Highest FD Interest Rates in Coimbatore?

which NBFC gives highest FD rates?

Investing in a Shriram Fixed Deposit is a very safe choice, and it also comes with attractive interest rates. You can get interest rates as high as 9.10 percent per year, with an extra 0.50 percent per year for senior citizens and 0.10 percent per year for women. more details contact shriramfinance.in

What will be the rate of interest on 50000 fd?

It depends on what and where it has been invested.

How much interest you get you deposit of rs 1 lakh in 1 month in sbi?

The interest you earn on a deposit of Rs 1 lakh in SBI for one month depends on the type of account and the prevailing interest rates. For a standard savings account, the interest rate is typically around 3-4% per annum. This would yield approximately Rs 250 to Rs 333 in interest for one month. For fixed deposits, the rates may be higher, so you would need to check the specific FD rates for accurate calculations.

Are fixed deposits secured or unsecured loans?

Loans against Fixed Deposit (FD) are secured loans where borrowers secured against collateral (fixed deposit). The amount of secured loan depends on the FD deposit amount and this can go up to 90% – 95% of the deposit amount.Who can Apply for Loan against FD?· Loan against fixed deposits is extended to all the fixed deposit holders, be it individual holder or those with joint accounts· FD in the name of a minor does not qualify for this facility· Investors of 5 year tax saving FD cannot apply for this type of loanBenefits of Secured FD Loan· It offers lower interest rates in comparison with other types of loans (0.5% – 2% above the applicable FD rate)· You don’t have to break FD and go for premature withdrawal thus suffering loss of interest on FD· There’s no processing fees· You can obtain the loan against domestic as well as NRI FDs· The repayment is simple – a lump sum or installments (not later than FD tenure)

What are 5 advantages of fixed deposit?

1) FD is safe investment option. 2) Return on FD is predefined irrespective of market fluctuations. 3) It gives higher rate of interest than a normal saving account. 4) It provides an investor the flexibility of breaking it prematurely (Subject to some penalties). 5) The interest given on FD is tax free up to a limit. 6) On maturity, it provides the flexibility of direct credit the amount of principal and interest, in customer's bank account.

How do you create a CD ladder?

Laddering is an effective investment technique that is used by many intelligent investors who want to put their money to best possible use. You can do a Ladder using many investment options like Bank FD, NSC Certificates, Bonds etc.Just like a normal ladder, our investment ladder also has a certain number of steps. This is determined by the initial number of investments that we would be ready to make. Let us take an example where a Bank FD ladder is formed by Mr. X.Let us say Mr. X has idle cash of Rs. 3 lakhs and is willing to deposit it in a bank to ensure safety of the capital. Let us say the bank offers him an interest of 8% for one year and Mr. X invests it happily. At the end of the first year Mr. X would get Rs. 24,000/- as interest. Now if Mr. X wants to invest in the bank FD again, there is no guarantee that the bank would offer 8% or more. Based on the market interest rates, the bank may opt to reduce it. Let us say the bank reduces the rates to 6%, Mr. X has effectively lost Rs. 6,000/- that year as interest income. This is called Re-investment Risk.Laddering is a technique that can help us reduce this risk to a great extent. You can limit reinvestment risk by laddering, since you'll only have to reinvest part of your total fixed-income assets at any one time.A FD ladder is made up by purchasing several FD's at one time with different maturity dates. One example of a FD ladder is to have maturity dates of one year, two years and three years. These three investments make up the three rungs of your FD ladder with one certificate maturing every year for the next Three years.Mr. X had Rs. 3 lakhs to invest. He would buy 3 FD's for Rs. 1 lakh each with each one invested for one year more than the first. So he would have a 1 lakh FD maturing in one year, another in two years, and so on up to the last one which matures in Three years. Every year for the next three years one of his FD matures and earns you interest on his principal of 1 lakh.When the deposit matures, he would roll it over into another FD. The best strategy is to purchase a new CD at the longest term, which in our example above would be three years. This strategy allows you to take advantage of the higher rates normally associated with longer-term FDs while maintaining more frequent access to part of your funds.Let us say Mr. X needs Rs. 50,000/- at the end of the 6 months and he has no other cash sources apart from his FD's. In the normal scenario, he would have had to pre-close his FD (which would attract a penalty & he would not get the normal Interest) and then re-invest the remaining money in a different FD which may or may not earn as much as the interest rates may have changed. But in our scenario, all Mr. X would need to do is, take Rs. 50,000/- from one of his FD's and let the remaining 2 FD's go on as planned thereby reducing the penalty and interest lost because of the unexpected emergency.Another advantage to laddering your FD's is that over time it evens out the high and low interest rate cycles. Some years interest rates will be high, other years the rates will be lower. Currently banks are paying some of the highest FD rates we've seen in the last decade.Before deciding on laddering your FD's, make sure you can afford to do without that money for a period of time. You'll pay a penalty for withdrawing your funds before your FD reaches maturity.Also, don't get stuck on the idea that you have to invest in a 3-year ladder. You may be more comfortable with a five year ladder based on your financial needs. Or you may want to try a ladder with a 3 month, a 6 month, a 12 month, and a 24 month maturity. You can try a NSC ladder with 6 steps where you begin by buying NSC certificates every year for the next 6 years and then continue to Ladder it during subsequent years.The benefits of laddering your FD investment is that you lower your risk of losing money when rates are low, increase your returns when rates are high, and still have access to a portion of your money, should you need it for an emergency.Note: A Fixed Deposit in India is the same as a CD in the USA

