Key Points
If you are looking to invest in a bank FD, then financial experts advise that the current high interest rate scenario may be the right time to put your money in fixed deposits before the RBI starts the rate cut cycle..
But, which are the best bank FDs in the market right now?.
Top 5 Bank FDs: As per the list compiled by ETIG, Bandhan Bank offers the best fixed deposit for a 1 year tenure, with an interest rate of 7.85% compounded quarterly..
If you invest Rs 10,000 in the FD, it would grow to Rs 12,516/- Other FDs in this list include fixed deposits from RBL Bank, Bank of Baroda, IDFC First Bank, and IndusInd Bank...
Top 5 Bank FDs: DCB Bank bags the top rank in fixed deposits with 5 year tenure with an interest rate of 7.40% compounded quarterly..
