Banks are the biggest issuers of fixed deposits in India. Fixed deposits (FD) of leading banks not only help you save money but also grow your wealth. Money in fixed deposit accounts offer attractive interest rates until fixed tenures. The interest payout options offer the customer of fixed deposits to either choose regular cash flows or earn high interest rates by opting for cumulative interest where the interest is compounded quarterly, providing even better returns. If you have a lump sum surplus available for investment with a requirement of these funds at a specified date, you may choose to put it into a fixed deposit.
Banks are the biggest issuers of fixed deposits in India. Fixed deposits (FD) of leading banks not only help you save money but also grow your wealth. Money in fixed deposit accounts offer attractive interest rates until fixed tenures. The interest payout options offer the customer of fixed deposits to either choose regular cash flows or earn high interest rates by opting for cumulative interest where the interest is compounded quarterly, providing even better returns. If you have a lump sum surplus available for investment with a requirement of these funds at a specified date, you may choose to put it into a fixed deposit.
Banks are the biggest issuers of fixed deposits in India. Fixed deposits (FD) of leading banks not only help you save money but also grow your wealth. Money in fixed deposit accounts offer attractive interest rates until fixed tenures. The interest payout options offer the customer of fixed deposits to either choose regular cash flows or earn high interest rates by opting for cumulative interest where the interest is compounded quarterly, providing even better returns. If you have a lump sum surplus available for investment with a requirement of these funds at a specified date, you may choose to put it into a fixed deposit.
Given below are fixed deposit (FD) interest rates of State Bank of India (SBI), HDFC Bank, ICICI Bank, Bank of Baroda (BoB) and Federal Bank:
Fixed deposit interest rates of State Bank of India (SBI) (Below Rs 1 crore)
Fixed deposit interest rates of HDFC Bank
Domestic / NRO / NRE Fixed Deposits
Fixed deposit interest rates of ICICI Bank
Interest rates on Domestic, NRO & NRE deposits(Less than Rs 1 crore)
Fixed deposit interest rates of Bank of Baroda (BoB)
For Domestic & NRO fixed deposits [Per Annum] [Fresh & Renewal] [Callable] (ROI in %)
- Below Rs. One Crore
Fixed deposit interest rates of Federal Bank
Interest rates for Resident Fixed Deposits effective from 14-6-2018
Post offices also offer fixed deposits.
Recurring deposit and savings bank accounts are also offered by all banks.
Small finance banks, in fact, offer higher interest rates on fixed deposits, recurring deposits and savings bank accounts.
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