Fixed deposits is best way to multiply your money.There is no risk involved in fixed deposits.In India both public sector and private sector banks are controlled by RBI.But it is best for you to make fixed deposits in Public sector banks like SBI, even though the interest rates offered are less.There are good insurance policies for banks in India.Fixed deposits can be opened from a minimum period of 15 days to maximum period of 10 years.ICICI is also good bank for you to make fixed deposits.
The following are highest fixed deposit rates for SBI and ICICI:
1) SBI is offering 8.50% for period of 8 to 10 years.
2) ICICI is offering 8.25% for period of 5 to 10 years.
There are also Tax saving fixed deposits by which you can save Tax by doing fixed deposits.
Tuesday, August 11, 2009
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Thanks for Sharing this descriptive information about Fixed Deposit India. This type of communications are really very helpful in upgrading and improving your trading & investment skill. For more such type of information, Kindly Visit: http://www.smcindiaonline.com/depository.aspx
Thanks a lot for sharing the informative post. But be careful before investing money. Make sure you read all risk factors.
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