Fixed Deposit: Bank or Post Office? Know where is getting more interest on FD?

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Fixed Deposit (FD): If you are planning to get FD, then keep these 5 things in mind including laddering and short term FD, it will benefit more
Fixed Deposit (FD): If you are planning to get FD, then keep these 5 things in mind including laddering and short term FD, it will benefit more

Fixed Deposit- If you want to do FD, you can do it in banks, post offices and non-banking financial institutions in India, but the question is, who are giving better returns.


New Delhi. If you are also looking for a safe investment, then the news is of your use. Today we are telling you about those investments where there is no risk of any kind and it can prove to be a better option than your FD i.e. Fixed Deposit.

If you want to do FD, then you can do it in banks, post offices and non-banking financial institutions in India, but the question is, who are giving better returns.

This is a good option

Bajaj Finance can prove to be a good option in terms of better returns. The reason for this is that more interest is getting here. Along with this, many types of facilities are also being provided here. If you want to invest for long term, then it can prove to be your better option.

In terms of interest, Bajaj Finance is giving more interest to its customers on FD than post offices and banks. At present, interest in Bajaj Finance is available from 5.65 to 6.60 percent for 1 year up to 5 years. Whereas for senior citizens it is 5.90 to 6.75 percent.

How much interest is being received in banks,

whereas in banks from 7 days to 10 years, 5.30 to 6.50 percent interest is being received. On the other hand, senior citizens get 5.80 to 6.50 percent interest in the same period. Similarly, the post office is providing 5.50 to 6.70 percent interest for 7 days to 5 years. At the same time, for senior citizens, 5.50 to 6.70 percent interest is available in the same period.


Keep these things in mind before making FD

1. Check the tenure of FD. The interest rate of an FD is linked to its tenure.
2. View the interest rate. At present, FD interest rates are around 6.7 per cent and senior citizens get 0.25 per cent more interest.
3. Check whether the loan facility is there or not.
4. All FDs are good but not all financial institutions. In such a situation, before opening an FD account, definitely check the features and value-added services of the financial institution.