Bank mounted deposits (FDs) proceed to be standard funding merchandise not simply amongst senior residents, who’re searching for assured earnings, but additionally amongst buyers who can’t abdomen threat. But over-exposure to FDs shouldn’t be good, and you could assess your asset allocation and objectives to determine how a lot cash it’s best to park in them. For occasion, saving on your youngster’s greater training that’s 15 years away by FDs will not be efficient because the post-tax rate of interest of an FD might not provide you with an actual return (return that’s above the speed of inflation), however if you happen to plan to take a vacation in two years, an FD will help. Before selecting an FD, it’s best to examine the rates of interest on supply. Here is a listing of banks that provide the very best FD charges for deposits as much as ₹ 1 crore over varied tenures.
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