Based in Noida, NCR the renowned business conglomerate Jaypee Group takes interest in several major industries. These include banking, hospitality, infrastructure, education etc. They offer fixed deposits of various rates of interests depending on the duration for which the deposit is made once the customer satisfies the requirements to be eligible. Fixed deposits vary highly in their rates from time to time, changing due to market conditions for example, company policies, lending rates of RBI and several other factors.
At loanbaba.com, we will share updated information about best fixed deposit rates, FD India schemes of the bank and Jaypee Group FD rates over all tenures for fixed deposit and term deposit. You will also come to know about popular FD rates, India by the bank for 2017 and FD interest rates that are the highest.
For tenures between 1 to 3 years, cumulative and non-cumulative both kinds of fixed deposits are provided by Jaypee Groups. The 12 month holdings get a rate of interest as good at 12% and on increasing the holding to two years, the rate is 12.25%. For three year holdings of fixed deposits, 12.5% interest rate is provided.
However, the effective interest rates on fixed deposits by Jaypee Group range between 12.12% and 12.63%. In cumulative option, rate of interest remain from 11.5% up to 15.07% on a tenure that may start from 6 months up to 3 years.
Senior citizens enjoy an additional benefit of 0.5% more interest on their fixed deposits over the normal rates provided to other customers. Hence they get a rate of interest that lies from 12.5% up to 13%.
The rates are comparatively better than other banking institutions and make a very good option for those who want to invest to get higher returns. The tenures can range from six months or from one year to three years.