123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Investing---Finance >> View Article

4 Best-fixed Deposit Interest Rates In 2018

Profile Picture
By Author: Natasha Raikar
Total Articles: 4
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

A fixed deposit is an investment tool you can use to grow and consolidate your savings. There is zero volatility when it comes to FDs, unlike other investment avenues such as equity and mutual funds. However, the interest you earn varies from bank to bank. These rates may also change over time, which is why you should keep an eye on the new prices and invest accordingly.

Following are 4 of the best- FD plans in India 2018:

Note: The below-stated figures are subject to change.

1. Axis Bank
Axis bank’s fixed deposit accounts offer an interest rate between 3.50 per cent and 6.90 per cent* per annum for a tenure of 7 days to 10 years. They also allow a seamless transfer of funds from a savings account to fixed account to earn higher interest. You can open their account either through net banking or mobile sitting at home or office.

2. Bank of Baroda
The bank with the second largest asset in India, Bank of Baroda, operates more than INR 3 trillion in assets. They offer competitive interest rates and convenient withdrawal ...
... options. Their tenure for fixed deposit is around 7 to 10 years. They, too, offer many deposit plans that you can choose depending on the term, nature of the deposit, and withdrawal features. The additional benefits that you can enjoy through their fixed deposit accounts are overdraft facility, outstation cheque collections, safe deposit lockers, ATMs, etc.

3. Bank of India (BOI)
A commercial bank headquartered in Mumbai, Bank of India operates more than 5000 branches in India, making it a part of the top 5 nationalised banks in the country. The fixed deposit interest rate of BOI is attractive as well. Also, they have an array of options to choose from regarding fixed deposit accounts.

4. Canara Bank
Canara Bank operates more than 6500 branches across the country. The fixed deposit rates offered by Canara Bank are attractive, making it come under the top 4 list.

If you are looking to start a fixed deposit account, ensure that you do so in one of the banks listed above.

Total Views: 202Word Count: 351See All articles From Author

Add Comment

Investing / Finance Articles

1. Top 5 Loan Secrets For Women Entrepreneurs
Author: Mpower Credcure Team

2. Mastering Currency Trading: Strategies For Profitable Returns
Author: hoardingonrent

3. Unlock The Secrets Of Itin Application: Your Guide To Obtaining An Itin Number For Non-us Citizens
Author: itin.support

4. Simplify Your Itin Application Process And Save With Our New Year Discount
Author: itin.support

5. Paystand Named Winner Of Fintech Breakthrough Award For Defi Innovation
Author: Orson Amiri

6. How To Sell Usdt In Dubai: A Comprehensive Guide
Author: cryptodubaiotc

7. Navigating The European Crypto Landscape: A Guide To Buying Usdt In Europe
Author: cryptoeuropeotc

8. Exploring The Rise Of Usdt Otc In Dubai: A Hub For Crypto Investors
Author: cryptodubaiotc

9. Explorez En Toute Sérénité Avec Un Guide Compétent : Voyage Privé En Inde
Author: Voyage en Inde en 2024

10. Mastering The Art Of Profitable Trading: Strategies And Tips
Author: hoardingonrent

11. Take Profit Order - A Quick Review And How It Works?
Author: Growlonix

12. Federal Interest Rate And Forex Market
Author: Shyamkumar

13. How Does A Loan Against Mutual Funds Help A Financial Emergency?
Author: Abhi

14. Crypto Trading Signals – A Better Opportunity To Trade Like A Pro In 2024
Author: Growlonix

15. How To Check Loans Using A Pan Card
Author: Loanswale

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: