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Assets owned by several firms and their owners in the list.
Offered by banks, NBFCs, and other financial institutions, FDs are thus one of the most popular investment choices.
Over six lakh such unclaimed deposits exist in Kerala alone. Over 3 lakh National Savings Certificate investments from Kerala worth Rs 15 crore have been named in the list.
Owing to the severe competition among the banks, the interest rates are flexible and relatively high, making it an attractive investment tool to inculcate saving habits.
Before you venture into such investment tools, raise your awareness about the companies receiving the deposit.
This follows an increase in deposit rates by HDFC Bank by up to 0.5 per cent and ICICI Bank by up to 0.25 per cent on select maturities earlier this month.