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This website shows the key benefits of repaired dumps (FDs) to possess senior citizens and why they are nevertheless a safe, legitimate financing choices. Assume you unsealed an enthusiastic FD membership which have a-one-season term and a six.25% annual interest rate. The prevailing interest rate to possess a keen FD that have a period of 90 days are six.50%, depending on the cards price given if FD account are open. Within scenario, the lending company will establish the fresh 6.25% interest that really must be paid back on the early detachment of your FD. Can you imagine you may have opened an FD account inside the a financial to have INR step 1 Lakh with a single-season label.