Bank term deposits (FDs) continue to be popular investment products not only among seniors seeking guaranteed income, but also among risk-averse investors. But overexposure to FDs is not good, and you need to assess your asset allocation and goals to decide how much money you should put into it. For example, saving for your child’s college education in 15 years through FDs may not be effective because the after-tax interest rate of an FD may not give you a real return (return above the rate of interest). ‘inflation), but if you’re planning on taking a vacation in two years, an FD can help. Before choosing an FD, you should compare the interest rates offered. Here is a list of banks that offer the highest FD rates for deposits up to ₹ 1 crore on various money orders.
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Compare your FD bank rates
Source link Compare your FD bank rates