Give your Funds a chance to increase. Invest in a Fixed Deposit.
A given General of money is invested through an FD for a specific General of time at a specific rate of interest. Even though it typically exceeds the interest paid on savings accounts, the rate of interest varies from financial institution to financial institution.
Banks and non-banking financial institutions (NBFC) provide their customers with fixed deposits, often known as FDs, as a form of investment.
Fixed deposits are offered for a variety of lengths, from 10 years to relatively short terms (7 to 14 days). Term deposits and fixed deposits are both used interchangeably.
Time Tenure
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Period of DepositGeneralSr. Citizen
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90 Days to 180 Days6%6%
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181 Days to 270 Days7%7%
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270 Days to 365 Days8%8.25%
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1 Year to Less than 2 Year9%9.5%
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2 Year & 3 Year9.50%9.50%
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3 Year & 5 Year10%10.25%