New Delhi, March 6 -- At the time of opening a fixed deposit (FD), it is advisable to compare the interest rates offered by different banks. Importantly, some banks have started to slash their rates in the wake of RBI cutting benchmark repo rate after nearly five-year hiatus.

Even a tiny difference - say of 50 basis points-- can lead to higher savings and income. For instance, when there is an investment of Rs.5 lakh in a fixed deposit, you can earn an extra income of Rs.12,500 in five years. And if the FD is of Rs.10 lakh, extra savings (on account of an extra 50 BPS interest) can jump to Rs.25,000.

Here we list out the special tenure fixed deposits which offer higher interest.

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