Compare your bank FD rates

Financial institution fastened deposits (FDs) proceed to be fashionable funding merchandise not simply amongst senior residents, who’re on the lookout for assured earnings, but additionally amongst traders who can’t abdomen threat. However over-exposure to FDs will not be good, and that you must assess your asset allocation and targets to determine how a lot cash it’s best to park in them. For example, saving to your little one’s larger schooling that’s 15 years away by FDs will not be efficient because the post-tax rate of interest of an FD could not provide you with an actual return (return that’s above the speed of inflation), however when you plan to take a vacation in two years, an FD may help. Earlier than selecting an FD, it’s best to examine the rates of interest on supply. Here’s a record of banks that supply the very best FD charges for deposits as much as 1 crore over varied tenures.


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