For the decade FD been the safest mode to transport your excess fund. These days we have various investment instrument but still we have some of our fraction excess money deposited in this fund. The fact that FD rates are slipping for the couple of years now, there are some banks that are offering better rates for various period. Hope this post will give you the brief info. I had written down the various rates offered by banks for various period (Interest rate % compounded Quarterly) Let discuss about it's Tenure, min-max amount, Interest payment, taxation, premature withdrawls, Loan facility, Nomination facility. TENURE The minimum and maximum tenure offered for which an FD can be placed varies from one bank to another. Usually, one can invest in FD for minimum of 7 days and for maximum of 10 years. MIN & MAX INVESTMENT AMOUNT The minimum amount needed to open a fixed deposit account varies from bank to bank. However, there is no limit on the maximum amount which ...