Fixed Deposits or FDs have remained one of the trusted and popular investment options in India. If you check the history of fixed deposit rates in India, you may not believe that there was a time when the bank Fixed deposits interest rates were as high as 13%. The history of Fixed deposits interest rates shows that it gradually decreased through the years. At that time, Fixed deposits were not considered the safest option in India but were the best investment plan for higher returns.
While considering the more than 20 years’ Fixed deposits rates in India, you can find that the Fixed deposits interest rates started a downhill journey. In 2003-04, it fell to 5.50%, which was a historical low in the fixed deposit interest rates. The historical Fixed deposits rates in India have recorded higher interest rates during 1994-1999. Fixed Deposits offer greater flexibility and easier ways of liquidation compared to other investment options that have long lock-in periods. You can choose to invest in a fixed deposit through SFB, which offers a platform for you to open an Fixed deposits in trusted banks and NBFCs.
Fixed Deposit Rates List from RBI Release data
https://www.rbi.org.in/scripts/PublicationsView.aspx?id=12765
As we seen on the above illustration, it's shown that Fixed deposits rates are gradually declining year after year. If we do accurate calculation with the impact of inflation and taxation deduction on interest gain by Fixed deposits, the rate we will get is very less then shown on a Fixed deposits certificate, and this is a really terrible moment what we feel on that time.
At SFB, our most priority is to look on to the customers gain and we always recommend to our clients a good instruments which returns generated over a time it will defeat the impact of inflation and taxation on capital gain, after do all this maths jargons our aim is to give a bunch of rewards to our clients (Investor).
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