In a Fixed Deposit, the sum of money is blocked for the period of the deposit.
Banks allow depositors the flexibility to invest their funds from periods as low as 7 days to 10 years.
The interest rate on the deposit depends on the period for which the funds are placed with the bank.
How can I get maximum return from fixed deposit?
6 Steps To Earn More Money From Fixed Deposits
- Open fixed deposits account online. You do get extra interest by opening an account online.
- Look for company deposits.
- Submit form 15g and 15h.
- Apply for cumulative deposits.
- Do not withdraw your deposits early.
- Place deposit in the name of parents.
Which bank FD rate is high 2019?
Compare Fixed Deposit Interest Rates 2019 in India
|Bank||FD Rate of Interest||Senior Citizen FD Rates|
|HDFC Bank Fixed Deposit||3.50% – 7.30%||4.00% – 7.80%|
|ICICI Bank Fixed Deposit||4.00% – 7.30%||4.50% – 7.80%|
|Axis Bank||3.50% – 7.20%||3.50% – 7.85%|
|Kotak Bank||3.50% – 7.20%||4.00% – 7.70%|
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Which bank is safe for fixed deposit?
Fixed Deposit Interest Rates
|Bank name||Tenure||Interest rate (%) per annum|
|IDFC Bank||91 days to 180 days||6.75|
|Kotak Mahindra Bank||181 to 363 days||6.5|
|SBI||180 to 210 days||6.35|
|Axis Bank||6 months to 8 months 29 days||6.25|
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Which FD rate is best?
DCB Bank FD Rates
|Tenure||Regular Citizens||Senior Citizens|
|More than 24 months to less than 36 months||7.60%||8.10%|
|More than 36 months to 60 months||7.75%||8.25%|
|More than 60 months to 120 months||7.25%||7.75%|
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