3 Fixed Deposit Schemes With 8% Plus Interest Rate
At a time when the prevailing inflation rate stands at 4.96%, major public sector banks like the SBI and the Central bank offering an ROI ranging 6-6.75% per annum isn't justified. With the real rate of returns becoming a thing, below are some fixed deposit schemes available at an 8% plus interest rate.
Bajaj Finance Fixed Deposit Scheme
Over the years, Bajaj Finance has transformed into a household name. Every India despite his/her geographic location, is cognizant of the organization and the products/services they deal in. Moving on to our primary question, Bajaj Finance FD scheme offers an interest rate of 8.40% per annum for an investment fixed for a tenor of at least 12 months.
Bajaj Finnance Senior Citizen Fixed Deposit Scheme
Bajaj Finance also offers senior citizen fixed deposit for elderly people planning their retirement, or for people planning to invest in fixed deposit schemes for their elderly parents. The senior citizen fixed deposit scheme is available with a minimum interest rate of 8.75% per annum, which is the highest an investor can get in India.
Mahaveer Co-Operative Urban Bank
Mahaveer Co-Operative Urban Bank, which was founded in the year 1999, is a local co-operative bank based in Hyderabad, Telangana. The bank can be a good prospect if you are a local resident, having an account in the same bank. Mahaveer Co-Operative Bank Offers an interest rate ranging from 8.50-9.50 percent interest on fixed deposits of similar maturity.
On a concluding note: Whichever Fixed Deposit scheme you’re choosing to invest, make sure you read all the terms and conditions beforehand and plan your investment accordingly.
Bajaj Finance Fixed Deposit Scheme
Over the years, Bajaj Finance has transformed into a household name. Every India despite his/her geographic location, is cognizant of the organization and the products/services they deal in. Moving on to our primary question, Bajaj Finance FD scheme offers an interest rate of 8.40% per annum for an investment fixed for a tenor of at least 12 months.
Bajaj Finnance Senior Citizen Fixed Deposit Scheme
Bajaj Finance also offers senior citizen fixed deposit for elderly people planning their retirement, or for people planning to invest in fixed deposit schemes for their elderly parents. The senior citizen fixed deposit scheme is available with a minimum interest rate of 8.75% per annum, which is the highest an investor can get in India.
Mahaveer Co-Operative Urban Bank
Mahaveer Co-Operative Urban Bank, which was founded in the year 1999, is a local co-operative bank based in Hyderabad, Telangana. The bank can be a good prospect if you are a local resident, having an account in the same bank. Mahaveer Co-Operative Bank Offers an interest rate ranging from 8.50-9.50 percent interest on fixed deposits of similar maturity.
On a concluding note: Whichever Fixed Deposit scheme you’re choosing to invest, make sure you read all the terms and conditions beforehand and plan your investment accordingly.
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