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Readers ask: Fixed deposit rates in india?

Fixed Deposit Interest Rates for 5 Years

Name of Bank General Citizens Interest Rate (per annum) Senior Citizens Interest Rate (per annum)
Axis Bank 5.40% 6.05%
Canara Bank 5.25% 5.75%
IDFC First Bank 5.20% 5.70%
State Bank of India 5.30% 5.80%

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Those below 60 years of age can earn the highest fixed deposit rates of up to 6.70% by investing online, whereas senior citizens can get assured returns of up to 6.85%, which is one of the highest FD interest rates in India.

Which bank gives best FD rates in India?

Best FD Interest Rates Providing Banks in India

FD Tenure FD Rate Banks providing this FD Rate
1 year 6.50% IndusInd Bank
2 year 7.00% IndusInd Bank , Jana Small Finance Bank
3 year 7.00% Jana Small Finance Bank
5 year 7.00% Jana Small Finance Bank

Which is the best FD plan in India?

Fixed Deposit schemes with a 3-year tenure 2021

Top 10 3-year FDs for 2021
Bank/Company Regular Interest Rate(per annum) Senior Citizen Interest Rate(per annum)
Mahindra Finance 6.30% 6.55%
Sundaram Finance 6.25% 6.75%
Lakshmi Vilas Bank (LVB) 6.00% 6.50%
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Which bank has the highest interest rate for fixed deposit 2020?

Best 24 months fixed deposit rates

Rate Bank Nominal Interest Rate %
1 Mercantile Bank 8.25%
2 Afircan Bank 7.25%
3 Discovery Bank 6.6%

Is Yes Bank FD 2020 Safe?

Account holders should know that deposits with Yes Bank are insured for up to Rs 5 lakh by the DICGC. DICGC insures all deposits such as savings, fixed, current, recurring, etc. except for a few such as inter- bank deposits, any amount due on account of and deposit received outside India, etc.

Is Post Office FD safe?

Interest rate on the time deposit account is payable annually but calculated quarterly. Another major benefit of the post office fixed deposit scheme is safety. “Irrespective of the amount of deposit, the safety in post office FD is the highest as they are backed by a government guarantee,” say experts.

Is LIC better than FD?

Fixed deposits are best for both short and medium term investments whereas life insurance plans are designed for long term investments. You can invest for a period of as low as 7 days in fixed deposits unlike a life insurance plan wherein you need to invest for at least 10 years.

Which SBI FD is best?

The highest FD interest for SBI is 6.75% for regular accounts and 7.25% for Senior Citizens, only for the Fixed Deposits with tenure of minimum 5 years.

Which bank is safe for FD?

3. Top 15 Banks and Their Interest Rates

Bank List For Regular Customers (% p.a.) For Senior Citizens (% p.a.)
HDFC Bank 3.00% – 6.00% 3.50% – 6.50%
Kotak Bank 3.00% – 5.60% 3.50% – 6.10%
IDBI Bank 3.10% – 5.90% 3.60% – 6.40%
ICICI Bank 3.25% – 5.75% 3.75% – 6.25%
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Can I get monthly interest on fixed deposit?

Can we get monthly interest on Fixed Deposit ? Yes. You can get a monthly interest payout, if you choose periodic payouts, and select monthly frequency. When you invest your money in FDs, you gain interest on your principal amount, which can be obtained periodically.

How can I get the maximum interest on my money?

Different Types of Fixed Deposits To Invest Your Money Special Fixed Deposits – To earn a higher interest rate, you should go for special fixed deposits. It is possible to take a loan on fixed deposits. Tax-saver Fixed Deposits – You can opt for fixed deposits to get regular returns or payment after the maturity date.

Where can I get the highest interest on my money?

Open a high- interest online savings account. You don’t have to settle for cents of interest that you may get from a traditional brick-and-mortar bank’s regular savings account. Switch to a high-yield checking account. Some checking accounts have high rates, with some hoops. Build a CD ladder. Join a credit union.

Who is owner of Yes Bank?

Rana Kapoor , Founder, Managing Director & CEO, YES BANK receives the ‘Entrepreneurial Banker of the Decade’ award from Bombay Management Association(BMA)

Is SBI FD safe?

Safer options The FD rates between one and five years from SBI , Bank of Baroda, HDFC Bank and ICICI Bank are between 5% and 5.35%. The rates of FDs over five years range between 5.3% and 5.5% for these banks.

Should I invest in Yes Bank?

Mishra of Religare Broking said there could be some initial uptick in the stock, but sustainability is dubious. He advised investors to wait and watch the lender’s performance in the second half of the financial year. Brokerage Firm Emkay Global has a ‘sell’ rating on the YES Bank stock with a price target of Rs 9.

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