I am going to start FD(Fixed deposit) to CITY UNION BANK(CHENNAI). Is this good and safe?They are providing 10% interest. Shall I go for this or any other bank provide best interest rate? Please confirm someone. Thanks |
I am going to start FD(Fixed deposit) to CITY UNION BANK(CHENNAI). Is this good and safe?They are providing 10% interest. Shall I go for this or any other bank provide best interest rate? Please confirm someone. Thanks |
You best check out that interest rate.
No bank gives a 10% return. More likely
its 1% or even 0.10% (a tenth of a percent)
\EDIT
Oh your talking about banks in India. Yes their
interest rates are much higher. I found one that
has fixed deposit of from 4% to 8.5%.