Fixed Deposits are one such medium among the investment tools without risk, which is still popular among the people who invest. Before choosing an FD scheme, you should definitely check about the offers of different banks and their current interest rates.
New Delhi, Business Desk. Saving is very important for everyone. Saving makes it much easier for us to deal with sudden expenses. But along with saving it is also very important to invest it properly. Fixed Deposits are one such medium among the investment tools without risk, which is still the most popular among the people who invest.
We must calculate our long term and short term financial goals before investing money in Fixed Deposits. FDs prove to be very helpful in meeting short term financial goals. However, keeping money under it over the long term does not give you that much benefit. Because, the interest received under FD comes under tax.
Before choosing an FD scheme, you should definitely check about the offers of different banks and their current interest rates. This will go a long way in helping you choose the right FD plan with maximum returns. Here we are going to tell you about the interest rate available on some such banks.
State Bank Of India(SBI)
The country’s largest bank offers its customers very attractive interest rates on FD accounts. According to SBI’s website, if you deposit your money in Fixed Deposits for 3 years, then you get the benefit of interest rate of up to 5 percent on it. At the same time, if you deposit money for 5 years, you get the benefit of 10 percent interest rate. Whereas, deposits for more than 5 years earn an interest rate of 15%.
Yes Bank FD
You get the benefit of better interest rate by investing in the FD scheme of this leading and leading private bank. In this, you get the benefit of 5 percent interest rate by investing your money for 6 months to 9 months. At the same time, if you invest money from 9 months to 1 year, you get the benefit of 5.25 percent interest rate. Under this investment from 1 year to 3 years, you will get the benefit of 6.25 percent interest rate on the bank while investing for a period of more than 3 years.
Indusind Bank FD
Under the FD scheme of IndusInd Bank, if you invest for 1 year to 2 years, then you get an interest rate of up to 6 percent on it. At the same time, on investing from 2 years to 3 years, this bank gets an interest rate of 6.50 percent to its customers.
