- +91 7503020114/15/16/17
-
.png)
.png)
A fixed deposit, or 'FD', is a type of savings/investment account that promises the investor a fixed rate of interest. In return, the investor agrees not to withdraw or access their funds for a fixed period of time. In a fixed deposit investment, interest is only paid at the very end of the investment period.
| Banks | FD Interest Rates | Tenure |
| SBI | 2.90% – 5.40% | 7 days to 10 years |
| Canara Bank | 2.95% – 5.30% | 7 days to 10 years |
| HDFC | 2.50% – 5.50% | 7 days to 10 years |
| PNB Housing Finance | 6.20% – 6.70% | 12 months to 120 months |
| ICICI Bank | 2.50% – 5.50% | 7 days to 10 years |
| Axis Bank | 2.50% – 5.50% | 7 days to 10 years |
| IDFC First Bank | 2.75% – 5.75% | 7 days to 10 years |
However, post office term deposits are totally risk-free as they are backed by the government. Bank FDs are insured only up to R1 lakh. If you are looking for a safe investment, bank FDs are suitable for you.
© 2020 Gera Wealth. All rights reserved.
Risk Factors – Investments in Mutual Funds are subject to Market Risks. Read all scheme related documents carefully before investing. Mutual Fund Schemes do not assure or guarantee any returns. Past performances of any Mutual Fund Scheme may or may not be sustained in future. There is no guarantee that the investment objective of any suggested scheme shall be achieved. All existing and prospective investors are advised to check and evaluate the Exit loads and other cost structure (TER) applicable at the time of making the investment before finalizing on any investment decision for Mutual Funds schemes. We deal in Regular Plans only for Mutual Fund Schemes and earn a Trailing Commission on client investments. Disclosure For Commission earnings is made to clients at the time of investments. Option of Direct Plan for every Mutual Fund Scheme is available to investors offering advantage of lower expense ratio. We are not entitled to earn any commission on Direct plans. Hence we do not deal in Direct Plans.
AMFI Registered Mutual Fund Distributor | ARN-147697 | Date of initial Registration: 12th June 2018 | Current validity of ARN-147697: 11th June 2027.
