Lakshmi vilas Bank (9.75% for one year)
Karnataka bank (9.5% for 1 to 2 years),
There many banks which provide interest up to 8.75-9.00 % annually. like HDFC, AXIS, OBC, BOI, BOB, SBI, PNB.
But one thing i want to share about Company Fixed Deposit is the deposit placed by investors with companies for a fixed term carrying a prescribed rate of interest for prescribed time period.Corporate FD will provide interest up to 12.00% per anum.
These companies are :-
? Manufacturing Companies.
? Non-Banking Finance Companies.
? Housing Finance Companies.
? Financial Institutions.
? Government Companies.
Eg. Mahindra Finance, Bajaj Capital etc.
Small and Private bank give a more Interest to biggest named bank .
Usually newer and smaller banks give more interest, Yes Bank and Indusind bank give 6 % on savings account and ICICI and HDFC give more interest on FD and other bank schemes .
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