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Source: Live Mint Union Finance Minister Nirmala Sitharaman recently hinted at the need to cut interest rates for the sake of growth. In a covert hint, which can be construed as a nudge, she hoped for the lending rates to be more affordable. At an SBI event held in Mumbai on Monday, Ms Sitharaman said…
Source: Live Mint India FD interest rates comparison: Public and private banks in India offer a varied range of fixed deposit (FD) interest rates, and it is thus recommended that you compare most options available before making an investment. At present, most banks offer a higher interest rate for term deposits with longer tenures, compared…
Source: Live Mint If you are planning to lock your savings in a fixed deposit (FD), it is reasonable to check the interest rates offered by different banks. Although most depositors prefer to open a term deposit account with a bank with which they share a long-term banking relationship, one can consider opting for a…
Source: Live Mint If you want to make the most of the high interest rates which prevail in the current market, you may consider locking some of your savings into fixed deposits. Meanwhile, equity markets are declining on foreign investors’ selling spree, and Nifty50 is already 8 percent down from its all-time high. So, relying…
Source: Live Mint Before you invest in a fixed deposit, it is vital to compare the deposit rates offered by different banks. Here we list out the interest rates offered by different banks in both private and public sector. Meanwhile, it is important to note that depositors tend to opt for a financial institution with…
Source: Live Mint After keeping the benchmark interest rate unchanged for ten consecutive meets, Reserve Bank of India (RBI) is expected to cut the repo rate in the next monetary policy committee (MPC) meet scheduled in December. It is, therefore, recommended to lock your savings in fixed deposits (FDs) for as long as possible, argue…
Source: Live Mint Bank of Baroda has rolled out BOB Utsav Deposit Scheme which has a 400-day tenure. The state lender offers an interest of 7.30 percent for the general public on this special deposit scheme. Interest rates for senior citizens Senior citizens are entitled to receive an extra 50 basis points i.e., 7.80 percent on…
Source: Business Standard 4 min read Last Updated : Sep 27 2024 | 5:32 PM IST Are you looking to maximise your savings through fixed deposits? Several public sector banks are currently offering attractive interest rates on fixed deposits, with the Bank of India leading the pack. Senior citizens can earn 7.95 per cent…
Source: Live Mint When you are on a lookout for bank fixed deposits (FD), one of the key things that you zero in on is the highest rate of interest offered by different banks. While the general thumb rule is that the banks tend to offer higher interest rates for long duration deposits and lower…
Source: Business Standard 2 min read Last Updated : Sep 10 2024 | 4:06 PM IST Axis Bank has announced an update to its interest rates for fixed deposits (FD). The new rates, effective September 10, offer attractive returns for general customers and senior citizens across various deposit amounts and tenures, said the lender. …
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