Top Latest Fixed Deposits Schemes in Banks

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Fixed Deposits (FD) is a financial instrument provided by banks which provides investors with a higher rate of interest than a regular savings account, until the given maturity date.

Fixed Deposits with a maturity of not less than 5 years shall be eligible for deduction up to Rs. 1,50,000 under Section 80C of the Income Tax Act.

 

Top Three Bank  Fix Deposits (FDs)

Tenure 1 year Interest rate (%) compounded qtrly What Rs. 10,000 will grow to
IDFC Bank 7.5 10,771
RBL Bank 7.7 10,761
City Union Bank 7.1 10,729
2 years
RBL Bank 7.5 11,602
IDFC Bank 7.25 11,545
DCB Bank 7.15 11,523

 

Tenure 3 years Interest rate (%) compounded qtrly What Rs. 10,000 will grow to
RBL Bank 7.35 12,442
DCB Bank 7.2 12,387
IDFC Bank 7.2 12,387
5 years
RBL Bank 7.35 14,393
DCB Bank 7.2 14,287
IDFC Bank 7.2 14,287

Top three senior citizen bank FDs

Tenure 1 year Interest rate (%) compounded qtrly What Rs. 10,000 will grow to
RBL Bank 7.9 10,814
Induslnd Bank 7.65 10,787
Yes Bank 7.6 10,782
2 years
RBL Bank 8 11,717
IDFC Bank 7.75 11,659
DCB Bank 7.65 11,636

 

Tenure 3 years Interest rate (%) compounded qtrly What Rs. 10,000 will grow to
RBL Bank 7.9 10,814
DCB Bank 7.7 12,571
IDFC Bank 7.7 12,571
5 years
RBL Bank 7.85 14,751
DCB Bank 7.7 14,642
IDFC Bank 7.7 14,642

 

Top five tax-saving bank FDs

Tenure 5 years & above Interest rate (%) What Rs. 10,000 will grow to
RBL Bank 7.85 14,751
DCB Bank 7.7 14,642
IDFC Bank 7.7 14,642
Yes Bank 7.10 14,217
Karur Vysya Bank 7 14,148

Source : The Economic Times, Date 15 Aug 2017.

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