Guwahati, Sept. 30 -- FD could be a viable investment choice for those who desire certain returns from the investment and expect moderate growth. Having Rs 5 lakh at your disposal, you may look into the FD interest rates offered by different banks in order to find out what bank offers a better FD for your investment horizon.

However, FDs can be selected not solely based on the interest rate they offer. Tenure, maturity amount, compounding, early withdrawal terms, taxation, and even convenience can all influence your decision.

There are differences in FD rates between different banks as well as different tenures. In other words, the best FD rate offered by a bank may be relevant only to a certain deposit term. That is why FD rates offere...