Which bank gives highest interest rate on short-term FD?
Table of Contents
- 1 Which bank gives highest interest rate on short-term FD?
- 2 Which bank is best for fixed deposit for long term?
- 3 Can I FD for 6 months?
- 4 Which bank gives best FD rates in India?
- 5 What is the difference between long-term and short-term FDS?
- 6 What is the maximum duration for long-term deposits in India?
Which bank gives highest interest rate on short-term FD?
Given below are the interest rates offered on short-term deposits by top banks:
| Bank | Regular FD Rate (per annum) | Senior Citizen FD Rate (per annum) |
|---|---|---|
| SBI | 5.75\% to 6.40\% | 6.25\% to 6.90\% |
| Axis Bank | 3.50\% to 6.50\% | 5.50\% to 6.90\% |
| ICICI | 4.00\% to 6.50\% | 4.50\% to 7.00\% |
| Citibank | 3.00\% to 5.00\% | 3.50\% to 5.50\% |
Which bank is best for fixed deposit for long term?
Interest rates offered on long-term deposits
| Top bank FD interest rates for 10-year deposits | ||
|---|---|---|
| Bank | Regular FD Rate (per annum) | Senior Citizen FD Rate (per annum) |
| Axis Bank | 6.90\% | 7.40\% |
| ICICI | 6.50\% | 7.00\% |
| SBI | 6.50\% | 7.00\% |
Which investment is best for short-term in India?
The best short-term investment options available in India are
- Fixed deposit.
- Ultra-short-term funds.
- Liquid funds.
- Recurring deposits.
- Short-term debt mutual funds.
- Fixed maturity plan.
- Floating rate mutual funds.
Can I FD for 6 months?
The Interest earned on a bank FD with a tenure of less than 6 months, is calculated at simple interest and is considered on the number of days. The minimum tenure of your bank FD can be as low as 7 days.
Which bank gives best FD rates in India?
Fixed Deposit Interest Rates by Different Banks
| Bank | Tenure | Interest Rates for General Citizens (per annum) |
|---|---|---|
| HDFC Bank | 7 days to 10 years | 2.50\% to 5.50\% |
| Axis Bank | 7 days to 10 years | 2.50\% to 5.75\% |
| Union Bank of India | 7 days to 10 years | 3.00\% to 5.50\% |
| Canara Bank FD | 7 days to 10 years | 2.90\% to 5.25\% |
What are the best short-term investment options available in India?
The best short term investment options available in India are: 1 Fixed Deposit 2 Ultra-Short-term Funds 3 Liquid Funds 4 Recurring Deposits 5 Short-Term Debt Mutual Funds 6 Fixed Maturity Plan 7 Floating Rate Mutual Funds More
What is the difference between long-term and short-term FDS?
When it comes to choosing between long-term FDs and short-term FDs, it is important to delve deep into their basic differences. While long-term fixed deposits are built along the same lines as regular fixed deposits, they offer greater liquidity and higher returns.
What is the maximum duration for long-term deposits in India?
The maximum duration for long-term deposits is 10 years but some banks may also offer a higher duration in India. What is a long-term fixed deposit? A long-term fixed deposit is a type of deposit account, for which, the period of investment ranges from more than 5 years to 10 years or more.
What is long-term fixed deposit (LFD)?
A long-term fixed deposit is a type of deposit account, for which, the period of investment ranges from more than 5 years to 10 years or more. Given below is the updated list of interest rates offered by some of the top banks on long-term fixed deposits, for regular individuals and senior citizens: