Fixed Deposit Interest Rate

Amount to be deposited.

Fixed deposit interest rate. The fixed interest rates guaranteed with certain deposit accounts tend to be smaller compared with the variable returns of other financial vehicles. Fixed deposit interest calculator computes the interest earned by a fixed deposit using the following components. For the fixed deposit maturing in 7 days to 14 days the interest rate offered by the bank is 3. It is the principal amount an fd account holder invests in a fixed deposit.

For fixed deposits with tenure below 181 days interest will be calculated at maturity as simple interest. For the term deposits maturing in 46 90 days the rate of interest offered is 6 25. Banks have reduced fixed deposit rates. Disclaimer simple interest rate senior citizens rate is not applicable on nro nre deposits no interest will be payable for nre tds staying less than 1 year.

For example birla sun life cash plus have given 5 10 returns over. You can explore alternate option like liquid funds for better returns at very low risk. In the instances of certain self directed. Fixed deposit for nris for nris looking to grow their savings bajaj finance fixed deposit offers attractive returns of up to 7 10 for new customers up to 7 20 for existing customers and up to 7 35 for senior citizens.

It s the time duration for which the amount is.