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 …
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