The Shriram Transport Finance Company Limited has a fixed deposit rate that slightly rivals that of PNB Housing and comes in at position four.
It has decreased the space between bulk deposits and high yielding retail deposits to 175bps, earlier it was 200bps.Though the return on the deposits are less as compared to stocks and equities, ones investment stays very secure.Moreover, one can earn the highest rate of interest.70 per annum for an FD with a tenure between 2 years and 5 years.Interest rates offered on deposits below Rs 1 crore are more than those offered on deposits above Rs 1 crore for most of the banks.In cases where the tax liability is more than the TDS, the account holder will have to pay the excess.This FD is a perfect option for retirees or those who are on pensions as it works as an additional source of income.Minimum deposit amount can be as low as Rs 100.For 60,90, and 120 days the fixed deposit rate in SBI.5.Since the interest rates offered are comparatively higher than that of savings or current accounts, fixed deposits become a more lucrative investment option for the traditional investor.Considering the fact that the FD has fixed terms, the interest compounding poker bücher für turniere becomes rather simple with the interest payment frequency bonus dice special edition letöltése ingyen as one of the prime variable components.Find out more.Bandhan Bank comes in at sixth with several fractions lower of a percentage.With this release the funds in the cash reserve reduces and hence again affects Fixed deposits, loans etc.1000 and there is no upper limit.
Reinvestment Plan, one can gain the maximum return out of their FDs with a reinvestment plan.
RBL Bank pays depositors who are aged 60 years and above in the range.15.a.
This is very similar to a normal FD but it comes with a minimum lock in period of 5 years.
1 cr to 10 crs (As on Nov 24, 2016).
Indian Post Office manages to climb into the top five in this category being at the fourth position and the list closes with LIC Housing Finance Limited.