It is always considered the best technique to compare the latest fixed deposit rates among leading banks in India before booking a new fixed deposit or renewing an existing one. The average FD rate In India is 5.5%. As of July 2021, the average fixed deposit interest rates offered for tenors ranging from 7 days to 10 years, for deposits below Rs. 2 crores of major financial institutions, like YES Bank, is 6%. But for NBFCs, the rates are a tad bit higher and hence more lucrative.
You should always look for the best rewarding yet secure investment methods. Therefore, FDs are like the ageless monuments that do not age. They still remain one of the best investment options for an individual in an ever-changing world. Do check out Bajaj Finance for interest rates that exceed the average by a percent or more. Read more about FD rates @ Highest Fixed deposit rates in india 2021
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About Author:Aman is working in the domain of Investment management in one of the top universities. He has published research papers and case studies in Investment and Fixed Deposit marketplace. He is an avid blogger in the domain of Investment management. you can also find him on social networking platforms. Archives
August 2022
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