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 How to find out Best Fixed Deposit? (0 Replies, Read 20150 times)
Donnieclark
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Post Group: Newbie
Posts: 10
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Hi,

FD accounts are offered by banks and NBFCs (Non-Banking Financial Companies). NBFCs offers higher interest rates to attract more accounts and raise capital.

If you want a safe FD then banks are the best option. If you want to invest in companies then before investing you should search for the company details before investment. You can see the criteria and schemes of top companies here.

So if you want to invest Rs 1,00,000 for 2 yrs and 3 months in a Public Sector Bank and you belong to 30.9% Bracket, it will filter out the the list of best Banks that suit your needs and provides best return.

It will also tell you what will be your final profit after paying tax and what will be your gain after factoring in Inflation (based on your expectation of inflation percentage).

In current time there are two banks which are offering higher interest rates on FD. These banks are ING Vysya Bank and Lakshmi Vilas Bank. The rate of interest they are providing is 9.25%.

Maturity amount
Interest Earned
Interest After Tax
Gain After Inflation
Currently The information on the website is updated twice a week.

Information about a particular Bank

The interest rate is different for each bank. So if you want to open your FD account in a bank, you should check for the interest rates offered by different banks.

For More Details:


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Edited by Donnieclark : February 2, 2018, 10:45 am
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