Is IndusInd Bank safe for FD?
Currently, IndusInd Bank offers FD rates up to 6.50%. The interest rates offered on IndusInd Bank FD is not only assured but also way higher than a savings account. Thus, IndusInd Bank term deposit is safe and secure, as the funds are backed by the government no matter what the current situation of the Bank is.
Which SBI FD is best?
The highest FD interest for SBI is 6.75% for regular accounts and 7.25% for Senior Citizens, only for the Fixed Deposits with tenure of minimum 5 years.
Which HDFC FD is best?
Comparison of FD Rates by Top 10 Financial Institutes
|HDFC Bank||5.50%||5 years 1 day to 10 years|
|ICICI Bank||5.50%||5 years 1 day to 10 years|
|IDBI Bank||5.70%||7 years 1 day to 10 years|
|State Bank Of India||5.40%||5 years to 10 years|
Is STFC FD safe?
STFC FD is rated FAAA/Stable by CRISIL and MAA+ with Stable Outlook by ICRA. These ratings indicate high credit quality which in turn means a higher degree of safety.
Which bank FD rate is high 2020?
IndusInd Bank is the topmost bank for 1 year FD as it offers the highest interest rate of 7.00% on deposits of this tenure.
Can we break FD online IndusInd Bank?
Any type of tax-saver FD cannot be withdrawn prematurely i.e. you cannot withdraw the amount before a lock in period of 5 years. Loan and Overdraft facility is not available against tax-saver FDs.
Is SBI bank safe for FD?
State Bank of India popularly known as SBI, the largest government bank of India is most trustworthy when it comes to the safety of deposits. SBI FD interest rate ranges between 2.90% to 5.40%. SBI FD is also a good choice if one is looking for a safe senior citizens savings Scheme with rates starting at 6.20%.
Which is better FD or PPF?
FD is better than PPF because of its more flexible attributes and it is better than RD because it offers higher interest rates. Among RD, FD and PPF the best instrument for investing your money is different for every customer. A PPF has a limit of deposit of Rs. 1.5 lakh per year.
Is HDFC FD safe?
Fixed Deposits up to Rs. 1 lakh are insured with the Deposit Insurance and Credit Guarantee Corporation of India (DICGC). This makes it an insured asset to have. Fixed Deposit interest, only attracts TDS if the interest payable or reinvested on RD and FD per customer across all branches, exceeds Rs.