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
Ever since the Reserve Bank of India (RBI) started its periodic revision of the interest rates, various banks have been in a race to increase the interest rates on fixed deposits (FDs). Some banks are currently offering close to 10 per cent interest rates for senior citizens and 9 per cent for general citizens. aaa
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