New Delhi: Bank fastened deposits (FDs) are nonetheless a preferred funding choice, not solely amongst retirees in search of a gradual stream of revenue, but additionally amongst risk-averse buyers. Over-exposure to FDs, then again, isn’t factor, and it is best to consider your asset allocation and targets earlier than deciding how a lot cash to place in them.
For instance, utilizing FDs to save lots of on your kid’s training that’s 15 years away might not be profitable as a result of the post-tax rate of interest of an FD might not provide you with an actual return (return above the speed of inflation), however an FD might help if you wish to take a trip in two years.
Compare the rates of interest on provide earlier than deciding on an FD. The banks with the very best FD charges for deposits as much as Rs 1 crore over varied tenures are listed beneath.
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