which bank i shld go for higher FD interest ?

POSTED BY Manish awasthi ON February 5, 2012 12:30 pm ONE COMMENT

i have FD of 3 lakhs in icici bank (opted for monthly interest and monthly interest is invested in SIP –HDFC tax saver).

now i want to do one more fd for 1.5 lakh .. rates in icici bank is 9.25 for 590 days…. which bank i shld go for higher interst in Bank FD (term1-2 year)?

One reply on this article “which bank i shld go for higher FD interest ?”

  1. Dear Manish, You want to say that just for sake of earning 0.25 to 0.5% higher rate, you ‘ll first open a new SB account & then ‘ll invest in the new FD? In my view for the given period & for the mly payment option, the 0.25 or 0.5% higher rate ‘ll not impact much. Also I do not know that you are aware or not that FD interest is taxable at your slab rate.
    In my opinion, you should concentrate more on managing the things easily & your MF investment are in good shape.

    Thanks

    Ashal

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