8% FD interest in traditional banks: Where will you get the best return — public sector or private banks?
At present, the interest rate earned on fixed deposits can go up to 6.8-7.2 per cent in large public and private sector banks. Meanwhile, smaller private banks offer interest rates ranging from 7 per cent to 8 per cent on deposits. How do you decide where to put your hard-earned money to get the best return from your fixed deposit investment? If you are confused which bank you should choose — public sector or private sector — for your next FD, read on
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