Bank FD interest rates differ from each bank

Apart from banks, there are lots of other financial institutions that facilitate people to deposit their money in the fixed deposit scheme. Though the bank FD interest rates are comparatively lesser than that of private financial institutions, banks fixed deposits offer you the necessary protection for your investment. One can also avail the facilities of fixed deposits offered by co-operative banks who also offer reasonable bank FD interest rates on fixed deposits. The bank FD interest rates for all the banks are not the same. Each financial institution or a bank that is providing various fixed deposits schemes fixes its individual interest rates. The bank FD interest rates rely on the financial situation of the bank and the circumstances that impact the fund increasing for the institution.

Summary: Normally, the bank FD interest rates on fixed deposit are being paid by the banks once in a month, three months or a year.