https://www.desidime.com/comments/permalink/9594404
AU bank account, everything is online. Can do most of things via Video banking. But area should be serviceable. Some exceptions are always there. @Neversaynever
Best Fixed Deposit Rates for 3 Years – Online Account Opening
Hello, everyone! I'm looking for suggestions on the highest fixed deposit (FD) interest rate currently available, preferably for a locking period of 3 years, but 2-3 years works.
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I'm open to considering small finance banks as well, as long as the account opening process is smooth and online. Additionally, for small finance banks, does the bank need to have a physical presence in my city for me to open an account? Thanks in advance for your help!
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CC: @BlueFlash @flash007 @quantum
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https://www.desidime.com/comments/permalink/9594606
Equitas SFB
444 days 8.5%
888 days 8%
https://www.desidime.com/comments/permalink/9594645
AU Bank
24 Months 1 Day to 36 Months
8.00% for Regular
And 8.50% for Senior Citizens.
https://www.desidime.com/comments/permalink/9594643
Suryoday but offline form
https://www.desidime.com/comments/permalink/9594736
Bajaj Finserv...For non-senior citizens with a lock-in period of 44 months & annual interest (NOT monthly, quarterly or half yearly) they are providing a special interest rate of 8.35% for any principal amount of less than 5 cr. Best part - everything can be done online.
P.S: Interest rates vary, so make sure to check & verify before opening any FD account.
Find more details here:
https://www.desidime.com/comments/permalink/9594769
@Tejaa As far as highest FD interest rate goes, Suryoday SFB has 8.6% for 2<T<=3 years. I had opened it's SA completely online with vKYC a year back, but I guess now it's an offline process. Second best would be Utkarsh SFB as well as Jana SFB, with both of their rate at 8.5% for 2<T<=3 years and their SA opening is completely online with vKYC. Fincare SFB is also good with 8.51% for 750 days and 8.31% for 1000 days, and it's SA can also be opened online with vKYC. Obviously having a physical branch in your city helps in case of any issues. You can check out SBM too, it's FD rate is 8.25% for 3Y2D as of today and it's fully digital, and not a SFB so kind of more safe; SA can be opened via it's associated Neo-Banks or directly too with vKYC.
https://www.desidime.com/comments/permalink/9595323
Thanks, mate for the detailed answer. Seems like I have three options Utkarsh, Jana & SBM, since Suryoday and Fincare aren't here.
For Jana, can we create normal SA online or only the digigen ac which has limitations?
For Utkarsh, I should go with 5K AMB ac right? https://u-instant.utkarsh...k/
For SBM, direct account opening needs a huge TRV I guess, any reputated neo-bank? Is Niyo global free? Also RBI seem to be after them, banning them for certain activities and all. 😅
For Jana, can we create normal SA online or only the digigen ac which has limitations?
For Utkarsh, I should go with 5K AMB ac right? https://u-instant.utkarsh...k/
For SBM, direct account opening needs a huge TRV I guess, any reputated neo-bank? Is Niyo global free? Also RBI seem to be after them, banning them for certain activities and all. 😅
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https://www.desidime.com/comments/permalink/9595459
Have heard about it. Concept is very nice. But don't know how smooth is the FD breaking process.
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https://www.desidime.com/comments/permalink/9595425
you can use sable money for fd rate comparison and online booking. I am using it and its quite user friendly. don't need to open multiple saving account with multiple banks. You can DM me for more details
https://www.desidime.com/comments/permalink/9597457
https://www.janabank.com/interest-rates/#retail...
1-2 years 8.25% so redeemed after 1 year and 4 months, still it will be 8.25%?
how is their internet banking?
https://www.desidime.com/comments/permalink/9601814
Are deposits of a bank with rbi a good point to estimate financial health of a bank? Any website which gives regular, quarterwise and updated data for the same?
Has any bank, big or small, which was listed shut down? Yes did but since no moratorium on deposits was placed on it so it wasn't really a shut down. @Tejaa @LordGane @BlueFlash @guest_999
https://www.desidime.com/comments/permalink/9602063
None of the scheduled commercial banks have ever been shut down, and neither were any of the small finance banks... Even in the worst case scenario, like Yes bank fiasco, RBI pitches in and saves the day for the customers... Nonetheless, it's always good to spread your savings across 2-3 banks... Co-operative banks on the other hand is a different story...
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https://www.desidime.com/comments/permalink/9604014
@guest_999 @BlueFlash Chances of a further increase in FD rate is slim or nill?
Today's News:
https://economictimes.indiatimes.com/wealth/inv...
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Have heard about it. Concept is very nice. But don't know how smooth is the FD breaking process.