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Old April 3rd, 2016, 11:40 AM
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Join Date: Nov 2011
Default Re: Best Fixed Deposit Rates

Fixed Deposits have always been a favorite investment tool in India as it is a safe and reliable investment option. There are many different categories of fixed deposit plans in India.

Depositors are given options of different payout frequencies and also given various tenures to choose from. This allows maximum flexibility.

Added to that short term fixed deposit accounts give the depositor the freedom of liquidity while still earning maximum possible returns.

Best Fixed Deposit Rates

Shriram City Union
1. Shriram City Union is offering 8.75 % interest rate for 1 year duration, which is getting calculated on the basis of Compound Yearly. Shriram City is NBFC Company.
2. For a sum of Rs. 2 Lakhs invested, the investor approximately stands to earn Rs.2.17 Lakhs.
RBL Bank
1. RBL Bank is Indian Private Sector Bank having 4th highest interest rate for the 1 year maturity period i.e., 8.5%, Compounded Yearly.
2. For Rs. 2 Lakhs invested, Rs. 2.18 Lakhs can be expected.
Bandhan Bank
1. This scheme is a Company Fixed Deposit and receives interest at the rate of 8.5% p.a., which is one of the highest interest offered in this category of fixed deposits. This is one of the newer contenders in the Top 10 lists.
2. For a sum of Rs.2 Lakhs invested, the estimated returns are about Rs.2.18 Lakhs.
Mahindra Finance
1. Mahindra Finance is a private company providing interest rate of 8.45% for 1 year period with Quarterly Compounded. This company is a NBFC and CRISIL (FAAA) institution.
2. For Rs. 2 Lakhs invested, Rs. 2.17 Lakhs can be expected.
Shriram Transport Finance Company Ltd
1. Shriram Transport Finance Company Ltd is NBFC Company, which is having CRISIL rating FAA+ and ICRA rating MAA+ providing 8.42% rate, which is compounded yearly.
2. For Rs. 2 Lakhs invested, Rs. 2.17 Lakhs can be expected in returns.
Indian Post Office
1. India Post Office is largest communication channel available in India offline. It is providing 8.4% interest rate for the 1 year, which is getting calculated on Quarterly compounding basis.
2. For Rs.2 Lakhs invested, Rs 2.17 Lakhs can be expected as returns.
Sundaram Finance
1. Sundaram Finance is NBFC Company and providing interest rate of 8.25%, quarterly compounded.
2. For Rs. 2 Lakhs invested, approximately Rs. 2.17 Lakhs can be expected.
LIC Housing
1. LIC Housing is a Housing Finance Company with CRISIL rating FAAA and having interest rate 8.25%, which is getting calculated on the Compounded every 6 months.
2. For a sum of Rs. 2 Lakhs invested, the expected returns are Rs.2.17 Lakhs.
ICICI Home Finance
1. ICICI is a housing finance company providing rate of 8.0%, monthly compounding for the period of 1 year.
2. For Rs. 2 Lakhs invested in this scheme, depositors stand to earn Rs. 2.17 Lakhs.
IndusInd Bank
1. IndusInk is a Indian Private Sector Bank providing a rate of 8.0%, monthly compounding period of a year.
2. For Rs. 2 Lakhs invested in this scheme, depositors stand to earn Rs. 2.16 Lakhs.
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