Fixed Deposits: All the three major private lenders offer fixed deposits for tenures ranging from 7 days to 10 years.
Canara Bank, Punjab National Bank, and Bank of India offer FD tenures ranging from 7 days to 10 years
The stock market has the potential to deliver far higher returns based on an individual's level of skills
'Sweep-in' facility forms a separate corpus that you can dip into during emergencies, without touching your regular investments
If you already have an existing FD in a bank, you can visit the nearest branch and apply for a credit card against it
If the FD amount is between Rs 1 lakh and Rs 3 lakh, 8 tele-consultations and 2 OPD facilities would be provided free per year
Fixed maturity plans generally invest in securities with higher credit quality so that credit and liquidity risks are minimal
The older generation is always skeptical about taking risks in their hard-earned money, and, therefore, they might always settle for low returns.
SBI's multi-option deposit account is the only one in the market to allow this facility of liquidity in fixed deposits
The major banks are offering interest rates that are about 1.5 percentage points lower than small finance banks