Bajaj Finance FD Is Offering 7.85%. Is it Worth Considering?
Large scheduled commercial banks are offering interest rate of 6.25% to 6.75% on fixed deposits (FDs) for one year. You can get 7% to 7.3% with smaller scheduled commercial banks. If you want interest rate of higher than 7.3%, you may need to explore options with small finance banks (earlier non-banking finance company—NBFC) licensed by the Reserve Bank of India (RBI) or corporate fixed...
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