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When considering a fixed deposit (FD) as a savings tool, comparing FD rates across various banks and non-banking financial companies (NBFCs) is essential to maximise returns. Fixed deposits offer a safe and reliable way to earn interest on your savings over a specified tenor. As of July 2024, several banks and NBFCs provide competitive interest rates on FDs in India. Below is a detailed comparison of some of the highest FD rates currently available. Regular FD Rates in India To achieve the highest returns, it is crucial to evaluate the FD interest rates provided by various issuers. Here is a snapshot of some of the highest FD rates available as of July 2024: FD Issuer Maximum Interest Rate (p.a.) DCB Bank 8.05% IDFC FIRST Bank 7.90% AU Small Finance Bank 8.00% Utkarsh Small Finance Bank 8.50% RBL Bank 8.00% Bajaj Finance 8.60% *Disclaimer: The mentioned rates are subject to change as per the issuer's discretion. Be sure to check the rates on the issuer’s official websites before b...

Fixed Deposits (FDs) are one of the most popular savings tools in India, offering guaranteed returns and capital safety. While long-term FDs are commonly chosen for their higher interest rates, short-term FDs also feature a range of benefits that make them a crucial part of your financial portfolio. What is a Short-term Fixed Deposit? A short-term fixed deposit is an investment where funds are locked in for up to a year. Despite the lesser tenor, these FDs provide attractive interest rates and are an excellent option for those seeking liquidity and flexibility. Advantages of Short-term Fixed Deposits Liquidity One of the primary benefits of short-term FDs is liquidity. Since the investment period is short, your funds are not tied up for an extended duration, making it easier to access your money when needed. This is particularly useful for managing short-term financial goals or unexpected expenses. Flexibility in Investment Tenor Short-term FDs offer a range of tenors, from as little ...