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Particulars Details Tenure Core Deposit: 1 — 10 years Linked Deposits: 180 days Min.
Just trying to highlight the various points one should consider while picking banks for FDs.
Private banks, like as ICICI Bank, give yields of 2.
The interest earned on savings deposit is exempted from income tax up to Rs.
When choosing a provider, see if they have an online application process that allows you to open an FD from the comfort of your own home without having to go to a branch.
The tenure of the fixed deposit account can also affect the interest rate - the longer the tenure, the higher the interest rate is given.