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FD for 3-5 years: These banks are offering best rates
In recent times various private and public sector banks have revised the fixed deposit interest rates downwards
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Five risks associated with investing in fixed deposits
Interest rate risk comes in when you lock in at a lower interest for a 5-year tax saving FD.
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These banks are offering higher interest rates on savings account than FDs
Fixed deposits: Interest rates on FDs are almost always higher than savings accounts
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Small finance banks are offering minimum 7% interest to senior citizens on 3-year FDs
Small finance banks can undertake all basic banking activities including lending and taking deposits
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Senior Citizen Special Fixed Deposit Scheme; invest before 31 March to make the most of it
During the pandemic, even the most well-placed financial plans went for a toss amid lay-offs and medical crisis
