Fixed Deposits are the term deposit accounts that let investors earn interest by depositing an amount for a certain period of time. The investment instrument is the best fit for risk-averse investors that lets them earn interest on the deposited amount over a period of time. Watch Business Today s Visual Story to know about fixed deposit schemes that are offering over 9% interest rate
When it comes to investing in India, bank fixed deposits (FDs) continue to be the most popular investment option. The fixed deposit (FD) interest rates have been rising since May 2022. Not only salaried class, or senior citizens, even millennials are in investing in term deposits. Watch Business Today s Visual Story on the latest FD rates and best schemes available.
Unity Small Finance Bank has hiked the interest rates of Fixed Deposit (FD) schemes. Senior citizens can now avail upto 9 per cent interest rate on FDs invested for tenures of 181 days and 501 days respectively. The general interest rate on FDs not for the same tenures is 8.50 per cent.