Making a fixed deposit in any bank is still considered a safe investment, bank fixed deposit, mutual fund is much safer than the stock market or other investments.
Trading in the stock market has increased a lot since the last few days, people invest in the stock market. Have been buying shares of a bank, buying mutual funds, buying bonds or investing by buying gold online. Also Read: LIC Guaranteed Money Back Scheme – 2 lakh guaranteed returns every 5 years
But even today fixed deposit 100% is a reliable investment. If you need money very much in the coming time and do not want to take any kind of risk on your deposits, then fixed deposit FD can be a great option for you.
Benefits of making a fixed deposit in a bank
- safe investment
- predetermined interest rate
- Loan facility against fixed deposit
- Don’t worry about stock market volatility
How to make FD fixed deposit in bank
To make a fixed deposit in any bank, you need to be an account holder of that bank.
You can now easily make fixed deposits from your savings account through online banking
You can also withdraw money from the bank FD before this time on the stipulated time, but if you break the FD before the stipulated time, the interest paid to you can be cut drastically. Also Read: LIC’s great offers : Save Rs 160 per day, be the owner of Rs 23 lakh
Fixed deposit rates of some major banks
FD interest rate
- SBI Bank 5.30%
- Axis Bank 5.40%
- ICICI Bank 5.35%
- PNB Bank 5.10%
- HDFC Bank 5.15 %
Rate of interest on lump sum deposit for 3 years + 1 day (fixed deposit rate of the above banks may vary) Banks change the fixed deposit interest rate from time to time
What is better for fixed deposit or share investment?
Making a fixed deposit in a bank or buying shares from the stock market both have their own advantages and disadvantages. For example, if you make a fixed deposit in a bank, then for the next 3 years, you will get an interest rate of above 5%. Will be given on your deposited capital, but if invested in shares of the same bank in the stock market, then it can give very good returns, but there is no 100% guarantee of earning like a fixed deposit in the stock. Also Read: Get Corona Vaccination Certificate on WhatsApp in few seconds. Know the whole process here
Highest interest paying bank on fixed deposits at present
SBI Bank HDFC Bank ICICI Bank There are many other major banks which are giving the highest interest rate on FD. Also Read: Big News Ujjwala Yojana 2.0 : This is how you will get free LPG connection, here is the whole process
Fixed deposit is a safe and reliable investment, along with other investment options, people also make fixed deposits in banks.
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