Fixed Deposits: Do not be troubled by the low interest rates of banks, these companies are giving better returns on FD, avail benefitsJuly 7, 2020
FD is a popular investment option in India. Here people invest in FDs to fulfill their big goals like children’s higher education, children’s wedding, buying a house or setting up a retirement fund. However, due to the reduction in interest on FD by various banks for the last few months, people are also looking for other investment options. Due to the Corona virus crisis, most banks in the country have reduced interest rates on FDs. In this, most government and private banks are paying around 5.5 percent interest on FD. At the same time, there are many such fixed deposits in the market, which are still giving better returns. Let’s know who they are.
Under Mahindra Finance FD’s Samriddhi cumulative scheme, interest can be availed up to 7.80 percent on an investment of up to one crore. In this FD, 7.20 percent per annum for a period of 12 months, 7.30 percent annually over a period of 18 months, 7.50 percent annually over a period of 24 months, 7.60 percent annually over a period of 36 months, 7.70 percent annually over a period of 48 months and 60 An interest of 7.80 per cent per annum on the FD of the month can be obtained.
In this FD, up to 7.10 percent annual interest can be obtained. Here, deposits of up to five crores can be received 6.90 per cent annually during the period of 12 to 23 months, 7 per cent annually during the period of 24 to 35 months and 7.10 per cent per annum during the period of 36 to 60 months. A minimum of Rs 25,000 can be deposited in this FD.
Interest up to 7.10 percent can also be obtained in this FD. On this deposit up to 20 crores, 7 percent for a period ranging from one year to 2 years, 7.10 percent for a period of three years and 7.10 percent for a period of 5 years can also be obtained.
It is one of the oldest housing finance companies. Here customers can get interest rates up to 6.46 percent on regular deposits. Here, on deposits of up to two crore, 6.36 per cent per annum for a period of 12 to 23 months, 6.36 per cent per annum for a period of 24 to 35 months and 6.46 per cent per annum for a period of 36 to 84 months.