Smaller banks and NBFCs often offer higher interest rates compared to larger, established banks.
Look for banks offering promotional FD schemes, especially for senior citizens or women, which provide additional interest.
Look for banks offering promotional FD schemes, especially for senior citizens or women, which provide additional interest.
Opt for longer tenures, typically 3 to 5 years or more, as they usually offer better rates.
Opt for longer tenures, typically 3 to 5 years or more, as they usually offer better rates.
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FDs with monthly compounding generate higher returns than quarterly or annual compounding.
FDs with monthly compounding generate higher returns than quarterly or annual compounding.
Split your investment across multiple FDs with varying maturity dates to maximize returns and maintain liquidity.
Split your investment across multiple FDs with varying maturity dates to maximize returns and maintain liquidity.
Understand the terms and choose FDs with lower penalties in case you need early access to funds.
Understand the terms and choose FDs with lower penalties in case you need early access to funds.
Use FD comparison tools to identify institutions offering the highest rates.
Use FD comparison tools to identify institutions offering the highest rates.
Ensure the bank or NBFC has a strong credit rating to balance higher returns with lower risk.
Ensure the bank or NBFC has a strong credit rating to balance higher returns with lower risk.
Consider tax-saving FDs under Section 80C to reduce tax liabilities while earning good returns.
Consider tax-saving FDs under Section 80C to reduce tax liabilities while earning good returns.
Regularly review and monitor Fixed Deposit interest rates and re-invest in higher-paying options as they arise.
Regularly review and monitor Fixed Deposit interest rates and re-invest in higher-paying options as they arise.