Which is the safest fixed deposit in India?
Table of Contents
Which is the safest fixed deposit in India?
Fixed Deposit Interest Rates
| Bank name | Tenure | Interest rate (\%) per annum |
|---|---|---|
| IDFC Bank | 91 days to 180 days | 6.75 |
| Kotak Mahindra Bank | 181 to 363 days | 6.5 |
| SBI | 180 to 210 days | 6.35 |
| Axis Bank | 6 months to 8 months 29 days | 6.25 |
Which fixed deposit is best in India?
List of 10 best FD schemes for 3 years
- Fincare Small Finance Bank. Fincare offers attractive rates of interest on the 3-year tenure.
- KTDFC. A lucrative rate of 6.00\% p.a. is paid for term deposits opened for a period of 3 years.
- Shriram City.
- Mahindra Finance.
- Sundaram Finance.
- LVB.
- Equitas Small Finance Bank.
- Yes Bank.
Which scheme is better than FD?
Debt funds are tax-efficient as compared to fixed deposits. The interest from bank fixed deposits are added to your taxable income and taxed as per your income tax bracket. The capital gains after holding debt funds for a time period under three years are called short-term capital gains (STCG).
Which scheme will gives highest rate of interest?
Comparison table
| Scheme | Duration | Rate of Interest* |
|---|---|---|
| NSC | 5 years | 6.8\% p.a. |
| Post Office Monthly Income Scheme | 5 years | 6.6\% |
| Senior Citizens Savings Scheme | 5 years | 7.4\% p.a. |
| Kisan Vikas Patra | 124 months (10 years and 4 months) | 6.9\% p.a. |
Which bank in India gives highest interest?
Fixed Deposit Interest Rates by Different Banks
| Bank | Tenure | Interest Rates for General Citizens (per annum) |
|---|---|---|
| HDFC Bank | 7 days to 10 years | 2.50\% to 5.50\% |
| Axis Bank | 7 days to 10 years | 2.50\% to 5.75\% |
| Union Bank of India | 7 days to 10 years | 3.00\% to 5.60\% |
| Canara Bank | 7 days to 10 years | 2.95\% to 5.50\% |
Is Shriram Finance FD safe?
STFC FD is rated FAAA/Stable by CRISIL and MAA+ with Stable Outlook by ICRA. These ratings indicate high credit quality which in turn means a higher degree of safety.
What is the interest of 1 lakh in SBI?
Interest Rates on Savings Bank Deposits
| Savings Bank deposit slabs | Existing Rate of Interest |
|---|---|
| SB Deposit accounts with balances upto Rs. 1 lakh | 2.75\% p.a |
| SB Deposit accounts with balances above Rs. 1 lakh | i) 2.75\% p.a. for balance upto Rs. 1 lakh ii) 2.75\% p.a. for balance above Rs. 1 lakh. |
Which bank gives highest interest on fixed deposit?
Axis Bank offers the highest FD interest rate of 5.75\% p.a. which is for a tenure of 5 years and above for the general public. For senior citizens, the interest rate is up to 6.50\%. The second highest interest rate is 5.50\% p.a. which is offered by HDFC Bank for a tenure of 5 years and above.
Which bank is paying the highest interest rate on fixed deposit?
Fixed Deposit Interest Rates by Different Banks
| Bank | Tenure | Interest Rates for General Citizens (per annum) |
|---|---|---|
| ICICI | 7 days to 10 years | 2.50\% to 5.50\% |
| Punjab National Bank | 7 days to 10 years | 3.30\% to 5.25\% |
| HDFC Bank | 7 days to 10 years | 2.50\% to 5.50\% |
| Axis Bank | 7 days to 10 years | 2.50\% to 5.75\% |
What is FD interest rate in HDFC?
HDFC Bank FD Interest Rates for Domestic Below Rs. 2 crore
| Period | General Public Rates (p.a.) | Senior Citizens Rates (p.a.) |
|---|---|---|
| 91 days to 6 months | 3.50\% | 4.00\% |
| 6 months 1 day to 9 months | 4.40\% | 4.90\% |
| 9 months 1 day to less than 1 year | 4.40\% | 4.90\% |
| 1 year | 4.90\% | 5.40\% |
Which is the best fixed deposit scheme for children in India?
Fixed Deposit Schemes in India for Children 1 PNB Balika Shiksha Scheme. This is a fixed deposit scheme offered by PNB. 2 Allahabad Bank Sishu Mangal Deposit Scheme. This is one of the oldest schemes which was started in the year 1988, specifically for the welfare of children. 3 Fixed Deposit under Guardianship for Minors.
Are fixed deposits (FDS) in India Safe?
This is a life insurance scheme created by the government of India. In case of death of the insured, it offers the nominee up to Rs.2 lakh. It features an annual premium of Rs.330. Amid all these saving schemes, fixed deposits stand out as safe and reliable investments, where investors get guaranteed returns on maturity of their FDs.
Can a minor open a fixed deposit in India?
Under this scheme, any child aged between 1-15 years, who is a citizen of India, is eligible. The interest is paid on the amount till the maturity of the plan. Many banks allow a minor to open a Fixed Deposit provided their guardian holds the maintenance rights to the scheme. Mentioned below are the same:
Which is the best FD rate for senior citizens in India?
They also offer non-cumulative term deposits for which the 3-year tenure interest rate is 8.15\% p.a. for the general public and 8.55\% p.a. for senior citizens 4. Mahindra Finance The best FD rate is offered for the Samruddhi Cumulative Deposit scheme, where the rate of interest is 6.30\% p.a. with regard to general citizens