FD: Open Fixed Deposit - Up to 9.20%* p.a. Best Interest Rates | Shriram Finance (2024)

FAQs

What is a good interest rate for FD? ›

Federal Bank offers the Fixed Deposit (FD) scheme at interest rates ranging from 3.00% p.a. to 7.40% p.a. The tenure of the FD account ranges between 7 days and 10 years. Apart from Indian residents, the bank offers the scheme for Non-Resident Indians (NRIs) as well.

It is one of the safest investment plans among all the options available. Market fluctuations do not affect an FD because the interest rate is predetermined and does not change till after the maturity of the deposit. Start your investment journey with a Shriram Fixed Deposit.

Unity Small Finance Bank offers interest rates of up to 9% per annum to its general customers and up to 9.5% per annum to senior citizens. These rates are applicable on tenures ranging from 7 days to 10 years. Unity Small Finance Bank is a scheduled commercial bank, recognised by the Reserve Bank of India.

Bajaj Finance offers attractive FD rates up to 8.65% p.a.

The highest rate of interest of 7.25 percent is given by Punjab National Bank to regular depositors on 3-year deposits, and 7.75 percent to senior citizens. ICICI Bank and Axis Bank recently revised their fixed deposit (FD) interest rates.

Yes, Mahindra Finance is safe for FD. It has FAAA Crisil Rating.

If you have invested your money with a bank, it is more than likely safe. The Reserve Bank of India (RBI) has made deposit insurance compulsory for all banks.

Unity Small Finance Bank offers FD interest rates ranging from 4.50% to 9% for tenures maturing between 7 days and 10 years to general citizens. The highest interest rate of 9% is offered on FDs maturing in 1001 Days. The rates are effective from October 9, 2023.

Which bank gives 12 percent interest? ›

Impossible! No bank whether public or private will offer you interest at 12% now-a-days. At the maximum u can get 7.75% interest and that too if u r a sr. Citizen.

A credit card APR below 10% is definitely good, but you may have to go to a local bank or credit union to find it. The Federal Reserve tracks credit card interest rates, and an APR below the average would also be considered good.

When does the bank not deduct TDS. If your interest income from all FDs with a bank is less than Rs.40,000 in a year, the bank cannot deduct any TDS. The limit is Rs.50,000 in the case of a senior citizen aged 60 years and above. It is governed by section 194A of the Income Tax Act.