|Bank Account||Highest Bonus Interest||Min Deposit|
|Maybank Save Up Programme||Up to 3.00% p.a.||S$500|
|DBS Multiplier Account||Up to 3.00% p.a.||None|
|BOC SmartSaver||Up to 3.00% p.a.||S$1,500|
|UOB One Account||Up to 2.75% p.a.||S$1,000|
Which bank currently gives highest interest rate?
Yes Bank offers one of the most attractive interest rates when it comes to Savings Accounts. Having revised their interest rates, the bank will now offer an interest rates of 4.00% p.a. for all Savings Accounts with a balance up to Rs. 1 lakh. The interest rates are between 4.00% p.a. to 5.25% p.a.
Which bank is safe for fixed deposit?
Fixed Deposit Interest Rates
|Bank name||Tenure||Interest rate (%) per annum|
|IDFC Bank||91 days to 180 days||6.75|
|Kotak Mahindra Bank||181 to 363 days||6.5|
|SBI||180 to 210 days||6.35|
|Axis Bank||6 months to 8 months 29 days||6.25|
What is better than fixed deposit?
Short term debt funds invest in bonds with a maturity period of one to three years. It is suitable for low-risk investors with a similar investment horizon. It is a tax-efficient investment as compared to fixed deposits for investors in the higher tax brackets.
Where can I get maximum interest on my money?
Here is a look at 10 investment avenues Indians look at while saving for financial goals.
- Direct equity. …
- Equity mutual funds. …
- Debt mutual funds. …
- National Pension System (NPS) …
- Public Provident Fund (PPF) …
- Bank fixed deposit (FD) …
- Senior Citizens’ Saving Scheme (SCSS) …
- Pradhan Mantri Vaya Vandana Yojana (PMVVY)
Which bank gives highest interest per month?
Interest rates on Monthly Income FD Schemes
|Top banks monthly income FD interest rates|
|Bank||Interest rate||Tenure range|
|Kotak Mahindra Bank||4.50% to 5.25%||365 days to 389 days|
|IDFC FIRST Bank||5.25% to 7.00%||181 days to less than 1 year|
|Union Bank of India||4.50%||181 days to less than 1 year|
Which bank account is best for savings?
Top Banks that have the Best Savings Account for Individuals
- State Bank of India (SBI) Savings Account.
- HDFC Bank Savings Account.
- Kotak Mahindra Bank Savings Account.
- DBS Bank Savings Account.
- RBL Bank Savings Account.
- IndusInd Bank Savings Account.
What is the interest of 1 lakh?
In the current Indian market, a typical monthly interest rate for 1 Lakh fixed deposit can vary from 5% to 7.5% per annum. The 1 lakh interest per month you could earn this way would be substantial. The 1 Lakh fixed deposit interest per month would be more for senior citizens.
Is FD is a good investment?
Fixed deposit accounts are an excellent investment vehicle for those investors who don’t want to bear any risk. If you wish to sustain the money over the years and are not looking for growing wealth or if you are looking for steady returns, you can go for FD accounts.
Is FD tax free?
A tax-saving fixed deposit (FD) account is a type of fixed deposit account that offers a tax deduction under Section 80C of the Income Tax Act, 1961. Any investor can claim a deduction of a maximum of Rs. 1.5 lakh per annum by investing in a tax-saving fixed deposit account. … Interest earned is taxable.