Tuesday, August 11, 2009

Fixed Deposits in India

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.


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Online Trading in India said...

Thanks a lot for sharing the informative post. But be careful before investing money. Make sure you read all risk factors.