Fixed deposits have long been a preferred investment option for Indians, offering a sense of security, especially with public sector banks. FDs with PSU banks are considered the safest, followed by private scheduled banks and small finance banks, which offer higher interest rates but carry greater risks. RETURNS THAT BARELY KEEP UP While FDs provide fixed interest rates, their real …
While different banks have different penalty rates, the fee typically ranges between 0.5 and 1 percent of the interest Fixed Deposits are one of the most sought-after investment options. While different banks have different penalty rates, the fee typically ranges between 0.5 and 1 percent of the interest. Here is what the penalty fee of some leading banks on early …
Fixed Deposit, in general, is the first step towards building a corpus where your hard earned money is locked-in for a certain period and earns reasonable returns. Top banks like the State Bank of India, HDFC Bank, ICICI Bank and IDFC First Bank offer short-term as well as long-term deposits to account holders. Post office term deposit schemes are similar …
Most likely our parents and even most of us grew up partly on a diet of bank deposits, fixed deposits and insurance policies. Of course, we shall largely compare bank FDs with debt funds to make the comparison meaningful. This is a unique advantage that the debt funds enjoy over the bank FDs. Debt funds are increasingly emerging as a …
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