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Most of us are very possessive about our hard earned money. Thus, we donu2019t want to risk it over by investing in stock markets. The safest option that one has is to put the money in Fixed Deposits because it carries zero risks. Basically, FDs are like home food, simple yet tasty. On the other hand, risky investments are like complicated recipes on a menu, which may or may not be as tasty. That said, it is extremely important to know which bank fixed deposit interest rate will be the best for you. Hereu2019s a list of the top 5 banks which provide the best interest rate on fixed deposit in 2019:
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What are the top 5 Bank Fixed Deposit Interest Rate to look out for in 2019? Most of us are very possessive about our hard earned money. Thus, we don’t want to risk it over by investing in stock markets. The safest option that one has is to put the money in Fixed Deposits because it carries zero risks. Basically, FDs are like home food, simple yet tasty. On the other hand, risky investments are like complicated recipes on a menu, which may or may not be as tasty. That said, it is extremely important to know which bank fixed deposit interest rate will be the best for you. Here’s a list of the top 5 banks which provide the best interest rate on fixed deposit in 2019: IndusInd Bank: One of the heavy weights in the private banking sector, it provides one of the best Fixed Deposit Interest Rates for the Indian populace to have a healthy investment strategy. Fixed deposit interest rate starts from 3.75% onwards. The highest bank fixed deposit interest rate that you can get from IndusInd bank is 9.15% per annum. That’s the highest when you compare to other banks. IDFC Bank: No matter what your need is, IDFC Bank Fixed Deposit Interest rate helps you get you sooner than some banks. It provides interest rate on fixed deposit starting from 4% onwards. Maximum rate IDFC Bank Fixed Deposit is 8.50 per annum if the fixed deposit is for 5 years or more. Yes Bank: This private bank is one of the most sought after banks for fixed deposit investments as it offers one of the most attractive interest rates. Minimum fixed deposit interest rate that you can procure from YES bank is 5 percent. While, maximum interest rate deal you can seize from YES bank is 8.35% per annum. RBL Bank: One of the best banks in the private banking sector, it provides one of the best Fixed Deposit Interest Rates for the Indian populace to have a healthy investment strategy. Fixed deposit interest rate provided by RBL Bank is same as YES Bank. Lowest rate provided is 5%. The highest bank fixed deposit interest rate that you can get from IndusInd bank is 8.35% per annum. Nainital Bank: Some of the good offers comes from banks that are less popular. Yes, Nainital bank is one of the best providers of fixed deposit interest rate starting from 4 percent onwards going up to 8.40% per annum. How to Choose Best Bank Fixed Deposit Interest Rate? It is fairly simple. All you have to do is visit the website of the banks you are interested
in to check the bank fixed deposit interest rate. Make a note of it and compare it with other banks. You can find a tabular representation of these on the website of some financial technology companies. This helps you save some time and effort. Reason being you don’t have to go digging into different bank website and then put more effort to compare them. In the website of financial technology companies, you can just spot the best bank fixed deposit interest rate by the table given to you.
