New Fixed Deposit Scheme, ING FD+ launched by ING Vysya bank

A new fixed deposit scheme is launched by ING Vysya Bank which offers higher interest rate of up to 9.5 per cent per annum on deposits of one year.

ING FD+ is applicable for deposits of Rs. 15 lakh and partial withdrawal of deposit in units of Re 1 is also available to customers as per their requirements.

According to scheme, customers can also link their deposits to their savings account and activate automatic sweep of funds from FD, when required. Hence, cash can be withdrawn from ATMs or cheques in case of shortfall in the savings account.

Uday Sareen, Country Head - Retail ING Vysya Bank said: "You may avail the product through a simple SMS, access money from your FD from an ATM, and not get penalized for any premature withdrawals."

Fixed deposits rates have grown over the years

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.

Use FD interest calculator to decide which scheme to choose

With various banks revised their FD interest rate over the years, people have once again started investing in the same. You can go and visit any bank’s application or website and see what interest rates they are offering for fixed deposits. There are many banks which are offering from a low a 6 % to as high as 10 % on fixeddeposits depending on for how much period you have applied to this scheme.


Above all there is FD interest calculator available nowadays that can help you to decide on which scheme will benefit you and provide you maximum amount of returns on your money invested. Likewise, go with such a bank and read all the documentation carefully. Such calculators behave like a easy to access tool where in you just need to fill in basic fields.


Summary: FD interest calculator helps the people to decide on which FD scheme one should go for.

Fixed deposit calculator – Quick guide to go with the correct bank

The devices and tools like calculator has reduced the human errors involved while doing massive calculations. Similarly you can make use of such calculators’ to calculate your fixed deposit amount as well. Fixed deposit calculator is nowadays provided by each of the banks on their website as well as other online portals too so that you can get to know about their services in brief. This way you can compare with different banks and decide on which bank is offering the highest interest rate on fixed deposits in a minimum amount of time.

Go to any bank’s website and explore different fields to fill in as per your interest like the number of years you want to avail the fixed deposits scheme and see how much you can make out of the amount invested.

Summary: Fixed deposits calculator can give you a quick comparison for different banks and you can easily go with the one offering higher amount in minimum amount of time.

Fixed deposit rates-A safe route to investment

There are plenty of options available nowadays to secure your money for the future times but the one that is been prevalent from the very first day and is every shining is fixed deposit. Several banks have offer attractive baits nowadays to allure the consumers with high fixed deposit rates but to go with the one that offers high interest rate in a minimum amount of time would obviously be one should be looking for. Also read and study the terms and conditions of each and every bank before finalising the deal. It is necessary to understand the lock-in periods and all those terminologies involved with the same.

There may be banks which are offering up to 10% fixed deposit rates nowadays with a time frame between 1 to 3 years. Explore such options and this is always considered to be a safe mode of investment.

Summary: Fixed deposit rates may vary very minor with the banks and is considered one of the useful investments.

Scheme that doubles the initial amount from State Bank of Hyderabad

The deregulation of the savings account rates has prompted the lenders to look for alternatives and innovations in order to attract customers to invest with them. In a similar effort State bank of Hyderabad has come up with a lucrative deposit scheme under which the deposited amount doubles itself in the shortest period of time.

Furthermore, the premature penalty gets waived if the customer wants to withdraw the deposited amount after a period of 60 months and even loan facility is available against the deposited amount. The scheme is available at all the branches of State Bank of Hyderabad with a minimum deposit amount of Rs. 10,000.

The deposit scheme yields 13.84% for general citizens and 14.56% for senior citizens.

Choose maturity period of fixed deposit scheme very carefully

Deposit rates are the safest and most convenient mode of investment for commoners as there is not much risk involved in the investing money under fixed deposits. The only risk is when the bank defaults but even under such circumstances an investor can be sure to receive a return of up to Rs. 1 lac this much amount is insured and hence is default proof.

While making investments under fixed deposits an investor has various choices, there are various maturity periods available under which a person can invest. The interest rate offered at various maturity periods is different and generally for lower maturity periods it is higher.

Apart from that banks also offer special schemes under where for a special maturity period the interest rate offered is comparatively higher than the other corresponding maturity period. So, it is very important for an investor to choose the maturity period of his term deposit scheme after proper consideration in order to avail maximum benefits.