FD Rates: Due to fluctuations in the stock market, investors are now getting more attracted towards Fixed Deposit (FD). Fixed interest rate is available in FD. After the fixed time, the entire money is returned safely. It is considered an excellent option for risk-free investment.
FD Rates: Due to fluctuations in the stock market, investors are now getting more attracted towards fixed deposits (FD). Fixed interest rate is available in FD. After the fixed time, the entire money is returned safely. It is considered an excellent option for risk-free investment.
Banks offer the highest interest rates on FDs
General citizens are getting 7.25 percent interest on HDFC Bank FD and senior citizens are getting 7.77 percent interest. This FD is for a period of 18 to 21 months.
ICICI Bank is giving 7.25% interest to general customers and 7.85% interest to senior citizens on FDs of 15 to 18 months.
Kotak Mahindra Bank is giving 7.4% interest on FDs of 390-391 days, while senior citizens are getting 7.9% interest.
Federal Bank is giving 7.5% interest rate to general citizens and 8% interest rate to senior citizens on FDs of 444 days.
Bank of Baroda is giving 7.15% interest to general customers and 7.65% interest rate to senior citizens on FDs of 2 to 3 years.
Union Bank of India is giving 7.3% interest on FDs of 456 days, while senior citizens are getting 7.8% interest.
Why invest in FD?
FD is a safe investment option. Here you get good returns in a fixed time at a fixed interest rate. Senior citizens have the advantage of higher interest rates. With this, they can get better returns on their savings. Apart from this, banks have FD schemes for different periods, so that investors can choose the right option according to their needs. If you want safe and guaranteed returns, then FD can be a good option.
