Fixed Deposit (FD) Interest Rates Of Public, Private Banks Compared

Fixed Deposit (FD) Interest Rates Of Public, Private Banks Compared

The tenure of an FD ranges from seven days to 10 years. Bank fixed deposits (FDs) are fixed income instruments which offer fixed returns for a pre-determined specific period of time. Bank FDs are meant for people who are looking for guaranteed returns, unaffected by market uncertainties, say analysts. These accounts require customers to deposit a lump sum amount for a rate of interest that is higher than savings accounts. The tenure of an FD ranges from seven days to 10 years. FDs with lock-in periods of five or 10 years offer income tax benefits under Section 80 C […]

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