Are you looking for the best place to invest? But can’t figure out where to invest? Then this article is for you. Current time Fixed deposits are considered to be the best option for investment. Savings accounts give higher returns. Many people do not like to deposit money in FDs for a long time. Short-term fixed deposits can prove to be a better option for such people. Short-term fixed deposits are offered by banks. The duration of which ranges from 7 days to 12 months. The rates change from time to time.
There are many government banks that are providing attractive interest rates as well as safety on 15-day FDs. Let’s check out.
SBI FD Rates
The country’s largest government bank is offering 3.50% interest to the general public on FDs of 7 to 45 days. The interest rate for senior citizens is 4%. The rates are effective from 15 June 2024.
Canara Bank
Public sector Canara Bank is offering 4% interest to general and senior citizens on HD from 7 days to 45 days. The bank is currently paying a maximum interest rate of 7.25% to ordinary citizens.
Bank of Baroda
Bank of Baroda is offering 4.50% interest to the general public on a tenure of 15 days to 45 days. At the same time, senior citizens are getting 5% interest. The interest rates are applicable from 14 October 2024.
Bank of India
Bank of India is also offering attractive interest on 15-day FDs. General citizens are getting 3% interest on a tenure of 15 days to 30 days. The interest rate for senior citizens is 3.50%. The interest rate is applicable from 27 September 2024.