Fixed Deposit Interest: Are you also investing in FD? keep these things in mind, Know here...

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FD Personal Finance Investment: Reserve Bank of India has increased the repo rate by 0.90 percent twice in the last months. After which banks have increased the interest rates on fixed deposits. As a result, interest rates have increased. Now the biggest question in front of investors is whether this is the right time to invest in FD. You can understand in this news.

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Invest it?
You can invest in Small Savings Schemes, FDs, Target Maturity Funds, Fixed Maturity Plans, Debt Funds.

This is the interest rate on investment
Scheme          Interest Rate
FD                      5.5%
Debt Fund      5.25%-5.45%
PPF                    7.1%
SSY                    7.6%
KVP                    6.9%
SCSS                 7.4%

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Small savings scheme

  • Interest rate better than bank deposit
  • Benefits under section 80C
  • Tax exemption on investment up to ₹1.5 lakh
  • Long lock-in period, low liquidity
  • SSY for girls up to 10 years
  • SSY- Sukanya Samriddhi Yojana
  • SCSS- For citizens above 60 years
  • SCSS-Senior Citizen Saving Scheme
  • EEE benefit in PPF, SSY