Fixed-deposit schemes remain a popular choice for investors seeking a reliable, consistent, and long-term return on investment. They offer a low-risk option for short-term investments, such as one, three, or six months, and can provide an interest rate of up to 8% for a duration of one to five years. Compared to savings accounts, FDs offer a higher return on investment. For those looking for a safe haven for their contingency fund, FDs can be a good option. To find the best FD rates, investors should compare the interest rates of different banks. ICICI, SBI, PNB, and HDFC banks offer decent interest rates and higher safety. For example, ICICI Bank and SBI Bank offer interest rates on FD amounts less than ₹3 crore. By comparing rates and considering factors such as safety and duration, investors can make an informed decision and choose the best FD scheme for their needs.
Explore the best fixed deposit rates from top banks: SBI, ICICI, HDFC, and PNB. Discover the latest rates now!
by newsworm | Nov 26, 2024 | Banking, HDFC Bank, ICICI Bank, State Bank of India