Bank mounted deposits (FDs) proceed to be in style funding merchandise not simply amongst senior residents, who’re on the lookout for assured revenue, but additionally amongst traders who can’t abdomen danger. But over-exposure to FDs just isn’t good, and it’s good to assess your asset allocation and targets to resolve how a lot cash you must park in them. For occasion, saving on your little one’s increased schooling that’s 15 years away by way of 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 when you plan to take a vacation in two years, an FD will help. Before selecting an FD, you must examine the rates of interest on provide. Here is an inventory of banks that provide the very best FD charges for deposits as much as ₹ 1 crore over numerous tenures.
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