Fixed Deposit Interest Rates
A recent survey that was conducted by the Securities and Exchange Board of India SEBI let out that 95% of Indians rely on parking funds in a fixed deposit. While there are many other equally profitable investment instruments available in the market, why then does the fixed deposit remain people’s choice of investment? Well, at the very least, we can blame it on fixed deposit interest rates. FD interest rates are one of the best products offered by the banks and NBFCs in abundance to invest in. As recently as in the survey conducted by SEBI, it has been established that as many as 95% of Indians believe that the best way to park their funds is through a fixed deposit. As there are other many other more profitable investment instruments available why does the people take the fixed deposit investment? At worst, therefore, we can blame it on fixed deposit interest rates.
Interest rates on FDs have been given below as per the top banks in the country are concerned.
If you have clearly done a mental arrangement that you wish to invest in fixed deposits, go ahead with the confidence that the banks offering the highest FD interest rates will not let you down. You might occasionally require some time to wander around the banks’ websites to see what they have got. In other words, following is the list of the best FD rates offered by Indian banks: It is worthy to note that the FD interest rates apply to amounts up to 5 crores only.
Following are the list of interest rates on FD by top banks:
Assuming you have already created a mental picture of which direction you wish your investment to take, such as putting money in fixed deposits, go ahead and trust the banks with the highest FD interest rates. In order to sample and possibly spend a while browsing banks’ websites you may have to define what a bank offers. In the same vein, in order not to complicate things, we present below the list of the best banks which offer the highest interest rates on fixed deposit in India.The FD interest rates are specific to amounts below 5 crores.
