If you are also thinking of investing in a fixed deposit (FD) plan, then you should wait a bit. Because banks and other lending companies are now going to increase the loan against FD, you can get more interest on it.
If you are also thinking of investing in a fixed deposit (FD) plan, then you should wait a bit. Because banks and other lending companies are now going to increase the loan against FD, you can get more interest on it. However, you are still being given a higher rate of interest in this. Let us know which bank is giving you how much interest.
These banks are offering high interest rate
Investing in bank FDs can be a good option, but investment customers should be careful. On the other hand, if you are planning to make a safe investment, then you can invest in some major banks.
ICICI Bank pays an interest of 2.5 percent to 5.5 percent on FDs. On the other hand, if we talk about State Bank of India, then it is giving 2.9 percent to 5.4 percent interest.
Apart from this, if you are thinking of investing in HDFC Bank, then it will give you an interest of 2.5 percent to 5.5 percent. Similarly, Punjab National Bank gives you an interest rate of 2.9 percent to 5.7 percent.
Interest rates will increase from January It is
believed that interest rates may increase from January. HDFC Bank, the largest private sector bank, has increased interest rates on select time FDs. These new rates have come into effect from December 1. According to the bank’s website, the interest rate on FDs ranging from 2.50% to 3.5% on deposits with tenures of 6 months will be available.
Senior citizens will get more benefit
According to the bank, half percent more interest will be available for senior citizens. If common people are getting 3% interest then senior citizens will get 3.5% interest. Similarly, other banks will also give you the benefit of interest rate.
