Bank fixed deposits (FD) are still among the best bets of investors because of their fixed interest rates. Because of guaranteed returns, FDs are popular among risk-averse investors, who do not want their earnings to be swayed by market movements. FDs, however, are of two types: regular and tax-saving. Partial withdrawal from regular FDs is allowed but tax-saving FDs require customers to lock in their savings for a minimum of five years. Leading banks like State Bank of India (SBI), Punjab National Bank (PNB), HDFC Bank and ICICI Bank offer the option of opening fixed deposit accounts.
(Also Read: Recurring Deposit (RD) Interest Rates - SBI Vs ICICI Bank Vs HDFC Bank Vs Post Offices)
Given below is a comparison of fixed deposit interest rates of PNB, HDFC Bank, ICICI Bank and SBI:
Fixed deposit interest rates of PNB
Interest rates on single domestic term or fixed deposits (pnbindia.in)
Bank fixed deposits (FD) are still among the best bets of investors because of their fixed interest rates. Because of guaranteed returns, FDs are popular among risk-averse investors, who do not want their earnings to be swayed by market movements. FDs, however, are of two types: regular and tax-saving. Partial withdrawal from regular FDs is allowed but tax-saving FDs require customers to lock in their savings for a minimum of five years. Leading banks like State Bank of India (SBI), Punjab National Bank (PNB), HDFC Bank and ICICI Bank offer the option of opening fixed deposit accounts.
(Also Read: Recurring Deposit (RD) Interest Rates - SBI Vs ICICI Bank Vs HDFC Bank Vs Post Offices)
Given below is a comparison of fixed deposit interest rates of PNB, HDFC Bank, ICICI Bank and SBI:
Fixed deposit interest rates of PNB
Interest rates on single domestic term or fixed deposits (pnbindia.in)
Bank fixed deposits (FD) are still among the best bets of investors because of their fixed interest rates. Because of guaranteed returns, FDs are popular among risk-averse investors, who do not want their earnings to be swayed by market movements. FDs, however, are of two types: regular and tax-saving. Partial withdrawal from regular FDs is allowed but tax-saving FDs require customers to lock in their savings for a minimum of five years. Leading banks like State Bank of India (SBI), Punjab National Bank (PNB), HDFC Bank and ICICI Bank offer the option of opening fixed deposit accounts.
(Also Read: Recurring Deposit (RD) Interest Rates - SBI Vs ICICI Bank Vs HDFC Bank Vs Post Offices)
Given below is a comparison of fixed deposit interest rates of PNB, HDFC Bank, ICICI Bank and SBI:
Fixed deposit interest rates of PNB
Interest rates on single domestic term or fixed deposits (pnbindia.in)
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