Soon depositors will be able to open a fixed deposit for 20 years: Report

Soon depositors will be able to open a fixed deposit for 20 years: Report

Typically, banks offer fixed deposits with a maximum tenure of 10 years. There is no bank that offers an FD with a tenure longer than 10 years. This may change soon. Suryoday Small Finance Bank plans to stretch the maximum tenor of a Fixed Deposit (FD) to over 20 years, and the depositors will also … Read more