For risk-averse investors who seek to attain a stable income and deposit safety without taking any market risks, investments in fixed deposits are among the traditional bets.
The best time to open an FD account with a DICGC-insured bank is right now to receive deposit insurance of up to 5 lacs, which is the icing on the risk-free return cake.
The programme was launched on May 20, 2020, and as a result of several extensions, it will now last through October 31, 2022.
Residents who are senior citizens will get an additional interest rate of 0.15 per cent. (
IND UTSAV 610, a "Special Money Multiplier Term Deposit Product," with annual interest rates of 6.10 per cent for the general public, 6.25 per cent for senior citizens, and 6.50 per cent for super senior citizens (80 years and over) that is valid through October 31, 2022.
The business has unveiled a new fixed deposit with a 45-month tenor to commemorate its 45th birthday.
Source: Zeenews
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