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Highest FD interest rate in India (8.90%)

Fixed deposit is a conservative option for investment offered by various banking and non-banking financial institutions like banks and post offices. The investor must choose a fixed tenure based on their goals and the FD interest. The interest earned is decided while making the investment and remains fixed. A person can reap interest payments at regular intervals-monthly, quarterly, half-yearly, or yearly. One can also choose to get the interest and the principal money at the end of the tenure.

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Highest FD interest rate in India (8.90%)

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  1. FIXED DEPOSIT Interest up to 8.40%* P.A. Additional 0.50%* P.A. for Senior Citizens

  2. What is fixed deposit? Fixed deposit is the most secured saving option that lets you grow your money with assured returns. These assured return enables you to invest for a better and secured future by offering guaranteed high returns along with safety of principle amount

  3. Features of Fixed Deposit Scheme Higher Returns on Investment (8.40%) additional 0.50 for senior citizens Flexible Tenure Flexible Pay-outs

  4. Types of Fixed Deposits Cumulative In a cumulative fixed deposit, the interest earned will get compounded along with the principal for the invested tenure. The interest will not be payable in instalments Non-Cumulative In this type, the interest is payable in monthly, quarterly, half-yearly, or annual instalments. It is suitable for individuals or pensioners who are looking for a income at regular intervals.

  5. Documents Required 1. ID Proof 2. Address Proof 3. Photographs 4. Cancelled Cheque Leaf 5. Other than the above documents, for HUF, trusts, and other entities.

  6. Advantages of a Fixed Deposit 1.Encourages you to save your money. 2.Assured returns on your invested capital. 3.Saves your taxes. 4.Useful in a cash crunch. 5.Offers flexibility in both invested amount and tenure. 6.Maintaining cash flow.

  7. Thank you Visit: https://stfc.in

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