Financial institution mounted deposit (FD) charges have come down over the previous few years. State Financial institution of India, as an illustration, provides charges of two.9-5.4 per cent (3.4-6.2 per cent to senior residents) for tenures ranging between 7 days and 10 years. With returns from financial institution FDs failing to beat inflation, buyers are on the lookout for higher options.
At the moment, a number of AAA-rated firm FDs can be found that supply returns of as much as 8.25 per cent. Larger returns Firm FDs are well-liked amongst many fixed-income buyers as a result of they provide higher charges. Sahil Arora, senior director, PaisaBazaar, says, …
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First Printed: Tue, July 13 2021. 06:10 IST
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