Bank mounted deposits (FDs) proceed to be well-liked funding merchandise not simply amongst senior residents, who’re in search of assured revenue, but additionally amongst traders who can’t abdomen threat. But over-exposure to FDs just isn’t good, and you must assess your asset allocation and objectives to determine how a lot cash it is best to park in them. For occasion, saving to your little one’s increased schooling that’s 15 years away via FDs might not be efficient because the post-tax rate of interest of an FD might not offer you an actual return (return that’s above the speed of inflation), however in case you plan to take a vacation in two years, an FD might help. Before selecting an FD, it is best to evaluate the rates of interest on supply. Here is an inventory of banks that provide the best FD charges for deposits as much as ₹ 1 crore over varied tenures.
View Full Image
Subscribe to Mint Newsletters
* Enter a sound e mail
* Thank you for subscribing to our e-newsletter.