A fixed deposit (FD) is a low-risk investment option investing in which one can grow their savings and earn significant returns. However, when choosing the right bank or financial institution to deposit your money with, you should thoroughly check and compare fixed deposit interest rates provided by various banks and NBFCs. At Paisabazaar, we provide you with complete information on banks and financial institutions offering fixed deposits.
Apart from guaranteed returns, fixed deposits offer another benefit to investors – credit card against FD. Such cards are secured credit cards and are a good option for those who do not have a good credit score or are new to credit. Such people may find it difficult to get a credit card but with a fixed deposit, it gets easy.
This credit card, being a secured credit card will help you strike a balance in your credit mix and improve your credit score while adding to your investment with guaranteed (currently 6.5% of interest) returns on FD.
Click any of the following banks for FD Rates across tenure:
*Fixed Deposit Interest Rates are on deposits below Rs.2 crore for resident individuals. (Interest rates updated on 22nd March 2021)
Mergers effective from 1st April 2020:
United Bank of India and Oriental Bank of Commerce (OBC) merged with Punjab National Bank (PNB)
Corporation Bank and Andhra Bank merged with Union Bank of India