Fixed Deposit: Kerala Transport Development Finance Corporation Limited Company, backed by the Government of Kerala, is paying an interest of 8.35 percent on FD. According to the website of this company, it is a State Government Guaranteed Fixed Deposit Scheme.
New Delhi. In terms of safe investment in India, getting a fixed deposit in a bank has always been the first choice of people. The reason for this is also that the fixed interest in FD can be invested for a fixed period. Now that the interest rates are increasing continuously, the interest on FD is also increasing. At the same time, banks are also offering better interest on FD to attract customers.
At present, some small banks are paying more interest on FD than the big banks of public and private sector. Good returns can be obtained by making FD in these banks.
Kerala Government company is giving 8.35% interest on FD
The Kerala Transport Development Finance Corporation Limited Company, which is backed by the Government of Kerala, is paying 8.35 percent interest on FD. According to the website of this company, it is a State Government Guaranteed Fixed Deposit Scheme.
Common citizens can opt for FD in this company for a period of 1 year to 5 years. One year fixed deposit will get an interest rate of 7 percent with an annual return of 7.23 percent. At the same time, the annual yield will be 7.49 for two years, 7.76 percent for 3 years, 7.72 for four years and 8 percent for 5 years.
At the same time, senior citizens will get more interest than common citizens. Senior citizens get a maximum interest of 7.25 percent on fixed deposits of 1 year to 3 years while the annual yield is 8.35 percent. KTDFC is a non-banking financial company wholly owned by the Government of Kerala.
Many banks have increased the interest rates on FDs
After the increase in the repo rate by the RBI, many banks have increased the interest rates on loans and other savings schemes and loans. Many other banks including SBI, HDFC and Axis Bank are involved.
