The SIDBI has announced on today (Wednesday) its plan of offering fixed deposit investment opportunities to the general investors as well as the bulk depositors. The most important point of this offer is that it will offer an annualized return of 9.84 per cent on its 12-13 months fixed deposit scheme. SIDBI has plans to offer many more investment horizons but with different returns.
Out of all the schemes 12-13 month scheme offers the highest return. In case of senior citizens the return is even higher than other investors. On the 12-13 month scheme the senior citizens will earn an annualized yield of 10.38 per cent. The minimum deposit amount is Rs 10,000 and in multiples of Rs 1,000 thereafter.
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Money Varta 