a few choices are:-
1. Kotak Mahindra Bank (Highest Saving Interest Account)
Kotak Mahindra bank offers one of the most elevated sparing record financing cost in India. You would get up to 6% financing cost on your sparing record. Indeed, even the FD loan cost of SBI, HDFC and ICICI goes between 6 to 7%.
So you can procure roughly the equivalent fixed store financing cost on your sparing record without locking your cash.
Kotak 811 Digital Bank is extraordinary compared to other sparing records gave by Kotak bank. 811 is a zero equalization sparing record that you can open online through your portable or PC.
Fixed deposit and recurring deposit, both are good options for safe investment and both are are fixed income products. But when you compare the two, FD scores higher than a RD because of the returns you get.
For the invested amount, banks pay you a fixed interest at a specific frequency till the term or on maturity. If compared for the higher profits, a FD fetches you more income than a recurring deposit.
Even in case you put in the same amount, FD will always offer you a better profit because it will remain in the bank for a longer time. Therefore, it will offer you 9% rate of interest from the beginning, whereas in recurring, you will put in the money in a monthly format.