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Which bank gives highest interest rate on short-term FD?

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\%
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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?

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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: