Fixed deposit (FD) investments are popular among investors with low-risk appetite and also those seeking a fixed income. Since the FD interest rate is locked-in at the time of investment, the investor knows the amount they will get on maturity. Naturally, most people want to invest in an FD that offers the highest interest rate compared to its competitors.
When it comes to the 5-year FDs, many investors opt for those offered by PSU banks but often many private and small finance banks (SFB) offer higher rates.
