This article summarizes the latest fixed deposit rates offered by the banks. The list provides only the five banks for each category. Fixed deposit is one of the ever green investment option for most of the investors. It is most safest investment compared to other equity related investments. If you are not ready to take risk and happy with the moderate return, then fixed deposit would be the right option. In the current scenario, fixed deposit rates or not in the peak. Last week RBI has reduced the key policy rates. Last week one of the leading bank in India, Canara Bank has increased the fixed deposit interest rates. Following that, many banks are planning to change the interest rates of the deposit. Following table represents the latest interest rates offered by the banks.
In my earlier articles I have published many articles related to the fixed deposit and the tax savings options in the fixed deposit. If you are new reader to this blog, here I would like to summarize few of the popular posts which would be useful you to make the decision. For example, TDS is one of the most debated topic in the fixed deposit investment option. If you are investing the bulk amount into deposit, then you must be prepared to pay tax for the income arise out of you deposits. The following are the articles which provides the direction to save tax on your deposit:
- Minimizing TDS on your fixed deposit
- Top 6 Rules for TDS on Fixed Deposit
- What you should know about Form 15g and Form 15H?
The above articles would have provided the sufficient information on TDS on FD and how you can save them by smartly investing on FDs. In the same way, you can use fixed deposit for the tax savings:
- Tax Savings on Term Deposit under Section 80c
- Interest on Tax Savings Term Deposit
- Tax Saving Fixed Deposit u/s 80C
If you have any questions related to investing on the fixed deposit, please feel free to write in the comments section. You can subscribe here to get the latest information on fixed deposit rates and other tax savings option for your investments. Thank you for reading my blog!!