What is Interest Rate in FD?
Are you asking what is interest rate in FD, as in the definition or what is the percentage offered?
Well, if it is the first one then you should know that interest rate is the percentage rate at which you and your bank or financial institution agree for interest payments after maturity. The point to be noted here is that the interest rate is not revised during the investment period unlike PPF, NPS, or other investment schemes.
The current FD interest rates are somewhere between 2.50% and 8.55% depending on the tenure, amount and citizen. You should check with the bank or financial institution you want to open your FD account the interest rate being offered as it differs for each of them. Generally small banks and NBFCs offer higher interest rates.
This should help you understand what is fixed deposit interest rate better. Drop comments if you need more information.