Who Offers Fixed Deposits (FD)?
One of the reason which contributes to the high popularity of FD’s is that they are easy to apply and, are available easily. Fixed deposits are offered by all scheduled commercial banks, NBFCs, HFCs. and, even payments banks like Paytm payment banks and Airtel payment banks offer Fixed Deposit to investors. Private banks can offer better interest rates than public sector banks, but investor should not be attracted to high interest rates without due diligence. It is important for an investor to check the ratings of the financial institution offering FD’s. CRISIL issue ratings for financial institutions which can be used by investor to make a decision whether to invest or not. It is seen that small finance banks are offering better and high interest rates of FD but again investor should pay attention to their ratings.