OPT FOR SAVING WITH A COMPANY WITH A GOOD RATING THAN A COMPANY WITH NO RATING ,THOUGH UNRATED COMPANIES MAY OFFER HIGHER RATE OF INTEREST.
IN INDIA , SUCH RATING IS GIVEN BY COMPANIES LIKE ICRA,CRISIL
THE PRINCIPAL MONEY INVESTED BY THE INVESTOR SHOULD BE SAFE. DO NOT BOTHER FOR A SLIGHTLY MORE RATE OF INTEREST.
RALLABANDI VENKATA RAO