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Source: Live Mint If you want to open a fixed deposit (FD) account with a bank, it is recommended to first compare the interest rates offered by different lenders. Recently most banks have slashed their interest rates after RBI cut the repo rate by 25 basis points following the three-day monetary policy committee (MPC) which…
Source: Live Mint Investing into a fixed deposit gives consistent and safe returns to investors. No wonder then they are extremely popular among conservative investors who do not wish to risk their investment in stocks. Another point worth noting is that the tenure of fixed deposit (FD) makes a considerable difference to the returns it accrues. In…
Source: Live Mint Before starting a fixed deposit (FD), it is common for depositors to compare the interest rates offered by different banks so that they can maximise the income earned on it. Typically, banks offer high interest on their long term deposits and low when the deposit is made for a short period. A…
Source: Live Mint Fixed-deposit schemes will never go out of fashion among investors who are looking for a reliable, consistent, and long-term return on investments. The financial tool is beneficial for even those who want to invest money in a low-risk investment tool for a shorter duration, like one, three, or six months. Fixed deposits…
Source: Live Mint Highest FD rates: For a more accessible investment in Fixed Deposit schemes, Flipkart-backed super.money has enabled its users to invest in FD schemes via the Unified Payments Interface. The recently launched superFD product allows investors to earn up to 9.5% interest rates on FDs. About superFD on UPI Unlike other FD scheme…
Source: Live Mint Before investing in a fixed deposit (FD), it is recommended to compare the interest rates offered by different banks. Typically, banks offer a higher rate of interest to the term deposit of a long tenure. Conversely, short tenure term deposits offer a relatively lower interest rate. Here, we list out the interest…
Source: Business Standard Fixed deposits (FDs) have long been a trusted choice, particularly among senior citizens in India. Many private banks in India such as RBL Bank, SBM Bank India, and IndusInd Bank, are currently offering FD interest rates of over 8%, making them an appealing option for those seeking secure investments with guaranteed…
Source: Live Mint A number of banks have lately rolled out new deposit schemes to woo the current and new depositors. Some of these schemes are rolled after making minor tweaks in the regular deposit schemes. For instance, Bank of Baroda (BOB) has rolled out a recurring deposit plan which is similar to a recurring…
Source: Live Mint Have you ever wondered what can you do if you want to open a fixed deposit account but do not have access to a large sum. Is this possible to accumulate the deposit money in tranches? Well, Bank of Baroda offers systematic deposit plan (SDP) to those depositors who want to start…
Source: Business Standard Fixed Deposit, FD(Photo: Shutterstock) 5 min read Last Updated : Sep 06 2024 | 2:45 PM IST In September, 15 banks, including small finance banks, private, foreign, and public sector banks, are offering interest rates of 8% or higher. Some of the banks providing these rates include NorthEast Small Finance Bank,…
