Bank mounted deposits (FDs) proceed to be well-liked funding merchandise not simply amongst senior residents, who’re in search of assured earnings, but in addition amongst traders who can’t abdomen danger. But over-exposure to FDs is just not good, and it is advisable to assess your asset allocation and objectives to determine how a lot cash you must park in them. For occasion, saving to your little one’s greater schooling that’s 15 years away by means of 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 should you plan to take a vacation in two years, an FD may help. Before selecting an FD, you must examine the rates of interest on supply. Here is an inventory of banks that supply the best FD charges for deposits as much as ₹ 1 crore over varied tenures.