I want to park my money somewhere safe for 6 months. I think FD would be a good option but I want to know is there any FD for 6 months?
Given that you are looking for a safe avenue to park your money, FD is a wise choice. To answer your question, can we do FD for 6 months? Well, yes you can.
In fact, most of the banks offer FD facility starting from 6 months till 10 years duration. Of course, the interest rates are slightly lower for such a short duration but it is better than savings account interest earnings. Let me share a list of banks and their interest rates for FD spanning 6 months.
| Bank | 6 Months FD interest rates for general citizen |
|---|---|
| HDFC Bank | 4.25% |
| ICICI Bank | 4.50% |
| Axis Bank | 4.50% |
| SBI | 4.90% |
| Suryoday Small Finance Bank | 5.0% |
| Unity Small Finance Bank | 5.50% |
| Utkarsh Small Finance Bank | 5.0% |
You can see that small finance banks are offering slightly better interest rates.
Anyway, I hope you have what you wanted to know. Let me know if you have more questions. I would be glad to help you out.