A fixed deposit is a trusted way to maintain liquidity and earn an assured rate of return on the capital. Interest rates vary from one bank to another. Let's take a comprehensive look at the interest rates on offer today. Note that fixed interest rates may be subject to a revision after a specified tenure depending on the bank's T&Cs. Some banks/FIs allow fixed rate only for a definite period and thereafter prevailing floating rates are made applicable.

Source: The Hindu September 03, 2023 07:23 UTC