Before opening a fixed deposit, it is recommended to compare the fixed deposit (FD) interest rates offered by different banks. Lately, most commercial banks have slashed their interest on deposits as well as on advances. Here we list out the interest rates they offer on 1-year deposits as well as highest interest they offer on … Read more
Conservative investors tend to invest in fixed deposits (FDs) of banks for the security and assurance they offer. Here we examine the returns given by different post office schemes and compare them with those on fixed deposits of different banks. Typically, most banks offer annual interest in the range of 6.6-6.7 percent on their fixed deposits … Read more
At the time of opening a fixed deposit (FD), it is advisable to compare the interest rates offered by different banks. Importantly, some banks have started to slash their rates in the wake of RBI cutting benchmark repo rate after nearly five-year hiatus. Even a tiny difference – say of 50 basis points– can lead … Read more