These days when there is a good competition between every bank as well, the fixed deposits rates has seen an enormous growth over past couple of years. These days you can go in a bank and open the fixed deposit account with a mere of thousand rupees and the tenure of such account can range anywhere between 7 days to 10 years. The rate of the fixed deposits starts from a mere 6% and goes up to a high rise of 10%.
Everything depends on how much tenure you will be keeping your account lively and accordingly the bank will keep giving the interest on the amount deposited by you. Study each and every bank and compare the fixed deposits rates for the same and explore which one suits best to your pocket.
Summary: Fixed deposits rates are on an all time high thereby benefiting the customer on a whole.
1 comment:
This is really true that today interest rates on fixed deposit rates are really in high but what about
Recurring Deposit account rates i want to know more about this type of deposit.
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