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Fixed deposits takes a back seat; Rs 50 lakh investment could become Rs 1 crore in 10 years

Updated : August 09, 2018 01:22 PM IST

HDFC Bank is offering 7% for deposits below Rs 1 crore for tenures, from 1 year to 5 years, and SBI is offering an interest rate of 6.70% on FDs with maturity between one year and less than two years, up from 6.65% earlier.
The returns from FDs might be looking attractive but investors should not forget that income from fixed deposits is fully taxable. Hence, the effective returns are much lower.
If you are a risk-averse investor you would want to invest in fixed deposits but achieving the aim of capital protection is also possible in equities, suggest experts.
Fixed deposits takes a back seat; Rs 50 lakh investment could become Rs 1 crore in 10 years

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