FD Interest Rate: Up to 8.1% interest is available on FD of 1 to 3 years in these banks, see details

FD Interest Rate: The Reserve Bank of India (RBI) has not cut the repo rate. After this you have a chance to get great interest on FD. Most of the big banks of the country are giving interest up to 8.1% on FD of 1 to 3 years. By taking advantage of this opportunity you can get excellent returns. Let us take a look at which banks are offering how much interest on FD.

Add businessleague.in as a Preferred Source

FD Interest Rate: Choose FD laddering for maximum returns

If you want higher returns on FD then choose FD laddering. Under this, you divide your total investment amount into several FDs with different maturity periods. Instead of investing all your funds in a single FD, you create a series of FDs with different maturity periods. Fixed deposit laddering strategy is an investment technique that involves dividing a lump sum amount into multiple FDs with different maturity periods. Instead of investing the entire amount in a single deposit, investors allocate it across multiple deposits with different maturity periods. In this way, it is ensured that you get higher returns on FD.

Also Read-

• How to open MIS account giving 7.4% interest in post office? Know step by step process here
  
• Can personal loan be transferred to another person? Know what the rules are
  
• New Visa Rules: This country has tightened visa rules, now it will be difficult to get a job abroad, Details here

Add businessleague.in as a Preferred Source