Fixed Deposits
Inflation was declared Public Enemy No. 1 in the United States by President Gerald Ford in 1974. Inflation is the rate of increase in prices over a given period of time. According to official data, the annual inflation rate in India increased to 6.95 per cent in March 2022, the highest since October of 2020.
Similarly, the wholesale price index in March at 14.5 per cent, was the second highest since 2012. To beat the current Inflation rate the Fixed Deposits should yield Interest more than 6.95 per cent so as to keep the value of your Money. We at Sonerix Nidhi Limited provide a higher interest rate on Fixed Deposits that not only beats the Inflation but also helps in growing your Savings
| Tenure | Regular Fixed Deposit | Non Callable Fixed Deposit |
|---|---|---|
| 6 Months | 9.5% | |
| 6 Months to 1 Year | 9.85% | 10.5% |
| 1 Year to 2 Years | 10.75% | 11.5% |
| 2 Years to 3 Years | 11.65% | 12.5% |