Rishabh Grover 23 August 2022

Banks those giving best fd interest rates

hi i made this discussion to get relevant suggestions from you guys

Quick Summary

This discussion explores fixed deposit (FD) interest rates offered by various banks and financial institutions. While traditional banks typically offer rates between 3% and 6%, some non-banking financial companies (NBFCs) are providing significantly higher returns, with examples reaching up to 8.8%. The thread aims to help individuals find the best FD schemes to maximise their savings.

2 Replies

Dr J C Vashista (Advocate) 23 August 2022

What are the facts vis-a-vis legal dispute for consideration and obligation of experts.

tanmaychalke 01 October 2022

Fixed deposits (FDs) are considered a very safe investment option with no risk. One simply has to deposit a specific amount in lump sum in a single instance. On the deposited money the investors get interests. There are several banks that offer FDs. The existing rate of interest with most of the prominent banks prevails around 3% to 6%. However, several non-banking financial companies are also offering FDs with higher interest rates. Firms like Shriram City Union Finance give the best fd interest rate of 8.8% interest. There are several kinds of FD schemes. You can choose any one you wish as per your needs.