How to book THE HIGHEST FD rate? 5 Secrets of FD | Best Fixed Deposits 2024

Invest in high-return FDs and earn 9.1% returns and Rs. 200 Amazon gift voucher

5 Secrets to Maximize FD Returns
Fixed Deposits (FDs) are a favored investment choice due to their safety and guaranteed returns. To make the most out of your FD investments, consider these five strategies:

Opt for Special Tenure FDs: Banks periodically offer special tenure FDs with slightly higher interest rates than regular ones. These are designed to balance the bank's loan-to-deposit ratio and can offer better returns.

Explore Corporate FDs: Corporate FDs, provided by non-banking financial companies (NBFCs), often offer higher interest rates compared to bank FDs. However, they come with higher risk and are not insured by DICGC. It's crucial to check the credit rating of the issuer before investing.

Break FDs Judiciously: If interest rates rise significantly, breaking a long-term FD might be beneficial despite penalties. Assess the potential gains against the penalties and adjusted interest rates before making a decision.

Compare Interest Rates: Different banks and financial institutions offer varying interest rates. Use platforms like Stable Money to compare rates across 200+ banks and NBFCs. Even a slight difference in interest rates can lead to substantial returns over time.

Diversify and Strategize: Split your investments across multiple FDs with different tenures and issuers to balance risk and liquidity needs. This approach helps manage risk and ensures access to funds when needed.

By leveraging these strategies, you can significantly enhance your FD returns while maintaining the security and stability that fixed deposits offer.

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[finance.boosan]

Invest in high-return FDs and earn 9.1% returns and Rs. 200 Amazon gift voucher

[senthilvinothan]

@financeboosan.. One small correction.. The penal amount is calculated on the interest rate in which the FD was held with the bank and not on the contract rate in the FD. For example, If you have an FD at 7% for 1 year and you are prematurely withdrawing in say 11 months, penal interest will be calculated for less than 1 year interest rate minus 1%. Suppose 1 year interest rate is 7% and less than 1 year is 6% then penal interest will be 6-1=5%.

[abraham.j]

Direct to the point and no un-necessary blabbering .And this make this channel unique and easy to fall in love with Finance!!

[mhemanthkmr]

FD Laddering Video Needed means hit the like button ❤

[Vcky]

Great info, FD laddering pathi video pannunga.

[kuberanmech]

அருமை.. நீங்கள்தான் எனக்கு வழிகாட்டி... 6 மாதமாக உங்களை பிந்தொடர்ந்து வருகிறேன். நன்றி

[vigneshb]

Thank you Bro. Please do make a video on FD laddering .

[sathiyaraj]

Super sir..romba use full ah iruku...daily video podunga pls

[thangarajn]

Interested in FD laddering. Can you clarify whether 5L insured limit is inclusive of all the accounts (savings, FD, RD) in a bank ? When we open FD, bank gives a separate account number for that, so that has seperate insurance or covered under part of savings account limit ?

[thamaraikannan]

Note - That 5 Lakh Insured by RBI is based on individual PAN Number. If a person's open multiple bank accounts & in each accounts if he maintain 5 Lakh for FD means then any one of the 5 Lakhs is insured by RBI. Not all the 5 Lakhs in different bank accounts

[iamtheelijah]

Tax பற்றி விவரமா ஒரு வீடியோ போடுங்க ப்ரோ, எங்கெங்கெல்லாம் டேக்ஸ் கட்டணும், டெபாசிட், இன்கம், வித்ட்ராயல் மாதிரி

[hindumathisfun]

There are some factual inaccuracies in this video.

(1) The TDS threshold for bank FDs (Non senior citizens) is Rs.40000/-.
The threshold for senior citizens is Rs.50000/-

(2) For corporate FDs the interest threshold for TDS is Rs.5000/-.

(3) Form 15G and 15H can be given for corporate FDs also to get interest without TDS.

[subbarayalumohandoss]

Commercial Bank ல FD 5 லட்சம் வைத்திருந்தால், அது வரை DlCGC காப்பீடு ok. அதே வங்கியில் மத்திய அரசின் சீனியர் சிட்டிசன் SRSS திட்டத்தில் மேலும் ஒரு 5 லட்சத்திற்கு செய்திருந்தால் இந்த தொகை DICGC வரம்புக்குள் வருமா, வரதா. இதற்கு பாதுகாப்பு உண்டா?

[Bloodmoonburger]

Thank you so much for sharing your knowledge and also helping others interested. I hope you get an award from the government of India for the work you are doing. Nandri

[mallikaipoo]

Please make a video about annuity / pension plans

[SujiSatz]

Hi Boosan, can you please explain about FD linked savings account or Sweep in FD and pros and cons

[kavipriya]

ஏற்கனவே அந்த வங்கி சம்பந்தப்பட்ட afficial app ல போட்ட ft யை இந்த ஸ்டேபிள் மணியில் பார்க்க எடுக்க முடியுமா ஏனென்றால் அந்த ஆபீஷியல் ஆப் இப்போது பார்வை மாற்றுத்திறனாளிகளுக்கான அணுகல் தன்மையுடன் இல்லை அதனால் தான் கேட்கிறேன் அதே மாதிரி இந்த ஸ்டேபிள் மணி ஆப் எந்த அளவிற்கு நம்பிக்கை கூறியது

[Faxxspitting]

bro, forex trading profits ah eppadi India la Tax file panradhu?
any legal issues irukaanu sollunga,

[raja]

Hi Bro

As usual ❤

Do continue videos.

I covered your all inputs....
I make notes of all comparisons and niche difference.
Thank you very much.to make me financial literacy

[KrishnaPrasad-voxx]

Is small finance bank good to open FD ?