Indian banks have been on a rise not in terms of just profit but making people attract towards them as well. This is made possible just because they have made risen the fixed deposit rates over the past couple of years. Rates have been increased to a good number and are ranging these days in the 7% to 12% value and this in indeed a very good number considering the fact that savings accounts are not giving that much profit as compared to the fixed deposit accounts.
So the only thing you need to do is to do a comparison making use of some comparators tools that could be either the online calculator named by fixed deposit calculator or anything that could make you to figure out which bank is offering the higher interest rate for the fixed deposit accounts. Make sure you deploy these devices before you get to link with the bank that you are thinking to open the fixed deposit account with. The fixed deposit rates are on a higher side and have been giving out a good number these days and this has been made possible just because people have shown good interest in this sort of category of fixed deposit account category.
Banks in India vary in the fixed deposit rates based on if it is the private or the nationalised one. So you need to figure out if you should go with the one that offers a safe and secure deposit for a good amount of years and obviously nationalized bank would be able to provide the same to you. Starting out with a minimum of thousand Indian rupees and that can go up to a number of fifteen lakhs where you will be earning a good amount of interest rates, it is a very good number and would help you to make good money on the maturity of the account.
Summary: Fixed deposit rates have been on a rise just because people have shown good interest in this category of investment in banks.
1 comment:
This is totally a true reason that peoples interest increased towards the bank investments because of bank interest rates .And i think its a really good thing for banking industry.
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