Which bank is giving best interest rate of short term FD

262°
Deal Subedar
sardasa

I got some spare money which I want to park for a year. Can someone please suggest which bank is giving best rate on short term FD these days?

33 Comments  |  
15 Dimers
  • Sort By
Helpful Helpful
Link Copied

Use jana or dcb bank for upto 1 lac of amount
Co-operative banks give even more

Deal Subedar Deal Subedar
Link Copied

How about IDFC First Bank account which is giving 8% for 1 year?

View 17 more replies
Deal Subedar Deal Subedar
Link Copied

Better buy liquid fund

Deal Subedar Deal Subedar
Link Copied

Would prefer fixed return rather than betting on market.

Helpful Helpful
Link Copied

8% interest rate on 1 yr fd in idfc bank, ping me for referral

Deal Subedar Deal Subedar
Link Copied

Any benefit of using referral code?

Deal Subedar Deal Subedar
Link Copied

8.50% for 100 days in Dyndeep co society. Trusted since 1979

Deal Cadet Deal Cadet
Link Copied

liquid fund betting on market!!!! bhagwan apki vala kare pensive

Deal Subedar Deal Subedar
Link Copied

Where else do liquid funds put our money into?

Helpful Helpful
Link Copied

Liquid funds buy government bonds and corporate debt papers, they return 7.2% a year and can be redeemed with in a day
They are the safest of the funds available
Till now only 3-4 funds have given flat return in history for a year, which had exposure to il&fs bonds.

Deal Cadet Deal Cadet
Link Copied

If want to go totally safe go for indusind bank
Indusind 7.50%
Hdfc 6.60%
Icici 6.75%
Sbi 6.50%

Otherwise idfc as suggested by dimers but havent used it.

Another option is liquid fund but return is not totally fixed ranges between 6 to 8% dependent upon fund and time of investing.

Deal Subedar Deal Subedar
Link Copied

Is IDFC not trusted?

Analyst Analyst
Link Copied

Government bonds are the safest way to invest in the world, they are usually known as AAA bonds in US

Deal Subedar Deal Subedar
Link Copied

axis- 7.2%

Deal Cadet Deal Cadet
Link Copied


https://cdn0.desidime.com/attachments/photos/585359/original/Screenshot_20190917-100749__01.jpg?1568695094You can go for YES Bank FD. If you get a FD worth min 50k, any duration, you will also get AMB waiver on savings account till you have FD in your account. You can go for special rates FD of 12 months 10 days to 12 months 20 days and get an annualized yield of 8.08%

You can earn 6% cumulative interest rate on balances above 1lacs. Even on one lac one rupees you will get cumulative 6% while most of the banks give incremental interest rates on savings deposits.

Deal Subedar Deal Subedar
Link Copied

I want to open an account with IDFC. I am ok with 25k minimum balance.

What are the benefits of opening it with referrals? Can I select a branch of my choice if you referral?

replyuser
Click here to reply
Reply