- Fixed Deposit Interest Rate 2020: FD is a good option for Best Investment Plans.
- At the time of FD maturing, you get returns at a fixed rate.
- Due to Corona, the interest rates of banks FD (Bank FD Interest Rate 2020) have also come down.
- The interest rates of some big banks have been reduced to a maximum of 5.5 per cent.
Fixed Deposit Interest Rate 2020:
How important is saving in life, people have come to know in Coronavirus. This is the reason people are thinking of investing now. Fixed deposit (Interest on FD) is considered a good option for investing in India. FD is a good option for a Best Investment Plans.
At the time of FD maturing, you get returns at a fixed rate. The interest rates of banks or companies FD (Bank FD Interest Rate 2020) have also come down due to Corona’s hit. The interest rates of some big banks have been reduced to a maximum of 5.5 per cent. We are telling you about an option where a high interest rate of 8 percent can be found.
Invest in KTDFC (KTDFC FD 2020)
You can invest in Kerala Transport and Development Finance Corporation. Here you can get more than 8 percent interest rate. In which the yield is very close to 10 percent. Explain that the Kerala government also gives a guarantee on fixed deposits. In such a situation, you can invest without risk. These FDs are very safe, as the Kerala government guarantees Rs 4,500 crore for them.
How much will be the interest?
For ordinary citizens, the investment for one year to three years will get 8% interest, while in four and five years it will be 7.75%. At the same time, the interest rate on FD for senior citizens from one year to three years is 8.25 percent, while in four and five years it is 8 percent.
Invest without risk
Let me tell you that even now the company or commercial bank is not giving 8% interest rate on FD. Some small finance banks offer better interest rates, but there is uncertainty. People find their money in FD safe. FDs with fixed annual returns do not require frequent status checks like the stock market. People are sure to put the money once.
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