Despite crashing rates, fixed deposits still hold out a lot of attraction one of the most popular debt instrument options in the country
Fixed Deposits: Indian Bank and Central Bank of India have revised interest rates on FDs.
A few private banks and small finance banks are offering higher interest rates to attract new deposits.
Fixed deposits: Many people continue to park their money in FDs mainly because of the predictability factor.
Bank FDs have held out popularity even in this regime of declining rate of interest. These days rates between 5.5% and 6.5% are considered to be good
There are two types of interest payment options on FDs — cumulative and non-cumulative.
State Bank of India is offering an exclusive FD on the occasion of the 75th year of Independence.
Google Pay users can now book high-interest rate FDs fully digitally, without needing to open a savings account with Equitas Bank
For 12 months tenure, public sector banks are offering interest rate between 4.8% and 5.2%. The nation's largest lender SBI offers a rate of only 4.4
While safety holds supreme to conservative investors, taxes matter too. Consider post-tax returns when you are comparing two investment options