Bank mounted deposits (FDs) proceed to be well-liked funding merchandise not simply amongst senior residents, who’re in search of assured revenue, but in addition amongst buyers who can’t abdomen threat. But over-exposure to FDs is just not good, and it’s essential to assess your asset allocation and targets to resolve how a lot cash you need to park in them. For occasion, saving on your youngster’s greater schooling that’s 15 years away by FDs will not be efficient because the post-tax rate of interest of an FD could not offer you an actual return (return that’s above the speed of inflation), however when you plan to take a vacation in two years, an FD can assist. Before selecting an FD, you need to examine the rates of interest on supply. Here is an inventory of banks that supply the very best FD charges for deposits as much as ₹ 1 crore over varied tenures.
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