Bank fixed deposits (FDs) are one of the most popular instruments used to save money for the future. Despite falling interest rates, many people prefer FDs over other savings/investment products as they offers a secured return and easy access to liquidity in case of an emergency. Depending on the investment horizon, fixed deposits offer a wide range of choices ranging from seven days to 10 years. However, to get the best return out of your fixed deposits, you need to know the various rates offered by top lenders in India. State Bank of India, biggest lender in the country, for example, offers an interest rate of 6.75 per cent on fixed deposits of one year.
Here is a comparison of interests offered by SBI, HDFC Bank, ICICI Bank and Axis Bank:
Bank fixed deposits (FDs) are one of the most popular instruments used to save money for the future. Despite falling interest rates, many people prefer FDs over other savings/investment products as they offers a secured return and easy access to liquidity in case of an emergency. Depending on the investment horizon, fixed deposits offer a wide range of choices ranging from seven days to 10 years. However, to get the best return out of your fixed deposits, you need to know the various rates offered by top lenders in India. State Bank of India, biggest lender in the country, for example, offers an interest rate of 6.75 per cent on fixed deposits of one year.
Here is a comparison of interests offered by SBI, HDFC Bank, ICICI Bank and Axis Bank:
Bank fixed deposits (FDs) are one of the most popular instruments used to save money for the future. Despite falling interest rates, many people prefer FDs over other savings/investment products as they offers a secured return and easy access to liquidity in case of an emergency. Depending on the investment horizon, fixed deposits offer a wide range of choices ranging from seven days to 10 years. However, to get the best return out of your fixed deposits, you need to know the various rates offered by top lenders in India. State Bank of India, biggest lender in the country, for example, offers an interest rate of 6.75 per cent on fixed deposits of one year.
Here is a comparison of interests offered by SBI, HDFC Bank, ICICI Bank and Axis Bank: