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I want to place FDs in Banks @8-9%maturing every month from 2015 upto 2025.Is it possible
In Fixed Deposits  -  Asked by harinathan.K -  1 year ago

Best Answer:
No bank gives 8-9% interest rate for short duration. To get this much of interest you have to at least deposit for more than 1 year. To know Best FD rates of different banks visit rupeetimes.
1 year ago - By Mini

Other Answers (2)
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Answer 1.
Fixed deposit is the safest investment option but on fixed deposit interest up to Rs 1 lakh you can avail tax exemption but on the exceeded limit you have to pay tax. To avoid tax you can break the amount of fixed deposit on maturity.
1 year ago - By Ritu
Answer 2.
In fixed deposit banks give option to get interest monthly, or get it compounded annually to multiply your money. You can go for second option for certain period and later on when you renew your fixed deposit you can go for the first option.
1 year ago - By Nelu
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