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Thursday, February 3, 2011

Now it's time to banks fixed deposits

Due to rise in inflation now days the rate of interest on Fixed Deposits (FDs) increased quite frequently. Every bank is increasing their deposit rates. Fixed Deposits (FDs) are the safest way of investing & saving. Also there is flexibility of payment anytime. So if you want to invest safely, FD’s are the best option now.

In present scenario almost every bank’s deposit rate is between 8.75% to 9.30%.

UCO Bank is offering 8.75% for general customers & 9.25% for senior citizens for 456 days under new Scheme called UCO Dhan Vriddhi Scheme.

From 1st Feb 2011, almost every bank has raised their Lending Rated near about 50 Base points. It is a clear signal to increase in Deposit rated in Banks. So we should avail these benefits & invest in FD's of Banks.

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