Which bank is best for large fixed deposits?

[Nishan11]

Hi,

I have a salary account (saving account but salary credit in that only ) with SBI, as it's unofficial order for all our state secretariat officials to open salary account with them.

Other than that I have saving account with bank of baroda for my family business purpose.

I have to do couple of little large fixed deposits of 75 L + & 1.5 Cr +. I need locker service too. Will use this new account for big transactions.

So planning to open account in any top private bank which suits my needs & gives good perks. So far only talked with hdfc & also open to explore other options.

Kindly advice.

 

[BVCBVC is verified member.]

You can try IDFC and ICICI also if you've branches located within. You can negotiate for Locker facilities also.

 

[AritraSaha]

Hi,

I have a salary account with SBI, as it's unofficial order for all our state secretariat officials to open salary account with them.

Other than that I have saving account with bank of baroda for my family business purpose.

I have to do couple of little large fixed deposits of 75 L + & 1.5 Cr +. I need locker service too. Will use this new account for big transactions.

So planning to open account in any top private bank which suits my needs & gives good perks. So far only talked with hdfc & also open to explore other options.

Kindly advice.

HDFC would be good. They have 7.5% for 5years.

If you can take bit risk then go for Indusind & IDFC.

They will treat you like GOD.

Will this kind of money, Any bank will give you there Highest tier bank.

 

[Nishan11]

You can try IDFC and ICICI also if you've branches located within. You can negotiate for Locker facilities also.

Yes Both IDFC & ICICI have their branch in Raipur, Chhattisgarh.

Will visit both banks next week.

 

[Deleted member 11974]

go for icici/hdfc/axis/indusind based on rates and other products you want.
if you are looking for better rates
make fds of less than 5L or upto 5l and keep in au small finance,utkarsh small finance,bajaj finance
they give returns upto 12%

 

[Stargod]

According to safety as per RBI: SBI , HDFC , ICICI are the most safest banks in India that are too big to fail.

 

[CARDBITRAGE]

IndusInd Pioneer is a good option. They have dedicated branches to cater to their clients. They offer better FD rates as well.

 

[Nishan11]

HDFC would be good. They have 7.5% for 5years.

If you can take bit risk then go for Indusind & IDFC.

They will treat you like GOD.

Yes hdfc is good. But I wish to explore other banks before so that I don't miss out on good perks.

I will visit IDFC next week. I don't like indusind as their customer team is garbage.

 

[Nishan11]

go for icici/hdfc/axis/indusind based on rates and other products you want.
if you are looking for better rates
make fds of less than 5L or upto 5l and keep in au small finance,utkarsh small finance,bajaj finance
they give returns upto 12%

Only preferring banks like ICICI/HDFC/AXIS.

I will explore IDFC next week. Indusind is not an option as their customer care is waste.

 

[srikant]

Maybe consider Kotak as well?

 

[Deleted member 9785]

Bank of Baroda hikes FD interest rates on various tenors by up to 125 bps: Check details

Bank of Baroda has hiked fixed deposit interest rates from 10 basis points (bps) to up to 125 bps on various maturity buckets. These rates are applicable on deposits below Rs 2 crore and effective from December 29, 2023.

economictimes.indiatimes.com

HDFC is the worst

 

[Deleted member 11974]

these people arent increasing casa rates and then cry that liquidity in the system is low
low to rahega hi na baba
tum chillar barabar interest doge to log kyu rakhenge paosa

 

[Deleted member 9785]

these people arent increasing casa rates and then cry that liquidity in the system is low
low to rahega hi na baba
tum chillar barabar interest doge to log kyu rakhenge paosa

stock market SIP sucking money from fd?

 

[Deleted member 11974]

not only sip
ios
and direct stock investments
nifty gave a return of 19% this year
even if a nifty 50 low risk ETF would make more sense then to keep funds in savings acc

 

[Deleted member 11974]

and leave fds
casa is the main issue
banks can always get fds via senior citizens