You can take a loan to the extent of 90% of the principal amount.
With effect from today, the following interest rates apply to normal fixed deposits: Period Interest Rate Per Annum 7 days to 45 days 2.
What are the premature withdrawal penalty charges for FD? Fixed Deposit Benefits Fixed deposits can be made for a predetermined tenure at a fixed rate of interest.
Now small banks, new banks and some NBFCs offer higher interest rates on FDs to customers as compared to other top banks like State Bank of India SBI , HDFC Bank, ICICI Bank, etc.
Investments under Post Office qualify for sovereign guarantee, i.
RBI does its job fairly well and hence, problems if any are more or less very rare.