Always compare your bank Fixed Deposits rates

All the bank fixed deposits are still fashionable investment products, not just the senior citizens, who are trying to find the guaranteed income, but also among the investors who can not stomach risk. But overexposure to Fixed Deposit is not good, and you also need to assess your asset allocation as well as goals to decide.

How much money you should park in them. For instance, saving for your child’s very higher education that’s 15 years away through Fixed Deposits may not be effective as the post-tax rate of interest of Fixed Deposits may not give you a real return, but if you also plan to take a holiday in two years, and FD can also help. 

Whenever choosing Fixed Deposits, you should always compare the rate of interest on offer. There is a list of banks that offer the very highest Fixed Deposit rates for deposits up to ₹ 1 crore over the tenures.

Changes in the Reserve Bank of India’s monetary policy such as the repo rate, base rate, internal liquidity position of the banks, economic conditions, and the level of credit demand are some of the things on which fixed deposits of banks are also dependent on.

This is also positive news for Fixed Deposits investors as banks will not further decrease the rate of interest on fixed deposits. SBI already offers a good percentage of interest rate 2.9 percent to 5.4 percent to the general depositors as well as 3.4 percent to 6.2 percent to the senior citizens.

SBI also changes the rate of interest from time to time on the basis to align them with the benchmark rates. These interest rates are also effective from September. This best bank SBI offers eight maturity options for the fixed deposits up to Rs 2 crore. The maturity period also starts at seven days and extends to the long as 10 years.


I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Latest News