Latest FD interest rates compared: ICICI Bank vs HDFC Bank vs Yes Bank1 min read 16 May 2019, 10:24 AM IST
Top lenders like ICICI Bank, HDFC Bank, Axis Bank and others offer FDs starting from 6 months up to above 5 years
Remember that interest earned from FDs gets added to your total income and is accordingly taxed at your slab rate
Bank fixed deposits (FDs) continue to be popular investment products not just among senior citizens, who are looking for guaranteed income, but also among investors who can’t stomach risk or simply don’t have the wherewithal to invest in other asset classes like mutual funds. In a sense, FDs are simple comfort food on a menu comprising investment products with complicate recipes.
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