What is the advantage and disadvantages of fixed deposit?

ADVANTAGES : If deposited into FD (Fixed Deposit) its more safe for you. Its interest % is high when compare with other deposits like SB (Saving Bank A/C) & Current A/C. If you're a senior citizen, the FD gives you the highest rate of interest. It depends upon the banks. You can keep FD with "Time base and Money base" schemes. for example.: 2 years deposits or 5 years deposits / upto Rs.50,00,000/- or Rs.10,00,00,000/-. DISADVANTAGES : You can't withdraw the deposited money back until the terms of deposit completes. for example.: You deposit your money into the FD for 5 years upto Rs.50,00,000/-. After 2 years of deposit, U need the deposited money in FD, you can't withdraw back without completion of the deposit amount reached. If the FD reach Rs.50,00,000/- u can withdraw the amount. Until u can't do anything against the FD. The Only one chance is, "U CAN CLOSE THE FD A/C" and then u may get your money back.......! The above information is true as per my knowledge. It may not contain updated information.....!

How do you make a star in LOGO?

to make a star on ms logo the commands should be: RT 20 FD 40 RT 140 FD 40 LT 70 FD 40 RT 140 FD 40 LT 70 FD 40 RT 140 FD 40 LT 70 FD 40 RT 140 FD 40 LT 70 FD 40 RT 140 FD 40

What type of bank account have the highest effective annual return?

A Fixed Deposit (also called a Certificate of Deposit) is the bank account that has the highest effective annual return. A FD Account is one in which the customer deposits a big sum of money (Usually a few thousands and upwards. There is actually no limit to the amount of money you can deposit in a FD) for a fixed duration of time (Atleast 3 months or higher). Since you agree to keep the money deposited with the bank for a fixed/agreed upon duration, the bank gives you a very good interest as payment for keeping the deposit

How do you draw a hexagon using logo command?

lt 45,fd 5o,rt 45,fd 50,rt 45 fd 50,rt 90,fd 50,rt 45,fd 50,rt 45,fd 50

How do you write a logo program for a rectangle?

fd 60 rt 100 fd 60 rt 100 fd 60 rt 100 fd 60

Is a Fixed deposit an income?

A fixed deposit (FD) is not considered income itself but rather a savings instrument where you invest a lump sum for a specified period at a predetermined interest rate. The interest earned on a fixed deposit is classified as income and is typically taxable. Thus, while the FD itself is a means to grow savings, the returns it generates contribute to your overall income.