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These fixed deposits can earn you up to 8% interest! Check here 

After RBI started to raise the repo rate, commercial banks too, have also been raising interest rates on fixed (or term) deposits across tenors.

FD interest rates have risen to nearly 7.5 to 8% per annum, which is lower than the repo rate hike.

Investors can opt for special tenor term deposits over regular ones to maximise their earnings via fixed deposits.

BOB, under its Tiranga plus deposit scheme, offers 7.05% for deposits of a 399-day tenor.

Canara Bank offers 7.15% on term deposits of a 400-day tenor.

Remember this before investing in term deposits

It is advisable to select term deposits across tenors. Don't stay confined to one tenor.

To earn higher interest, investors can invest in the name of their parents or adult children which will lead to a lower tax outgo.

It is not rational to lock your savings in a long-duration deposit if you have a financial goal which is due in the next one year or so.

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These fixed deposits can earn you up to 8% interest! Check here

Investors can make the most of prevailing high rates of interest offered on fixed deposits (FDs) of particular tenors such as 399 days, 555 days or 666 days. We share more details here.

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These fixed deposits can earn you up to 8% interest! Check here

Investors can make the most of prevailing high rates of interest offered on fixed deposits (FDs) of particular tenors such as 399 days, 555 days or 666 days. We share more details here.

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