INSUBCONTINENT EXCLUSIVE:
Bank fixed deposits (FDs) are best suited for investors with low risk appetite, say financial plannersMany individuals prefer investing
their money in fixed deposits (FDs)
From a perspective of maximising the return on one's surplus money, this may not be an impressive move
Investment in a bank FD or fixed deposit entails fixed, pre-determined returns over a certain lock-in period
Although most banks today do offer FDs with the provision of early withdrawal, doing so with an equity-related investment - such as
investment in mutual fund - opens the possibility of earning a higher return
But with higher returns comes added risk, say financial planners
Bank FDs are best suited for investors with low risk appetite, they add
Most leading banks today, from public sector State Bank of India (SBI) to private sector peers HDFC Bank and ICICI Bank, offer an interest
rate ranging from 6.6 per cent to 7.35 per cent on fixed deposits of a one-year term, according to an analysis of interest rates displayed
28.05.2018Interest rate for senior citizens w.e.f
28.05.20187 days to 45 days5.756.2546 days to 179 days6.256.75180 days to 210 days6.356.85211 days to less than 1 year6.46.91 year to less
than 2 year6.657.152 years to less than 3 years6.657.153 years to less than 5 years6.77.25 years and up to 10 years6.757.25(Source:
days4.254.7530 days to 45 days5.5646 days to 60 days5.756.2561 days to 90 days66.591 days to 120 days66.5121 days to 184 days66.5185 days to
289 days6.256.75290 days to less than 1 year6.571 year to 389 days6.67.1390 days to 2 years6.757.252 years 1 day upto 5 years77.55 years 1
day upto 10 years77.55 Years Tax saver FD(Max upto Rs
Interest (% p.a.) w.e.f July 6, 2018TenureInterest rate for general publicInterest rate for senior citizen7 - 14 days3.50%4.00%15 - 29
days4.25%4.75%30 - 45 days5.75%6.25%46 - 60 days6.25%6.75%61 - 90 days6.25%6.75%91 days - 6 months6.25%6.75%6 months 1 day- 6 months 3
days6.35%6.85%6 months 4 days6.35%6.85%6 months 5 days- 9 months6.40%6.90%9 months 1 day- 9 months 3 days6.40%6.90%9 months 4
days6.40%6.90%9 months 5 days - 9 months 15 days6.40%6.90%9 months 16 days6.40%6.90%9 months 17 days < 1 Year6.40%6.90%1 Year6.85%7.35%1
year 1 day - 1 year 3 days6.65%7.15%1 year 4 days6.65%7.15%1 year 5 days - 1 Year 15 Days6.65%7.15%1 Year 16 days6.65%7.15%1 year 17 days -
years7.00%7.50%5 Years 1 Day - 8 Years6.00%6.50%8 Years 1 Day - 10 Years6.00%6.50%(Source: hdfcbank.com)Axis BankPeriodInterest rates (% per
axisbank.com)(: Recurring Deposit (RD) Interest Rates Of These Banks Are As High As 9%)
