Fixed Despoit - Looking for suggestions!

129°
Deal Lieutenant
itsmejerry

Hi,

I'm looking for best bank to start Fixed Deopsits.

Best returns + reliable.

Currently, using paytm indusind bank FD @ 7.50 PA

Provide you suggestions for best returns.


Thanks smile

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Wingman Wingman
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Small finance banks do provide more than 8%

Deal Cadet Deal Cadet
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Try bajaj finance as I believe they have 8.35%

Deal Hunter Deal Hunter
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If you want more than 8% , you need to invest in SFBs 

[Highest] Unity SFB 1001 days FD : 9% & 9.5% for Senior Citizens.

*Do your own research before investing 

Benevolent Benevolent
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Bharatpe part owner iska ye vohi bank na?
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Post Emperor Post Emperor
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Only suggestion is to not do an FD

Benevolent Benevolent
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Then what do you suggest for the debt part or for senior citizens?
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Pro DealBaba Pro DealBaba
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Rbl is giving 8% for everyone and 8.5 for senior citizens

Deal Subedar Deal Subedar
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Utkarsh 8.5%. 9.1% seniors

Deal Subedar Deal Subedar
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Equitas Small Finance Bank
8.5% for 444 days
8.25% for 888 days

Benevolent Benevolent
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Not really sure of your intention of FD.

FDs are not meant for wealth creation. for wealth creation go for MFs thru SIP. But if you are looking to park your funds as contingency fund many small finance banks offer  good ROIs but consider their lock-in periods too.

Deal Newbie Deal Newbie
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You can try Stable Money app for comparing multiple banks for best fd rates and you can apply online from the app too. Incase you need refferal for 200 Amazon voucher, do ping me... I had already invested more than 2L ...FD can be used as emergency funds

Deal Lieutenant Deal Lieutenant
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Thank you all for your suggestions. 

Some of you were asking why I'm looking only for FDs, the fact is that I really don't know or not much aware about any other safe investment methods.

If any of you could help with some more details on other investment methods, it will be helpful. 

Like suggest a bank or platform with the method or type of investment I should choose. I will do the further research on that. 

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